Power use drops in the United States
Utility companies rely on an annual growth of about 1 percent to 2 percent in electricity consumption for their businesses. However, recent trends have shown a decrease, the Virginian-Pilot reported.
Decreasing consumption could change how utilities operate and their plans for the future.
Utilities are expected to invest $1.5 trillion to $2 trillion by 2030 to modernize their systems and meet future demand, according to an industry-funded study by the Brattle Group. If electricity demand continues to decline, however, utilities would be forced to make significant adjustments in their investment plans or build too much capacity.
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Florida Court Blocks Push to Break Electricity Monopolies
MIAMI - Florida’s top court ruled against a proposed constitutional amendment that would have allowed customers to pick their electricity provider, threatening monopolies held by NextEra Energy Inc. and Duke Energy Corp.
In a ruling Thursday, the court said the petition’s language is “misleading” and doesn’t comply with requirements to be included on the 2020 ballot. The measure’s sponsor, Citizens for Energy Choice, said the move ends the initiative.
“While we were confident in our plan to gather the remaining signatures required, we cannot overcome this last obstacle,” the group’s chair, Alex Patton, said in a statement.
The proposed measure was one of…
