Peter Sinclair writes at Climate Denial Crock of the Week:
I’m shouting this wherever I go. There is a revolution in energy production technology happening right now – it will be as disruptive to the utility industry as the internet has been to the communication industry. If states, utilities, and regulators don’t develop coherent strategies very soon to cope with unprecedented change, we are going to see a major economic train wreck within the decade over much of the country.
For years, power companies have watched warily as solar panels have sprouted across the nation’s rooftops. Now, in almost panicked tones, they are fighting hard to slow the spread.
Alarmed by what they say has become an existential threat to their business, utility companies are moving to roll back government incentives aimed at promoting solar energy and other renewable sources of power. At stake, the companies say, is nothing less than the future of the American electricity industry.