Ver Beek also highlighted that almost all U.S. utilities operate under a “cost of service” regulatory model that rewards them with guaranteed rates of profit on the money they invest in power plants.
In 2024, the U.S. has become more reliant on fossil fuels for electricity generation than China, largely due to a significant increase in natural gas use amid soaring demand.
Renewable Ravenswood is essential to New York reaching its nation-leading climate goals set by Governor Kathy Hochul and the Climate Leadership and Community Protection Act: 70% renewable energy ...