Duke official urges NARUC to view renewables as 'niche' sources, not a solution
Regulators and utilities need to strive to honor the balance between affordable, reliable and clean electricity generation, Turner said, commenting, "It doesn't matter how clean it is if it's not affordable or reliable." However, he added that there are going to be voices in the debate over future power sources that care about only one prong and do not have to worry about that balance.
July 19, 2010
by Kathleen Hart
in SNL Financial
Utility regulators and executives should view renewables as "niche" sources of electricity rather than as a reliable solution to the nation's future energy needs, a Duke Energy Corp. executive told participants at the National Association of Regulatory Utility Commissioners meeting in Sacramento, Calif.
"Wind and solar resources provide a valuable niche role, but they are not the solution," Jim Turner, group executive of Duke Energy and president and COO of its U.S. franchised electric and gas business, said July 19. "I think we need to honestly acknowledge that as we think about the investments that we're going to be making" in... [continue via Web link]