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FirstEnergy CEO: Renewables 'Sound Good' but Should Take Backseat to Coal http://apocadocs.com/s.pl?1397226036
FirstEnergy CEO Anthony Alexander traveled to Washington, D.C. this week to speak in front of the U.S. Chamber of Commerce about the challenges his utility is facing.
With electricity use flatlining and renewable energy eroding margins for traditional generators, Alexander was not there to call for more regulatory flexibility to help the utility industry embrace these technologies.
Instead, he called for a renewed focus on fossil fuels.
"We need to develop a national energy plan that will allow us to take advantage of our vast supply of domestically produced resources -- both coal and natural gas -- and our superior electric system to stimulate and support our economy," he said in prepared statements.
Strong promotion of renewables, said Alexander, is a threat to the electric system.
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'Doc Michael says:
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Sounds like he's putting his business "first" and everything else a distant second.
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