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Jeff McMahon

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Forbes: 4 Reasons Renewables Will Continue to Dominate Fossil Fuels

Posted by Jeff McMahon on Jul 3, 2019

Forbes columnist Jeff McMahon highlighted the competitive economics of renewables in this second piece drawing from AEE's June 25 webinar, "What Happens When Wind and Solar Compete on Price." He reports that renewables make running fossil fuel plants more expensive, costs of capital are declining, renewables have no fuel costs, and they compete in states like Georgia, Indiana, and North Carolina. See excerpts below and read the entire Forbes piece here. McMahon's first piece is here.

Renewables will dominate energy markets in the United States because of their economics, even without the support of policy, some analysts agree.

The low price of renewables has driven the news this week not only of LA's record-breaking solar+storage deal but also Indiana's early exit from coal. And experts expect prices to continue to fall across the country...

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Topics: AEE In The News

Forbes: Conservative Indiana Chooses Renewables Over Gas as It Retires Coal Early

Posted by Jeff McMahon on Jul 2, 2019

Forbes columnist Jeff McMahon summarizes take-away's from AEE's June 25 webinar, "What Happens When Wind and Solar Compete on Price." He focuses on the experience of panelist Mike Hooper, NIPSCO. See excerpts below and read the entire Forbes piece here. McMahon's second piece in this series is here.

Los Angeles just announced the largest and cheapest solar+storage project in the world, but that's the golden land of dreamers and subsidies. About 1,800 miles to the right, conservative Indiana—with no renewable-portfolio standard—is making similar choices.

Renewables are so cheap, said Mike Hooper, the senior vice president of the Northern Indiana Service Company (NIPSCO), that the utility can close its coal plants early and return $4 billion to its customers over the next 30 years.

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Topics: AEE In The News

Forbes: Electric Vehicles Benefit Utility Customers as Much as Their Owners

Posted by Jeff McMahon on Feb 1, 2019

Forbes covers the widespread benefits of electric vehicles, from beyond their owners to utility customers as well, and addresses key regulatory considerations The article references AEE’s webinar, EVs 101: What Regulators Need to Know About Electric Vehicles, which featured a panel of experts including Proterra’s Eric McCarthy, Siemens' Chris King, and AEE's Matt Stanberry. See excerpts below and the entire Forbes story here:

As electric-vehicle sales mount, observers are finding benefits to society—especially to electric ratepayers—that sometimes surpass the benefits to the EV buyers.

"These vehicles use a different kind of fuel and plug into our electricity system, and the good news about that is that there are a number of cost-benefit studies that are showing this can be really beneficial to all rate payers, not just the drivers of the vehicles," said Matt Stanberry, the managing director of the advanced transportation program for the trade group Advanced Energy Economy

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Topics: AEE In The News