American Greatness By Eric Lendrum
Multiple American utility companies are increasingly switching to forms of “green” energy as alternatives to traditional natural gas and fossil fuels, a trend that is likely to increase costs for consumers.
According to the Daily Caller, energy companies are set to spend up to $140 billion investing in such alternatives in the years 2022 and 2023, including accommodations for electric vehicles and building renewable energy projects. These numbers, reported by the Edison Electric Institute, constitute the highest amounts that companies have spent on such green investments in the last 20 years.
One such example is National Grid, an energy supplier that serves New York, Massachusetts, New Hampshire, and Rhode Island. The company on Tuesday announced its latest initiatives to work towards “achieving a net zero future,” investing further in such fuel sources as wind, solar, and hydropower. The largest energy utility in the country, California-based Pacific Gas & Electric (PG&E), similarly announced its own “net-zero” plan, which aims to achieve nationwide carbon neutrality by 2050…
