LADWP Pauses Planned Work on Natural Gas Power Plants in Favor of Green Alternatives

Energy is one of the most important commodities in this day and age. Whether it comes from fossil fuel, natural gas, or green sources, energy is a necessity in our increasingly technological world. Up until recently, California legislators had plans to build new natural gas power plants and renovate some older ones that run on fossil fuels. According to Ivan Penn's L.A. Times article, they are instead looking at other potential options for energy generation throughout the state.

Before this week, a $2.2 billion plan was in the works to fix up some older natural gas power plants and get them ready to produce electricity. The Los Angeles Department of Water and Power put that plan on pause while they look into green electricity alternatives. Among a few other reasons, this change in trajectory is likely due mainly to recent investigative journalism that found that California has an oversupply of electricity, which drove prices up instead of down as expected.

It is expected that by 2020, the state's power plants will be able to produce over 20% more electricity than is needed, which will lead to Californians being stuck with a $40 billion-per-year bill for energy they're not even using. Even after reducing energy usage and installing more energy-efficient appliances, Californians will still be paying almost $7 billion more for electricity than they did in 2008, the state's record high.

Now that the LADWP sees that generating more power from natural gas is not going to solve the problem, they have to turn to other alternatives. Because so much energy is produced that is not being used, it makes more sense to look at different ways of producing energy rather than methods of producing more energy. For example, many homes are beginning to install personal solar panels and batteries to store excess collected energy. Solar farms or wind turbines could be a potential source of green energy for the state.

No matter how the LADWP ends up generating the proper amount of electricity for the state, it seems clear that natural gas will not be invested in without a fight. It will be difficult to hide oversupply, especially if the excess energy comes from sources that are not environmentally friendly. Legislators hope to have California 100% reliant on renewable energy by 2045. This is just the first step, but with enough work, it could be a feasible goal.

***************************************************************************************************
Find out more about us at www.sepulvedaescrow.net. Any Questions? Contact our Escrow Expert! Sepulveda Escrow Corporation (818) 838-1831. Follow our company on Facebook, Twitter, LinkedIn, and Google+.

**************************************************************************************************