Don't Overlook Much-Needed Energy Efficiency Provision in "Smart Grid" Legislation
31.12.69
Yesterday Illinois lawmakers approved a new law allowing Illinois electric utilities to make a major investment in modernizing the electric system, through a combination of smart grid technology, upgraded underground infrastructure, small distributed renewable power and energy efficiency measures.
NRDC fought to ensure that any energy legislation clearing the General Assembly this year would contain a strong mandate for energy efficiency. Not surprisingly, most of the media attention to this issue has centered on the $2.5 billion in smart grid and infrastructure investment. Accordingly, today’s post is mostly to serve as a reminder that the efficiency component of the legislation that passed will create significant benefits for Illinois households and for the environment.
As I wrote in August t he legislation contained a provision allowing for the expansion of Illinois’s successful energy efficiency portfolio standard . The expanded energy efficiency policy is designed to ensure that all of the potential for cost-effective savings in the residential market is captured, either by the utility programs which provide customers with incentives to replace lighting, appliances, motors and other equipment, or by third parties who will have an opportunity to bid provide those same energy efficiency services.
Source: Natural Resources Defense Council (blog)
High Demand Stocks Buzzing Today's Trading Screens
31.12.69
General Electric Company ( NYSE:GE ): Shares of General Electric Company are trading
higher 2% today. Despite all the negative buzz surrounding the solar industry, GE announced plans to build a $600M facility in Colorado to manufacture thin-film solar panels, with commercial products shipping in 2013. General Electric Company is a diversified technology, media and financial services company. The Company offers products and services ranging from aircraft engines, power generation, and water processing technology to medical imaging, business and consumer financing, media content and industrial products. General Electric conducts operations globally.
Sirius XM Radio Inc. ( NASDAQ:SIRI ): Shares of Sirius XM Radio Inc. are trading
higher over 3% today. The technology sector is feeling the rising wave of the positive Google quarterly results issued yesterday evening. Sirius XM Radio Inc. broadcasts various
Source: Wall St. Cheat Sheet