23 Apr '13, 2pm

U.S. States Turning Against Renewable Portfolio Standards as Gas Plunges

Sixteen of the 29 states with renewable portfolio standards are considering legislation that would reduce the need for wind and solar power, according to researchers backed by the U.S. Energy Department. North Carolina lawmakers may be among the first to move, followed by Colorado and Connecticut. The efforts could benefit utilities such as Duke Energy Corp. and PG&E Corp. as well as Exxon Mobil Corp., the biggest U.S. oil producer, and Peabody Energy Corp., the largest U.S. coal mining company. Those companies contributed to at least one of the lobby groups pushing the change, according to the Center for Media and Democracy, a Madison, Wisconsin-based non-profit group. It would hurt wind turbine maker Vestas Wind Systems A/S and First Solar Inc., which develops solar farms. “We’re opposed to these mandates, and 2013 will be the most active year ever in terms of efforts to...

Full article: http://www.renewableenergyworld.com/rea/news/article/2013...

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