first published week of: 04/03/2023
They can’t keep spending on pipelines, and alternative fuels can’t scale. But electric heat and thermal networks could save utility business models and jobs.
If New York wants to meet its climate goals, the state’s gas utilities can’t stick to business as usual. Nor can they keep investing billions of dollars in maintaining and expanding the nearly 50,000 miles of gas pipeline they’ve laid over the course of the past half-century.
Instead, state regulators have to start acting now to force the nearly 150-year-old industry to undergo a “managed, phased transition” to a new carbon-free path — or the consequences could be catastrophic.
Read full story at Canary Media…