New Study Shows Importance of Diverse Power Supply

News
July 25, 2014
 
If the two most vulnerable sources of energy—coal and nuclear energy—which provide almost 60 percent of electricity, are removed from our supply it could result in over 1 million jobs lost and a reduction of over $2,000 in annual household disposable income for every household, according to a new study supported by the U.S. Chamber’s Institute for 21st Century Energy. 
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“The polar vortex last winter demonstrated the value of America’s diverse electricity portfolio,” said Heath Knakmuhs, senior director of policy at the U.S. Chamber’s Energy Institute. “The colder temperatures in some parts of the country stretched natural gas demand, and utilities turned to coal to provide power. While increasing natural gas production is a very good thing for our economy and our security, it should not be at the expense of other sources,” Knakmuhs added.
 
Read the full article at The Financial.