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|Articles - June 2013|
|Tuesday, May 28, 2013|
Page 3 of 6
Utilities: The conservation solution
In 2010 more than 120,000 Oregon electric customers chose to pay a little extra on their power bills to support renewable energy. Only Texas, with more than six times the population, signed up more people for so-called green pricing, according to the U.S. Energy Information Administration. When it comes to cutting carbon and conserving power, Oregon’s electric customers put their money where their mouth is. Governor Kitzhaber’s 10-year Energy Action Plan aims to offset all electrical load growth with conservation, and so far Oregon is on track. That’s thanks in part to laws dating back to 1999 requiring the state’s largest utilities to divert about 5% of revenues to conservation. The Energy Trust of Oregon uses those funds to incentivize weatherization, small-scale renewable power and the purchase of efficient appliances. Since 2002 those efforts have saved 368 megawatts, helping Oregon reduce electricity consumption even as its population grew.
“We’re buying energy through efficiency at 2.5 cents a kilowatt hour, a third of the cost for electricity and less than two-thirds the cost for natural gas,” says Margie Harris, Energy Trust’s executive director. “So we’re getting a very fine deal.”
Additionally, Clean Energy Works Oregon has given homeowners $2.7 million in rebates for about 2,400 residential energy upgrades since 2011. The nonprofit is bringing down energy use in 19 counties by leveraging $20 million in federal stimulus funding.
Oregon also aims to cut the environmental impact of its utilities through renewable portfolio standards. By generating or acquiring electricity from renewable sources equivalent to 16.9% of its Oregon load in 2011, Portland General Electric blew past its 5% RPS target for that year, according to the state’s Public Utility Commission. So did Pacific Power, with 13.5% green generation.
The electricity market is not confined to state borders, though. About 80% of the electricity generated in Oregon comes from hydro plants and other renewable sources, but much of that clean power is exported to utilities meeting renewable portfolio standards in other states. For example, Southern California Edison purchases all the power generated by the 845-megawatt Shepherds Flats wind-energy project in eastern Oregon.
According to the Oregon Department of Energy, 35.5% of the power Oregonians use still comes from coal, and another 16.2% comes from natural gas. Oregon’s renewable portfolio standard will eventually bring those percentages down as the state aims to consume 25% of its power from renewable sources by 2025. But in doing so, it will likely face competition for green energy from other Western states with similar targets.
Tuesday, August 18, 2015
BY JASON NORRIS | CFA
Earlier this month, the People’s Bank of China (PBoC) announced they were going to devalue their currency, the Renminbi. While the amount of the targeted change was to be roughly 2 percent, investors read a lot more into the move. The Renminbi had been gradually appreciating against the U.S. dollar (see chart) as to attempt to alleviate concerns of being labeled a currency manipulator.
Thursday, August 20, 2015
BY JACOB PALMER
Ask any college student: Textbook prices have skyrocketed out of control. Online education startup Lumen Learning aims to bring them down to earth.
Monday, July 13, 2015
BY KIM MOORE | PHOTOS BY JASON E. KAPLAN
A New York floral and gift business takes on the iconic Harry & David brand.
Wednesday, August 19, 2015
BY BRIAN LIBBY
Ben Kaiser holds his ground.
Friday, July 10, 2015
BY GREGG MORRIS
Rita Hansen aims to scale natural gas vehicle innovation.
Wednesday, August 26, 2015
BY KIM MOORE AND LINDA BAKER
Child care in Oregon is expensive and hard to find. We delved into the numbers and talked to a few executives and managers about day care costs, accessibility and work-life balance.
Wednesday, August 19, 2015
BY LINDA BAKER
In 2010 Vanessa Keitges and several investors purchased Portland-based Columbia Green Technologies, a green-roof company. The 13-person firm has a 200% annual growth rate, exports 30% of its product to Canada and received its first infusion of venture capital in 2014 from Yaletown Venture Partners. CEO Keitges, 40, a Southern Oregon native who serves on President Obama’s Export Council, talks about market innovation, scaling small business and why Oregon is falling behind in green-roof construction.
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Yesterday, a divided National Labor Relations Board dropped another hammer on the employer community. In a long-awaited and much debated move, the Board jettisoned the decades old standard for determining when two independent businesses should be considered joint employers of an individual worker for collective bargaining purposes.
Transforming the culture of Oregon’s educational leadership.
The Board dismissed a petition related to efforts to unionize the Northwestern University football team.
The Oregon Entrepreneurs Network (OEN) is pleased to announce 16 finalists — from over 60 nominees — for the 2015 OEN Tom Holce Entrepreneurship Awards.
Oregon Sick Leave is here, and changes to the federal white-collar worker regulations are on the way. This workshop will prepare you for both. We invite you to participate in an interactive discussion on how to start planning now for the future impact on your operations and finances.
Presented by OEN + CENTRL + YESpdx.