New York Sues Exxon Mobil, Saying It Deceived Shareholders on Climate Change
Investigations of over 3 years held by New York’s attorney general resulted in the suing of Exxon Mobil. They believe the company schemed to deceive investors, analysts, and underwriters “by downplaying the expected risks of climate change to it’s business”. The suit claims Exxon defrauded shareholders by misleading them to believe the company took into consideration the effects of future climate regulations. The NY attorney general demands Exxon make restitution to investors and return the money it made off the alleged fraud.
Realgy Energy Services is a registered Retail Energy Marketer in the states of Illinois, Michigan, Indiana and Ohio. We offer Service Plans that will provide electric and natural gas at wholesale pricing direct to customers without any utility markup. Our Service Plans work with the local utility to provide seamless service and annual energy savings. Service Plans include Guaranteed SavingsTM, ManagedPriceTM, ManagedGreenTM Index, Fixed and PriceAssuranceTM.
Realgy owns and operates 7 solar plants in Illinois and is looking to invest in additional locations.
Additional Information:
https://www.nytimes.com/2018/10/24/climate/exxon-lawsuit-climate-change.html?smtyp=cur&smid=tw-nytclimate
DOE EIA Weekly Gas Storage Report
Working gas in storage was 3,143 Bcf as of Friday, October 26, 2018, according to EIA estimates.
This represents a net increase of 48 Bcf from the previous week. Stocks were 623 Bcf less than last year at this time and 638 Bcf below the five-year average of 3,781 Bcf. At 3,143 Bcf, total working gas is below the five-year historical range.
Tesla Solar Roof production to ramp up
Orders have been placed for Tesla’s Solar Roof since May 2017. Appearing as a traditional roof, the glass tiles will generate electricity with embedded solar cells. Ensuring an inexpensive product that will last 30 years and have an efficient installation process requires considerable engineering. Tesla’s CEO, Elon Musk is hoping to put these on the map and begin fulfilling orders next year.
Realgy Energy Services is a registered Retail Energy Marketer in the states of Illinois, Michigan, Indiana and Ohio. We offer Service Plans that will provide electric and natural gas at wholesale pricing direct to customers without any utility markup. Our Service Plans work with the local utility to provide seamless service and annual energy savings. Service Plans include Guaranteed SavingsTM, ManagedPriceTM, ManagedGreenTM Index, Fixed and PriceAssuranceTM.
Realgy owns and operates 7 solar plants in Illinois and is looking to invest in additional locations.
Additional Information:
https://www.cnet.com/news/tesla-solar-roof-production-to-ramp-up-in-2019-says-elon-musk/
ComEd spent $2.6 Billion; have you noticed any improvement?
Back in 2011, storms knocked out power to over 2.8 million ComEd customers. The average time to recover from the outage was 366 minutes.
Since then, ComEd spent over $2.6 Billion on its SmartGrid, an effort to bolster the resilience of the grid and its ability to recover from an outage.
Has it worked?
From 2012 through 2017, 19 storms have caused outages. The time to recover was 116 minutes.
To save 250 minutes of outage time, ComEd spent $10.4 million per minute. Yes, $10,400,000/minute.
ComEd is a monopoly, regulated by the Illinois Commerce Commission (ICC), which is entitled to recover expenditures that are prudently incurred to provide the essential service of electricity. Approved expenditures, like the SmartGrid, earn money because it was approved by the legislators (not the ICC) BEFORE it was even used. A utility like ComEd earns a guaranteed rate of return on money spent and approved.
No one likes to sit in the dark but, the saving of roughly 2 hours-per-outage recovery for $10.4 million is not prudent or cost effective, except to earn ComEd money.
Realgy Energy Services is a registered Retail Energy Marketer in the states of Illinois, Michigan, Indiana and Ohio. We offer Service Plans that will provide electric and natural gas at wholesale pricing direct to customers without any utility markup. Our Service Plans work with the local utility to provide seamless service and annual energy savings. Service Plans include Guaranteed SavingsTM, ManagedPriceTM, ManagedGreenTM Index, Fixed and PriceAssuranceTM.
Realgy owns and operates 7 solar plants in Illinois and is looking to invest in additional locations.
Additional Information:
https://www.chicagobusiness.com/utilities/what-have-you-been-getting-all-your-comed-rate-hikes
Winter 2018-2019 forecast includes El Niño …here’s what to expect
Forecasts have been pending; will the weather condition that warms the eastern Pacific show up? ….the answer is yes. Welcome to El Niño.
El Niño means a couple of things for our weather outlook:
- Midwest will be normal to slightly warmer
- Midwest will be drier than normal
The northwest and upper northeast will be warmer while the southeast and southwest will be wetter.
Remember, normal is defined as the average condition over 20 years… it doesn’t represent any 1 winter but, the average of 20 winters.
To better understand Normal check out http://realgyenergyservices.com/request-for-service/weather-normalization/
Realgy Energy Services is a registered Retail Energy Marketer in the states of Illinois, Michigan, Indiana and Ohio. We offer Service Plans that will provide electric and natural gas at wholesale pricing direct to customers without any utility markup. Our Service Plans work with the local utility to provide seamless service and annual energy savings. Service Plans include Guaranteed SavingsTM, ManagedPriceTM, ManagedGreenTM Index, Fixed and PriceAssuranceTM.
