EDF Warns Of Stranded Gas Assets In Climate ‘Road Map’ For Regulators

The Environmental Defense Fund (EDF) is urging state utility regulators to make a series of policy and process reforms to ensure investments in natural gas align with climate change goals, warning that failure to change will leave utilities with “stranded assets” that will drive up consumer costs and create inefficiencies throughout the energy system. “Increasing rates resulting from stranded assets creates the potential of a utility death-spiral effect, where higher rates lead customers to electrify more quickly and raise the...