"irreparable damages to revenues/growth prospects of utilities?" I may fuckin' cry; but probably not

[kpete]

Duke Energy CEO Jim Rogers said, 'If the cost of solar panels keeps coming down, installation costs come down and if they combine solar with battery technology and a power management system, then we have someone just using (the grid) for backup.' What happens if a whole bunch of customers start generating their own power and using the grid merely as backup? The EEI report warns of 'irreparable damages to revenues and growth prospects' of utilities.

http://grist.org/climate-energy/solar-panels-could-destroy-u-s-utilities-according-to-u-s-utilities/
http://avedoncarol.blogspot.com/2013/05/i-think-youll-understand.html

[Ruby the Liberal]

1. The 'backup' grid will then become very, very expensive to use...

[Turbineguy]

2. Yeah dude,

we all want to be like North Koreans.

[supernova]

3. Oh, Boo Hoo!

Someone call him a Whaaaaambulance!



I intend in the next five years or so to go solar. Duke Energy can suck it!

[Katashi_itto]

4. Help the Solar industry, Damage Electitic Utlitlies Buy Solar Stocks

Why Solar Capital Is a Top 10 Financial Stock With 10.15% Yield

Solar Capital Limited (NASD: SLRC) has been named as a Top 10 dividend-paying financial stock, according to Dividend Channel, which published its most recent ”DividendRank” report. The report noted that among shares of financial companies, SLRC displayed both attractive valuation metrics and strong profitability metrics. For example, the recent SLRC share price of $23.66 represents a price-to-book ratio of 1.0 and an annual dividend yield of 10.15% — by comparison, the average stock in Dividend Channel’s coverage universe yields 3.8% and trades at a price-to-book ratio of 2.1. The report also cited the strong quarterly dividend history at Solar Capital Limited, and favorable long-term multi-year growth rates in key fundamental data point



http://www.forbes.com/fdc/welcome_mjx.shtml

[hobbit709]

5. I bet the kerosene lamp people were upset with the light bulb too.

[Yo_Mama]

6. But if solar users are dependent upon the grid

they will need to pay for it.

These are required disclosures, and attempts to frame this as some sort of vast utility conspiracy are completely clueless.

Anybody using grid-tied solar is in fact highly dependent on the grid to keep their electricity on. If laws are structured so they do not pay for that resource, then everyone else is going to be paying a continually increasing rate (because they are paying their share of the costs plus the cost for service to the grid-tied customers), which will increase solar installations.

The only real issue is that as we go to more solar installations, we will have to have a new way of allocating grid costs to customers. Big deal.

[elehhhhna]

7. horse carriage maker decries newfangled "automobile"

[MineralMan]

8. Public utilities should be publicly owned.

That's my opinion.

[onethatcares]

9. screw duke energy

they just became our monopoly of no choice here in west coast Floriduh. Their prior buddies that they bought out have been charging we rate payers for a nuke plant that will never be built along with a botched repair job on their current POS crystal river plant. And......
.................................................they decided they didn't have to pay their fair share of taxes to Levy county giving those folks a great big bendover when it comes to the schools and infrastructure there.

Here we are in the "SUNSHINE" state and we can't get a break on solar.

[Half-Century Man]

10. Seen Europe lately?

The landscape is dotted with millions of solar panels and wind turbines on homes. South America, Africa and Asia have large numbers of passive household energy generation devices. Have to wonder why a phenomenon so prevalent globally, is conspicuous in it's absence here.

[silverweb]

11. GOOD!

[font color="navy" face="Verdana"]It's well past time corporate profits started taking the brunt.

So get honest and do what you and your ilk tell the ordinary people of the world: Adapt or die.

[bvar22]

12. That is the same reason WHY we do't have a Publicly Owned National Health Insurance Program...

... because THAT would do "irreparable damages" to the For Profit Health Insurance Industry.

Our government works FOR the 1%.