News

Inside Climate News reports that PJM Interconnection is under pressure, following PJM’s July capacity auction when prices jumped over 800 percent. Interviewed as part of the article, United's Jon Gordon emphasized PJM’s backlogged interconnection queue of 3,000 projects capable of replacing the entire grid’s generation, underscoring the need for immediate action.

Utility Dive examines the expected impact of a second Trump presidential term on the future of the Inflation Reduction Act and offshore wind projects. United's Harry Godfrey predicted initiatives under the new administration are unlikely to significantly hinder the growth of renewable energy, highlighting that the ongoing clean energy transition has the potential to lower consumer energy bills and help reduce inflation in the long term.

Assembly Bill 538 "jumpstarts" conversation around regional grid collaboration, with the potential to save hundreds of millions in energy costs

SACRAMENTO, Calif. – Introduced by Assemblymember Chris Holden (AD41), Assembly Bill 538 would create a structure that would allow the California Independent System Operation (CAISO) to integrate into a broader, independent regional transmission operator (RTO). A 2022 economic development study commissioned by Advanced Energy United and conducted by Energy Strategies found that a transition like the one proposed in AB 538 could create over 138,000 jobs and save ratepayers $538 million per year in energy costs.

Joining a Western grid would keep the lights on during extreme weather while creating up to 138,700 jobs and annually reducing energy bills $563 million

SACRAMENTO, Calif. – A new study shows California would see significant economic benefits from participating in a regional electric grid with neighboring states. Conducted by independent consulting firm Energy Strategies on behalf of business association Advanced Energy United (formerly Advanced Energy Economy), the study found that joining a regional transmission organization (RTO) could generate upwards of $21.7 billion in new annual gross state product for California and up to 138,000 new, permanent, living-wage jobs. 

RTO Insider discussed AEE's Western RTO study, detailing the economic benefits and job creation. Read snippets below and the full article here.

Released last week by Advanced Energy Economy (AEE), the Western RTO Economic Impact Study was prepared by Energy Strategies and Peterson & Associates. It draws on analysis Energy Strategies performed for a state-led study published last year to quantify the electricity system benefits of a Western RTO.

This week, national business group Advanced Energy Economy (AEE) released new research into the economic development potential of establishing a regional transmission organization (RTO) to operate the power grid for Western states. The report, conducted by independent consulting firm Energy Strategies, finds that establishing an RTO for Western states would create as many as 657,000 permanent, high-paying jobs in the West. If you want to learn more, watch the press briefing here. 

Clean energy investments will reduce electricity costs and create good jobs in America 

WASHINGTON, DC, July 27, 2022 – Advanced Energy Economy (AEE), a national trade association of clean energy buyers and businesses, celebrated the federal budget agreement announced today by Senate leaders Chuck Schumer and Joe Manchin, and released the following statement on behalf of its CEO, Nat Kreamer:

“At a time of acute inflation, this agreement represents a truly historic step towards lowering the energy bills of Americans and creating real energy independence. It is likewise a smart investment in our domestic advanced energy industry, creating tens of thousands of good jobs. We applaud Senator Schumer, Senator Manchin, and all of those involved in bringing this agreement to fruition. We look forward to reviewing the details of the bill and urge Congress to move swiftly towards passage.”

A Western RTO could save Western states $2 billion in annual energy savings

JULY 26, 2022 – A new report for national business association Advanced Energy Economy (AEE) by independent consulting firm Energy Strategies finds that establishing a Regional Transmission Organization (RTO) for Western states would create as many as 657,000 permanent, high-paying jobs in the West. The analysis, "Western RTO Economic Impact Study," also found that a Western RTO would diversify state economies and save ratepayers millions of dollars per year in energy costs.

An RTO is a cooperation agreement which allows electric utilities across multiple states to share resources and leverage the cheapest, cleanest, and most efficient energy sources through an organized regional market. Currently, the West is one of the only regions in the U.S. without an RTO managing its power grid.

The analysis found that every state in the Western region (Arizona, California, Colorado, Idaho, Montana, Nevada, New Mexico, Oregon, Utah, Washington, and Wyoming) could expect economic benefits from a West-wide RTO, driven by lower electricity prices for households and businesses, additional clean energy development across the region, and the expansion of existing, as well as attraction of new, businesses to the West.

WASHINGTON, July 15, 2022 – National business association Advanced Energy Economy (AEE) President Heather O’Neill issued the following statement today about Senate budget reconciliation negotiations: 

“Americans are facing historic levels of inflation, driven in large part by global fossil fuel prices. The tax credits in this package would deliver much needed relief, helping to cut energy prices and reduce U.S. dependence on price-volatile fossil fuels, by spurring the domestic manufacturing and deployment of clean, affordable, and reliable advanced energy technologies. Failing to use this opportunity to boost the domestic advanced energy manufacturing industry would mean American workers get less benefit from the world’s transition to clean energy, and would all but assure that our economic competitors, particularly China, reap the economic rewards instead. We call on Congress to enact them as soon as possible.

New report from AEE finds investing in cleaner energy technologies in New Mexico would create nearly 800,000 jobs and save New Mexicans almost $6 billion annually on energy costs

SANTA FE, July 28, 2021 – National business group Advanced Energy Economy (AEE) released a new report today that adds up the benefits of a potential federal stimulus package for New Mexico’s advanced energy sector. According to the report, a federal investment of $20 billion would deliver a nearly six-fold return for the state, adding $117 billion to the GSP (gross state product). The investment would also save consumers, municipalities, and businesses almost $6 billion on energy costs every year for decades to come and create 796,000 industry jobs (measured in job-years) for New Mexicans.