Displaying items by tag: stephen smith

The IRA’s clean-energy progress is clearest in our communities

Stephen Smith is executive director of Southern Alliance for Clean Energy. He was a founder of the Foundation for Global Sustainability (FGS) and serves on the FGS board of directors. Hellbender Press is published by FGS.

KNOXVILLE — The largest climate investment legislation in U.S. history, the Inflation Reduction Act, celebrated its two-year anniversary in August: two years of reducing harmful pollution, of creating thousands of good-paying clean energy jobs, of welcoming billions of dollars in clean energy investments to the Southeast. The ways the IRA has and will continue to benefit our region and beyond are innumerable — and the numbers don’t lie. 

The IRA’s progress is clearest here in our communities: between Florida, Georgia, North Carolina, South Carolina and Tennessee, 559,820 households received more than $1.3 billion in residential clean energy and energy-efficiency tax credits in tax year 2023. Real people are saving money and benefiting from the historic climate law every day — take it from seven SACE members, their IRA stories and the encouraging statistics mentioned here. 

The reach of the IRA stretches beyond our homes — over 70,000 electric vehicle (EV) charging stations now dot the U.S., and federal tax credits on both new and used EVs have saved consumers over $1 billion so far this year alone. Last month, SACE released its updated 2024 Electrify the South Electric Transportation Toolkit to help guide decision-makers through this time of enormous opportunity.

A protestor holds a sign during a 2021 demonstration against TVA’s plans for continued fossil fuel use outside the federal utility’s headquarters in Knoxville.  Thomas Fraser/Hellbender Press

KNOXVILLE — On Thursday, August 22, the Tennessee Valley Authority’s (TVA) Board of Directors will meet in Florence, Alabama to authorize a 5.25 percent electric power rate increase without any public documentation showing why the increase is needed or how those additional revenues will be spent. This rate increase amounts to approximately a staggering half-a-billion-dollar increase for Tennessee Valley ratepayers. Only in the Tennessee Valley could a major utility raise rates without public scrutiny of financial documents.

The 5.25 percent rate increase coupled with last year’s 4.5 percent electric rate increase is strategically set just below a 10 percent threshold that would trigger renegotiation of hundreds of power supply agreements with local utilities. But even with this rate increase, TVA is still racking up debt at a rate not seen in decades.

Based on documents over a year old at this point, we can only guess what is driving TVA’s current financial woes: the largest buildout of fossil gas in the country this decade. These new fossil gas pipelines and power plants aren’t cheap, and TVA’s plan to increase reliance on gas is risky. Families and businesses across the Valley will see increased bills when gas prices rise again and as these new gas power plants become obsolete in just a few short years. 

Nanette Mahler, left, and Tracy O’Neill walk along Macon Wall Road in Cheatham County, Tennessee, near the site of a proposed Tennessee Valley Authority gas power plant project. Local backlash against the proposal comes as the federal utility faces bipartisan legislation in Congress seeking to boost transparency in its planning process and scrutiny of TVA’s anemic renewable power growth compared to other utilities. Robert Zullo/States Newsroom

TVA ‘clearly a laggard’ in renewable energy

This article was originally published by Tennessee Lookout.

ASHLAND CITY — When he heard about the sale, Kerry McCarver was perplexed.

In 2020, the mayor of rural Cheatham County discovered that the Tennessee Valley Authority bought about 280 acres of rolling farmland “in the middle of nowhere” in his county, which lies just west of Nashville and is home to about 42,000 people.

He asked another county official who formerly worked for the TVA, the nation’s largest public power company, to find out what it planned to do with the land.

The answer they got was “future use,” and they speculated a solar farm might be in the works.

“It’s kind of the last we thought about it,” McCarver said during an interview in his office in May. “Then a year ago last summer, TVA called here needing a place to have a public meeting.”

The authority was now proposing a 900-megawatt natural gas-fired power plant, battery storage, pipelines and other associated infrastructure for the site, which came as a shock to McCarver and many other locals who felt it was wholly inappropriate for the area. 

WASHINGTON — The U.S. Environmental Protection Agency on May 11 proposed new carbon pollution standards for coal and gas-fired power plants to protect public health and reduce harmful pollutants.

EPA’s proposed standards are expected to deliver up to $85 billion in climate and public health benefits over the next two decades and avoid up to 617 million metric tons of total carbon dioxide (CO₂) through 2042.

EPA estimates that in 2030 alone, the proposed standards will prevent more than 300,000 asthma attacks; 38,000 school absence days; 1,300 premature deaths; 38,000 school absence days; and 66,000 lost work days.

Dr. Stephen A. Smith, Executive Director of Southern Alliance for Clean Energy: “Individuals and communities across the country are doing whatever they can to protect against the immense dangers of climate pollution and are depending on the federal government to do the same. Federal limits on climate pollution from power plants are a critically needed and long overdue protection for public health and the environment. 

“We will be reviewing the proposal and hope that the proposal hits the mark in giving our communities the safeguards they need from deadly fossil pollution.”

EPA will be taking comments on these proposals for 60 days after publication in the Federal Register.

— SACE

A rainbow pierces gray skies during the 2021 United Nations Climate Change Conference in Glasgow. United Nations

Climate activists stress positives of Senate climate bill despite its shortcomings 

Amy Rawe is communications director for Knoxville-based Southern Alliance for Clean Energy.

KNOXVILLE — The U.S. Senate passed the Inflation Reduction Act (IRA), an estimated $430 billion bill, of which approximately $370 billion will be allocated to investments in clean energy and to address climate change.

It’s the single largest climate investment in U.S. history, and if it passes the House, will put the country on a path to be able to achieve roughly 40 percent emissions reduction from 2005 levels by 2030, reestablishing our influence in meeting the Paris Agreement goal of limiting global warming to 1.5 degrees Celsius. 

“Our intelligence and flexibility as a society will be tested as the financial and industrial giants all figure out what they’re going to do.”

The Tennessee Valley Authority intends to phase out its aging fleet of coal plants by 2035, potentially replacing the age-old carbon-rich power source with increased use of natural gas and refreshed, concentrated supplies of nuclear energy as the vast utility moves to drastically reduce its greenhouse gas emissions.

The plan emerged Wednesday, about a month after the Biden administration called on the U.S. power sector to eliminate pollutants linked to climate change by 2035.

The Tennessee Valley Authority is the largest public provider of electricity in the United States. It provides wholesale power to every major municipal provider in Tennessee, as well as other metropolitan areas and smaller utility districts and cooperatives within its seven-state service area.