A new report finds that Illinois’ largest gas utilities’ current capital spending on gas systems will raise customers' rates sharply and could lead to stranded assets of $80 billion by 2050. To avoid this costly path, the report recommends a strategically managed gas transition to clean, renewable energy sources, which will also reduce the climate and air pollution Illinois currently experiences, particularly in environmental justice and low-income communities.
After more than three years of considering the future of the natural gas industry in Massachusetts and what role it can play in the state's efforts to significantly reduce its greenhouse gas emissions, the state's Department of Public Utilities issued an order meant to signal to gas utilities that it won't be business as usual going forward.
