Exelon

NY Times Discovers Obama's Favorite Utility

Submitted by Paul Chesser on Thu, 08/30/2012 - 10:30

John Rowe photo Attentive 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.”

First Solar's Crony Socialism is a Big Failure

Submitted by Paul Chesser on Thu, 06/07/2012 - 07:33

Renewable-loving Los Angeles is showing that even the power of billions of dollars in taxpayer “stimulus” cannot overcome the dominant hand of government regulation, and ironically it’s costing President Obama more green jobs.

Green Tech Doesn't Need Taxpayer 'Investment'

Submitted by Paul Chesser on Mon, 02/06/2012 - 09:27

Google logo President 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

Submitted by Paul Chesser on Wed, 01/04/2012 - 09:48

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

Submitted by Paul Chesser on Tue, 11/22/2011 - 15:00

John Rowe photo NLPC 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

Submitted by Paul Chesser on Mon, 08/22/2011 - 11:15

grassy dollar sign U.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.