Sierra Club Grades Southern Company Subsidiary on Fossil Fuel Strategy
What happened
Sierra Club published its sixth Dirty Truth Report, which grades utilities based on their plans regarding coal retirement, natural gas expansion, and renewable energy investment. The report found that Mississippi Power scored 44 out of 100 in this assessment. The organization noted that Mississippi Power plans to retire all 1,844,723 MW of its coal while adding 548 MW of new gas by 2035, with no renewable energy additions planned.
From cleantechnica.com
Why it matters
The grading system evaluates how much coal a utility is retiring, how much gas it plans to use, and how much renewable energy it is adding. The report indicates that Mississippi Power is uninterested in investing in sustainable renewable energy, which the Sierra Club links to higher bills and increased pollution.
From cleantechnica.com
Who's involved
- Southern CompanyParent company of the utility under review.
- Mississippi PowerInvestor-owned electric utility in Mississippi.
- Sierra ClubEnvironmental nonprofit that published the critical report.
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- Mississippi PowerSpeculative
Mississippi Power could face increased regulatory risk due to the critique of its fossil fuel strategy and lack of renewable investment.
- Southern CompanySpeculative
Southern Company might face public and political pressure regarding its overall fossil fuel strategy across the Southeast.
Keep exploring
The entities involved
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Southern Company
US electricity corporation
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Mississippi Power
investor-owned electric utility and a wholly owned subsidiary of Atlanta-based Southern Company
Nothing else this week.
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Sierra Club
environmental nonprofit membership association based in the United States