Log in
Lost password
Become a member for free
Sign up
Sign up
Dynamic quotes 

4-Traders Homepage  >  Shares  >  Nyse  >  American Electric Power Company Inc    AEP

News SummaryMost relevantAll newsSector news 
The feature you requested does not exist. However, we suggest the following feature:

Duke Energy : Often in the shadows, 12 special interests wage aggressive anti-solar campaigns

10/09/2015 | 12:01am US/Eastern

The Koch brothers, Duke Energy, and Arizona Public Service are among 12 special interest groups waging aggressive anti-solar campaigns across the country, often coordinated and behind the scenes, a new Environment America Research & Policy Center report said today.

While American solar power has increased four-fold since 2010, state by state, utilities and powerful industry front groups have begun chipping away at key policies that helped spur this solar boom, according to the analysis, Blocking the Sun: 12 Utilities and Fossil Fuel Interests That Are Undermining American Solar Power.

“Fossil-fuel interests and their allies have been using the same playbook to undermine solar power across the country,” said Bret Fanshaw, the solar program coordinator for Environment America. “And they've largely been operating in the shadows.”

The playbook: a national network of utility interest groups and fossil fuel industry-funded think tanks provides funding, model legislation and political cover for anti-solar campaigns. The report examines five of these major national players -- Edison Electric Institute, American Legislative Exchange Council, the Koch brothers and their front group Americans for Prosperity, the Heartland Institute, and the Consumer Energy Alliance.

Then, in state after state, electric utilities use the support provided by these national anti-solar interests, supplemented by their own ample resources, to attack key solar energy policies. The report features seven utilities -- Arizona Public Service, Duke Energy, American Electric Power, Berkshire Hathaway Industries, Salt River Project, FirstEnergy, and We Energies.

“We found that most attacks on solar energy happen behind closed doors in utility agencies, or in dense regulatory filings -- away from public view," said Gideon Weissman of the Frontier Group, co-author of the report. “That's probably because they're aimed at very popular policies that give regular consumers the chance to go solar.”

Charles and David Koch have an enormous financial stake in the fossil fuel industry through their company Koch Industries and its many subsidiaries. Koch Industries alone operates around 4,000 miles of pipeline, along with oil refineries in Alaska, Minnesota, and Texas.

Through its front group Americans for Prosperity and funding to other like-minded entities, the Koch brothers have attacked solar laws in several states including Florida, Georgia, Kansas, North Carolina, Arizona, Minnesota, Ohio, South Carolina, and Washington state.

Utilities like Arizona Public Service augment resources from interests like the Kochs to forward an anti-solar agenda. APS admitted to funding anti-solar ads by 60 plus, a national Koch-backed front group that purports to represent seniors, and it has been accused of improper influence with the Arizona Corporation Commission.

“I've seen first-hand how some energy monopolies have used money in campaigns to intimidate and manipulate policy makers and elected officials,” said Rep. Ken Clark, a state representative from Arizona who has pushed APS to disclose its political spending. “Aside from the question of renewable energy, this activity has become a threat to our electoral system.”

APS's latest stealth move against solar has been to withdraw its request to raise fees on solar owners until the commission completes a study that would only examine costs, and not benefits, of the resource.

In Florida, where solar capacity is far beneath its potential, Koch-backed Americans for Prosperity and Duke Energy, the largest utility in the U.S., have teamed up to block pro-solar policies. Duke Energy spent heavily to help re-elect Gov. Rick Scott, who campaigned against a state renewable electricity standard. AFP has mobilized its members and waged an aggressive ad campaign against a ballot initiative to expand rooftop solar by allowing third-party sales of panels. Duke Energy has also contributed to that effort.

The anti-solar coalition Consumers for Smart Solar, backed by AFP, Duke Energy, and others, has now put forward a competing ballot measure in Florida to undermine the rooftop solar amendment and is spreading misinformation about both measures.

“By wide margins, Americans support pro-solar policies,” said Fanshaw. “That's why fossil fuel interests and their front groups have resorted to shady and deceptive tactics to undermine them. Ultimately it's up to state leaders to reject these attacks and support a clean energy future.”

(c) 2015 PANAPRESS. All rights reserved. Provided by SyndiGate Media Inc. (Syndigate.info)., source Middle East & North African Newspapers

React to this article
10/09 DUKE ENERGY : Often in the shadows, 12 special interests wage aggressive anti-so..
10/09 DUKE ENERGY : Often in the shadows, 12 special interests wage aggressive anti-so..
10/08 AMERICAN ELECTRIC POWER : AEP Honored As Adoption-Friendly Workplace for Ninth T..
10/06 AMERICAN ELECTRIC POWER : AEP Honored As Adoption-Friendly Workplace For Ninth T..
10/05 AMERICAN ELECTRIC POWER : Pro/Con: Should power lines be buried?
10/02 AMERICAN ELECTRIC POWER : Chesterfield-based barge company is sold for $550 mill..
10/01 AMERICAN ELECTRIC POWER : AEP To Sell AEP River Operations To American Commercia..
10/01 AMERICAN ELECTRIC POWER : Commercial Lines to Acquire AEP River Operations
10/01DJEPA Sets Stricter Limit on Ozone
09/28 AMERICAN ELECTRIC POWER : Live Webcast Scheduled of Panel Presentation Featuring..
Duration : Period :
American Electric Power Co Technical Analysis Chart | AEP | US0255371017 | 4-Traders
Income Statement Evolution
More Financials