Exelon

Party Time for Corporations Who Love the Regulatory Favoritism Game

Obama InvescoPresident Obama’s speech last week that re-emphasized his commitment to reduce US carbon dioxide emissions brought dismay to those who appreciate affordable energy, but it sparked a celebration among corporate types who have long sought caps and taxes on CO2.

While it was still more words from the president, which don’t always match his actions, on CO2 limitation he has largely kept his promise to environmentalists. Critics slammed his plan to bypass Congress and to task the Environmental Protection Agency to curb emissions via executive order, but EPA has operated out of bounds since he was inaugurated in 2009 – especially with the “war against coal” that is now universally accepted as true.

NY Times Discovers Obama's Favorite Utility

John Rowe photoAttentive NLPC readers were aware of the extent of Exelon Corporation’s activism to gain regulatory favor in support of “green” policies in which it reaped millions of dollars in government grants and mandates, but last week’s lengthy New York Times article about the cronyism-tainted relationship between the Chicago-based utility and the Obama administration revealed a few nuggets.

The story told how Exelon, with top executives as “early and frequent” supporters of the president as his political career ascended, were able to gain more access to the White House than others thanks to their longstanding relationships. According to one Exelon lobbyist, his employer was considered “the president’s utility.”

Green Tech Doesn't Need Taxpayer 'Investment'

Google logoPresident Obama said in his State of the Union speech last month that he would not “walk away from the promise of clean energy,” and according to a Politico report, he “doubled-down” on the promise by highlighting (more) commitments to federal grants and incentives for wind energy, solar power and natural gas vehicles in quasi-campaign speeches out West.

Taxpayers Take Hit as Solar Industry Implodes

First Solar Logo

In a year where Solyndra became the face of the solar industry’s chronic failures, even the holiday season could not prevent one last flurry of layoffs in 2011.

The Mountain Enterprise (based in Frazier Park, Calif.) reported over the weekend that First Solar, Inc. – which the media sometimes identifies as the largest solar company in the world – laid off half its employees on Friday at its Antelope Valley Solar Ranch One project. The facility has been the subject of controversy in the local community over the effects it will have on land use, wildlife, and water usage.

Exelon CEO Seeks Profits From Climate Regulations

John Rowe photoNLPC has piled pixels in reporting the crony capitalism and gaming of government regulations by Duke Energy CEO James Rogers, who has favored a political engagement approach to the conduct of business rather than the delivery of services to consumers at affordable prices. That’s how the electricity business works: when you have monopoly control and are guaranteed a profit by your regulators, then you don’t have to worry about besting your competition to earn your customers.

GE, Duke Energy, Exelon Can’t Quit Their Self-Serving ‘Green’ Politics

grassy dollar signU.S. Climate Action Partnership members General Electric and utilities Duke Energy and Exelon Corporation are addicted to the politics of gaming environmental regulatory policy so they can make millions off mandates and subsidies, often at the expense to taxpayers and their own customers.

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