People are using less power, energy exec’s say

You need to see this – electricity use is DOWN all over the country….and
energy executives don’t think it’s because of the economic downturn, but
rather because of a ‘fundamental shift’.

Key quote: ” Michael Morris, the chief executive of AEP, one of the
country’s largest utilities, says he thinks the industry should to be wary
about breaking ground on expensive new projects. “The message is: be
cautious about what you build because you may not have the demand” to
justify the expense, he says.”

Full article here.

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Posted on 21 November 2008

Tags: AEP, Energy, Michael Morris

About the Author

Currently RAN’s Executive Director, Rebecca joined RAN as Global Finance Campaign Director in April 2007 where she was responsible for guiding the team to successfully pressure the biggest banks in the US to adopt groundbreaking policies limiting finance to coal-fired power plants and mountaintop removal mining. Prior to RAN, Rebecca had over ten years of experience in non-profit grassroots campaigning and advocacy. Rebecca can be found on Twitter: @beckytarbotton

Read other posts by Becky Tarbotton