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The San Diego energy company doubling down on fossil fuels latimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from latimes.com Daily Mail and Mail on Sunday newspapers.
Print This is the May 13, 2021, edition of Boiling Point, a weekly newsletter about climate change and the environment in California and the American West. Sign up here to get it in your inbox. Unless you’re an energy nerd like me, you probably don’t spend much time thinking about how utilities spend the money you pay them each month. You used a bunch of electricity or natural gas, and that’s what you’re getting charged for. Right? Not quite! In addition to fuel costs, you’re also paying for repairs to old power plants, construction of electric wires and gas pipes, subsidies for energy-saving lightbulbs, discounts for low-income households, shareholder profit margins of about 10%. ....
Advertisement The demolition capped off another tumultuous year for coal power. The industry helped build the modern West, but it’s collapsing as utility companies turn to natural gas, solar panels and wind turbines for lower-cost electricity, and as voters demand cleaner energy to reduce air pollution and confront the climate crisis. New Mexico’s Escalante Generating Station produced its final coal-fired electrons in August, and Portland General Electric shut down Oregon’s last coal plant in October. Those facilities will be joined in retirement in the next few days by one of two units at Washington’s Centralia coal plant and one of four units at Arizona’s Cholla coal plant. PacifiCorp, a subsidiary of Warren Buffett’s Berkshire Hathaway empire, expects its Cholla unit to come offline around noon today, Christmas Eve. ....