19 Dec '11, 5pm

As Utilities Seek Mergers, States Require More Renewable Energy

Want to merge? Only if you invest in more renewable energy, say some states, in what could become a trend. In a time of dropping natural gas prices (because of oversupply) and constrained federal spending, renewable energy costs more for utilities, so they're not rushing into new projects. Except of course, if there's something in it for them. That something is the urge to merge, and there are $31 billion in pending US mergers. States that want more renewable energy are holding off approving those mergers until they get more of that. State law requires that mergers be approved only if they're in the public interest, which usually means negotiating for lower electricity rates or customer rebates. But in Maryland, Governor O'Malley got $1 billion in in renewable energy projects for his state, seven times Exelon's initial offer. In return for an additional 180 MW of wind, sol...

Full article: http://www.sustainablebusiness.com/index.cfm/go/news.disp...

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