• 74% of new electricity
came from solar in Q1
• Utilities’ photovoltaic
solar capacity grew
171% between Q1
2013 and Q1 2014
• Total solar capacity is
expected to grow 39%
year over year for 2014
Only 0.23% of total electricity came from solar in 2013.
• Offshore wind can power our nation -- four times
• On March 26, wind power provided 29% of Texas’
total electricity load
• General Electric (NYSE: GE) cited wind turbines as
one of its fastest-growing businesses for 2013
Only 4.13% of total electricity came from solar in 2013.
• Natural gas-generated electricity soared 59% between 2003 and 2013.
• In 2007 (and every year since), natural gas-generated electricity
surpassed nuclear-generated electricity.
Just 27% of total electricity came from natural gas in 2013.
• Despite increasingly stringent environmental
regulations, coal continues to hang on as our
nation’s largest electricity source.
• 39% of our electricity begins
its life as a lump of coal.
Despite regulatory expenses, coal is still cheap:
And for utilities that produce power close to its sources (Midwest
and Appalachia), coal remains an essential piece of their energy
FirstEnergy (NYSE: FE) generates 57% of its
electricity from coal.
And to help keep regulatory costs low, it’s scrubbing
the majority of its coal to keep Uncle Sam satisfied.
fired power plants in
Ohio, West Virginia,
and Pennsylvania are
well positioned to
American Electric Power (NYSE: AEP) relies on coal
for a similarly large 60% of its 38,000 MW of
AEP’s 600 MW Arkansas coal-
fired power plant uses new
combustion technology to
reduce emissions and increase
AEP had previously announced that it estimated its
coal dependency to drop to 46% of its generation
portfolio in 2020.
But in April, the utility revised that number back up
to 51%, potentially because of both natural gas
price increases and AEP’s new coal technology
The future of coal is still far from clear.
But like it or not, it remains an integral part of our
And as long as it makes the most economic sense
for companies such as FirstEnergy and AEP to keep
pulling power from coal, they’ll keep doing exactly
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