Conference: Energy Transition Moving Too Fast

SUGAR LAND, TEXAS--October 6, 2022--Written by John Egan for Industrial Info Resources (Sugar Land, Texas)--Federal efforts to decarbonize the Electric Power industry need to slow down so that all of the pieces of this enormous undertaking can be aligned without making electric service unaffordable, according to speakers at an industry conference in Denver on October 4.

Four industry executives spoke at the Experience POWER event, organized by Access Intelligence LLC (Rockville, Maryland), and all bemoaned not only the rapid pace of decarbonization efforts by the Biden administration but also the lack of an integrated plan to ensure alignment between all segments of the industry while also attending to longstanding environmental justice shortfalls.

"We want to be the 'Just Say Yes' guys, not the 'Just Say No' guys, but we're in unchartered territory," Duane Highley, chief executive of Tri-State Generation & Transmission Association (Tri-State) (Westminster, Colorado), an electric cooperative that generates and transmits wholesale power to 42 member cooperatives in Colorado, Nebraska, Wyoming and New Mexico.

Companies featured: Caterpillar Incorporated (NYSE:CAT)