U.S. States Turn Against Renewable Energy as Gas Plunges

[Purveyor]

More than half the U.S. states with laws requiring utilities to buy renewable energy are considering ways to pare back those mandates after a plunge in natural gas prices brought on by technology that boosted supply.

More than half the U.S. states with laws requiring utilities to buy renewable energy are considering ways to pare back those mandates after a plunge in natural gas prices brought on by technology that boosted supply.

--CLIP
“We’re opposed to these mandates, and 2013 will be the most active year ever in terms of efforts to repeal them,” said Todd Wynn, task force director for energy of the American Legislative Exchange Council, or Alec, a lobby group pushing for the change. “Natural gas is a clean fuel, and regulators and policy makers are seeing how it’s much more affordable than renewable energy.”

Conference Discussion

President Jack Gerard of the American Petroleum Institute, a trade group for the oil and gas industry, along with the former governors of Colorado and New Mexico will speak about the issue today in New York at a conference hosted by Bloomberg New Energy Finance.
Hydraulic-fracturing technology opened aging reservoirs for natural gas drilling, driving prices down about 72 percent from their record 2005 high. That’s making more expensive wind and solar power projects harder for utility regulators to justify, according to Alec and its allies, which include the Heritage Foundation in Washington.

MORE...

http://www.bloomberg.com/news/2013-04-23/u-s-states-turn-against-renewable-energy-as-gas-plunges.html

[Frustratedlady]

1. Anything coming from ALEC and the Heritage Foundation is suspect.

From what I've seen from both, they are more interested in their members' bottom lines than the good of the country.

Haven't we learned our lesson?