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.