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U.S. States Turn Against Renewable Energy as Gas Plunges http://apocadocs.com/s.pl?1366747994
More than half the U.S. states with laws requiring utilities to buy renewable energy are considering ways to pare back those mandates after a plunge in natural gas prices brought on by technology that boosted supply. Sixteen of the 29 states with renewable portfolio standards are considering legislation that would reduce the need for wind and solar power, according to researchers backed by the U.S. Energy Department. North Carolina lawmakers may be among the first to move, followed by Colorado and Connecticut.
The efforts could benefit U.S. utilities such as Duke Energy Corp (DUK). and PG&E Corp (PCG). as well as Exxon Mobil Corp (XOM)., the biggest U.S. oil producer, and Peabody Energy Corp (BTU)., the largest U.S. coal mining company.
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