• 3 minutes Don't sneeze. Coronavirus is a threat to oil markets and global economies
  • 5 minutes Boris Johnson taken decision about 5G Huawei ban by delay (fait accompli method)
  • 9 minutes This Battery Uses Up CO2 to Create Energy
  • 12 minutes Shale Oil Fiasco
  • 1 hour Historian Slams Greta. I Don't See Her in Beijing or Delhi.
  • 2 days We're freezing! Isn't it great? The carbon tax must be working!
  • 2 days US (provocations and tech containment) and Chinese ( restraint and long game) strategies in hegemony conflict
  • 7 hours Let’s take a Historical walk around the Rig
  • 2 hours Beijing Must Face Reality That Taiwan is Independent
  • 17 hours Trump has changed into a World Leader
  • 17 hours Tesla Will ‘Disappear’ Or ‘Lose 80%’ Of Its Value
  • 2 days Indonesia Stands Up to China. Will Japan Help?
  • 17 hours Yesterday POLEXIT started (Poles do not want to leave EU, but Poland made the decisive step towards becoming dictatorship, in breach of accession treaty)
  • 2 days Might be Time for NG Producers to Find New Career
  • 3 days Environmentalists demand oil and gas companies *IN THE USA AND CANADA* reduce emissions to address climate change
  • 3 days Anti-Macron Protesters Cut Power Lines, Oil Refineries Already Joined Transport Workers as France Anti-Macron Strikes Hit France Hard
Alt Text

Speculators Are Dragging Down Natural Gas

It seems that fundamentals can…

Alt Text

How Low Will The Coronavirus Send Oil Prices?

In today’s oil market it…

Alt Text

China Sees Jump In Gasoline, Jet Fuel Exports

A 99-percent utilization rate of…

Darrell Delamaide

Darrell Delamaide

Darrell Delamaide is a writer, editor and journalist with more than 30 years' experience. He is the author of three books and has written for…

More Info

Premium Content

U.S. Utility Executives Disappointed in Obama’s First Year, Survey Says

Four-fifths of energy utility executives in a recent survey said they were dissatisfied with the first year of the Obama administration, citing a lack of tangible and actionable policy and legislation.

Specific concerns included a lack of movement on carbon dioxide legislation and action, regulations that result in higher costs without addressing the issue of atmospheric carbon, and “overly idealistic” policies that don’t consider overall economic impact.

“Few utility executives consider the current solutions as satisfactory either in scale or feasibility,” said John Christens, vice president of Cap gemini, a technology and consulting firm that conducted the survey together with Platts.

The survey of more than a hundred executives at U.S. and Canadian electric and natural gas utilities was the fourth annual such survey. Conducted in March, the survey sought to identify and prioritize industry concerns and gauge industry perceptions of the new Obama administration.

The utility executives cited regulation (71%) and the environment (68%) as the top two challenges facing the industry. With respect to regulation, the top concerns were emissions and carbon regulation, lack of adequate national energy policy and uncertainty about transmission regulation.

With regard to the environment, the top concerns were building generation transmission capabilities to support renewable energy sources and increasing energy efficiency and customer conservation programs.

Other main challenges cited by the executives were incorporating technology, including automated metering infrastructure, smart grid technology and smart meters; financial concerns such as cost recovery, access to capital and maintaining liquidity; and end user issues, such as maintaining customer satisfaction, providing consumer education about the cost of green energy, and end users’ expectations for continued low energy costs.

On the positive side, utility executives said that the Obama administration has succeeded in stimulating dialogue about the energy industry and about specific sustainable solutions, such as wind and solar energy. They also cited the administration’s stimulus package, which included several billion dollars for energy initiatives, as a positive accomplishment.

Looking ahead, utility executives strongly agree that there will be an increase in electricity prices for end users and increasing environmental regulation, as well as greater implementation of technology and an increase of wind, solar and biomass in the overall fuel mix.

By. Darrell Delamaide




Download The Free Oilprice App Today

Back to homepage




Leave a comment

Leave a comment




Oilprice - The No. 1 Source for Oil & Energy News
Download on the App Store Get it on Google Play