Tech companies call for more renewable energy in Virginia utility’s resource plan

first_imgTech companies call for more renewable energy in Virginia utility’s resource plan FacebookTwitterLinkedInEmailPrint分享S&P Global Market Intelligence ($):A letter from 10 technology companies targeting Dominion Energy Inc.’s future resources plan may be the first domino to fall in the sector’s push for more renewables to run their energy-hungry data centers.For the first time, cloud computing and internet companies may have the upper hand over utilities when it comes to increasing renewable power generation, Fitch Solutions Macro Research said in a May 13 note. As the world’s biggest consumer of electricity, the technology sector is looking to its sources of energy as a clear-cut way to demonstrate its sustainability initiatives amid pressure from customers, investors and governments.However, tech giants’ efforts to meet their environmental, social and governance goals have come face-to-face with their electricity providers’ energy portfolios, which often times relies on fossil fuels. Fitch Solutions notes that tech companies’ financial clout could push their utilities to start divesting from coal and gas.“Where tech companies are now the dominant customer and have the cash and the longevity to reliably pay up-front for future power suppliers, some power companies will begin to see their future investment strategies being dictated by external influences for the first time,” Fitch Solutions said.These differences could play out in Virginia, where a number of companies have located data centers. On May 1, 2018, Dominion’s local utility Dominion Energy Virginia doing business as Virginia Electric and Power Co. proposed its latest 15-year integrated resource plan to state regulators. Dominion plans to add about 3,670 MW of natural gas capacity and 4,720 MW of solar generation by 2033, but Fitch Solutions said some of the utility’s priorities, such as the Atlantic Coast Pipeline LLC, which would in part supply gas to the company’s power plants and an expected slow phase-in of the new solar resources do not mesh with tech companies’ sustainability goals.That prompted a slew of tech companies including Apple Inc., Amazon Web Services Inc., LinkedIn Corp. and Microsoft Corp. to sign a letter criticizing Dominion’s plan. While gas is technically the least expensive option right now, pairing solar with storage will likely become the more affordable option for power companies, particularly as energy efficiency technology continues to improve, the tech firms said in their May 8 letter.More ($): Fitch Solutions: Tech giants may have power over utilities on energy sourcinglast_img read more

Foundation grants to provide legal aid to children and families

first_img Foundation grants to provide legal aid to children and families April 1, 2006 Regular News Foundation grants to provide legal aid to children and familiescenter_img Children with disabilities. Children ensnared in custody battles. Children denied proper medical care or special education. Children stuck in foster care. Families ravaged by domestic violence. All are clients at the Children’s Advocacy Center at the Florida State University College of Law.Thanks to two grants totaling $100,000 from The Florida Bar Foundation, more children and their families will be represented at one of the nation’s leading legal internship programs, where the mission is to instill in law students a sense of professional responsibility toward poor children and to create a pool of future lawyers trained and motivated to do pro bono work for children.“A little bit of legal aid goes a long way, whether for a child or an adult, but legal aid for a child can have an astounding and almost immediate impact for good,” said Foundation President William H. Davis, a Tallahassee lawyer who noted the Foundation has awarded more than $1.1 million for other children’s legal programs throughout Florida.The Foundation’s gift to FSU includes a $75,000 Children’s Legal Services Grant and a $25,000 Law School Civil Clinic Grant.At FSU, the center is divided into the Children’s Section, directed by Clinical Professor Paolo Annino, and the Domestic Violence/Family Law Advocacy Section, directed by Clinical Professor Ruth Stone.“Without legal advocacy, children’s health and special education rights will not be enforced, and they will not receive the health care and special education that they need to flourish or even get by in life,” said Annino.Grateful for the Foundation’s continued support, Stone said: “This new grant allows us to increase our representation of other underserved populations in our area, including persons referred to us by the local battered women’s shelter, the domestic violence hotline, legal aid, and other agencies referring indigent people who would not otherwise receive legal representation.”last_img read more