Dec 7, 2018

Electricity suppliers bringing more transparency to renewable energy

Wind turbines in Colorado City, Texas. Photo: Spencer Platt/Getty Images

U.S. businesses have started to accelerate reductions in their carbon footprints — a major change from just a few years ago, when only early adopters had drafted sustainability goals. Today, thousands of companies are seeking carbon-free energy sources, with more than 150 firms pledging to transition to 100% renewable energy.

The big picture: Renewable energy certificates (RECs) — which track renewable energy from the point of generation — have been crucial in driving this shift. Increasingly, electricity suppliers are offering ways for businesses to get their power from specific projects or sources, bringing transparency to renewable energy use.

How it works: Led by Apple and Google, big corporations have moved beyond REC procurements to virtual power purchase agreements (VPPAs), which support the development of large-scale, off-site renewable energy projects.

  • For all their positives, VPPAs are complicated financial transactions and their price volatility poses risks. (Companies pay an agreed-upon fixed price, but depending on the actual cost of energy over time, could end up paying more than market price.)

What's new: Electricity suppliers are now letting companies choose offsite renewable power sources and combine energy purchases with RECs, broadening the market.

  • Companies are able to procure more renewable energy at a lower cost, expanding the amount of renewable supply on the grid. They can oversee their green energy options the same way they’ve managed their standard electric supply.

Broadening sustainability efforts to include all zero-carbon sources, such as nuclear energy, is another way companies are meeting their environmental goals when space or capital are unavailable for on-site renewables.

  • New emission-free energy certificates are like RECs but for non-renewable sources that do not emit greenhouse gases.

The bottom line: Electricity suppliers are responding to growing customer demand for clean energy by offering simpler products that let businesses source power from specific offsite renewable projects and other zero-carbon sources.

Jim McHugh is the CEO of Constellation, an Exelon company.

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Trump says he will campaign against Lisa Murkowski after her support for Mattis

Trump with Barr and Meadows outside St. John's Episcopal church in Washington, D.C. on June 1. Photo: Brendan Smialowski/AFP via Getty Images

President Trump tweeted on Thursday that he would endorse "any candidate" with a pulse who runs against Sen. Lisa Murkowski (R-Alaska).

Driving the news: Murkowski said on Thursday that she supported former defense secretary James Mattis' condemnation of Trump over his response to protests in the wake of George Floyd's killing. She described Mattis' statement as "true, honest, necessary and overdue," Politico's Andrew Desiderio reports.

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Trump visits Mattis and the Pentagon in 2018. Photo: Brendan Smialowski/AFP via Getty

Over the course of just a few hours, President Trump was rebuffed by the Secretary of Defense over his call for troops in the streets and accused by James Mattis, his former Pentagon chief, of trampling the Constitution for political gain.

Why it matters: Current and former leaders of the U.S. military are drawing a line over Trump's demand for a militarized response to the protests and unrest that have swept the country over the killing of George Floyd by police.

New York Times says Tom Cotton op-ed did not meet standards

Photo: Avalon/Universal Images Group via Getty Images)

A New York Times spokesperson said in a statement Thursday that the paper will be changing its editorial board processes after a Wednesday op-ed by Sen. Tom Cotton (R-Ark.), which called for President Trump to "send in the troops" in order to quell violent protests, failed to meet its standards.

Why it matters: The shift comes after Times employees began a coordinated movement on social media on Wednesday and Thursday that argued that publishing the op-ed put black staff in danger. Cotton wrote that Trump should invoke the Insurrection Act in order to deploy the U.S. military against rioters that have overwhelmed police forces in cities across the country.