Realgy owns and operates 7 solar plants in Illinois and is looking to invest in additional locations.
Additional Information:
https://www.msn.com/en-us/weather/topstories/el-niño-looks-imminent—heres-what-that-means-for-you/ar-BBOBif0?ocid=spartanntp
DTE breaks ground on St. Clair Co. power plant
Replacing 3 old coal-fired plants with a more efficient power plant is the option DTE has pushed for. They believe Blue Water Energy Center will be 70% cleaner and 40% more efficient than the combined 3 plants they are retiring. DTE plans to reduce their carbon emissions 80% by 2050 and will continue to invest in their renewable energy efforts including 2 new wind farms. Despite the criticism from environmental groups, DTE believes reliability is of the utmost importance for their customers. The plant will provide that to the state along with continuing employment and stability for families statewide.
Realgy Energy Services is a registered Retail Energy Marketer in the states of Illinois, Michigan, Indiana and Ohio. We offer Service Plans that will provide electric and natural gas at wholesale pricing direct to customers without any utility markup. Our Service Plans work with the local utility to provide seamless service and annual energy savings. Service Plans include Guaranteed SavingsTM, ManagedPriceTM, ManagedGreenTM Index, Fixed and PriceAssuranceTM.
Realgy owns and operates 7 solar plants in Illinois and is looking to invest in additional locations.
Additional information:
https://www.detroitnews.com/story/business/2018/08/21/dte-st-clair-county-natural-gas-powered-electric-plant/976303002/
MidAmerican Energy Announces Two New Adair County Wind Farms
MidAmerican Energy Company (MEC) has invested in Adair County, Iowa wind farms in hopes to achieve their vision of 100% renewable energy. The wind turbines will add 550 megawatts of wind generation capacity; enough energy to power 230,000+ average Iowa homes. MEC anticipates this renewable generation will help energize the state’s economy by creating jobs, paying towards taxes, and attracting new businesses to the area.
Realgy Energy Services is a registered Retail Energy Marketer in the states of Illinois, Michigan, Indiana and Ohio. We offer Service Plans that will provide electric and natural gas at wholesale pricing direct to customers without any utility markup. Our Service Plans work with the local utility to provide seamless service and annual energy savings. Service Plans include Guaranteed SavingsTM, ManagedPriceTM, ManagedGreenTM Index, Fixed and PriceAssuranceTM.
Realgy owns and operates 7 solar plants in Illinois and is looking to invest in additional locations.
Additional information:
https://www.midamericanenergy.com/news-article.aspx?story=853
DOE EIA Weekly Gas Storage Report
Working gas in storage was 2,956 Bcf as of Friday, October 5, 2018, according to EIA estimates.
This represents a net increase of 90 Bcf from the previous week. Stocks were 627 Bcf less than last year at this time and 607 Bcf below the five-year average of 3,563 Bcf. At 2,956 Bcf, total working gas is below the five-year historical range.
US Solar Tariff Impact
It’s been about a year since Trump enacted a 30% tariff on solar imports to the US. Although it is set to last 4 years, each year is planned to decrease by 5%; in 2021 the tariff will be 15%. Hopes to benefit domestic manufacturers and residential solar projects are among the expected advantages. However, the high rate caused large scale developers to pause or cancel planned projects of $2.5 billion. This hold on utility scale arrays could dent advances the US made using these renewable sources. Research also shows the average consumer had a price increase for a standard system. Preceding the tariff’s implementation, costs had been falling. They are again decreasing but, at a lower rate. Ideally, the hope is to get back on track to at least the rate of decline prior to the tariff.
Realgy Energy Services is a registered Retail Energy Marketer in the states of Illinois, Michigan, Indiana and Ohio. We offer Service Plans that will provide electric and natural gas at wholesale pricing direct to customers without any utility markup. Our Service Plans work with the local utility to provide seamless service and annual energy savings. Service Plans include Guaranteed SavingsTM, ManagedPriceTM, ManagedGreenTM Index, Fixed and PriceAssuranceTM.
Realgy owns and operates 7 solar plants in Illinois and is looking to invest in additional locations.
Additional information:
https://www.utilitydive.com/news/trump-issues-30-tariff-on-solar-panel-imports/515265/
https://news.energysage.com/2018-us-solar-tariff-impact-prices/
Make A Flu Shot Your Halloween Tradition
For everything there is a season…
Halloween, in addition to costumes and candy should include a flu shot.
As the following article explains, it will maximize its effectiveness just as flu season peaks… being unprotected at peak flu season; now that’s scary!
Realgy Energy Services is a registered Retail Energy Marketer in the states of Illinois, Michigan, Indiana and Ohio. We offer Service Plans that will provide electric and natural gas at wholesale pricing direct to customers without any utility markup. Our Service Plans work with the local utility to provide seamless service and annual energy savings. Service Plans include Guaranteed SavingsTM, ManagedPriceTM, ManagedGreenTM Index, Fixed and PriceAssuranceTM.
Realgy owns and operates 7 solar plants in Illinois and is looking to invest in additional locations.
Additional Information:
https://fivethirtyeight.com/features/make-a-flu-shot-your-halloween-tradition/