The Sierra Club says US power companies have earned a failing grade on its yearly analysis of power companies’ energy transition promises vs. actions. (Sierra Club)
Sierra Club’s takeaway: Utilities already have the tools to make the transition happen, but many are leaning on fossil growth to meet load instead of scaling clean resources.
Companies like NIPSCO, once a top performer, dropped 23 points this year after tying 3,500 MW of new gas to hyperscale load growth. Evergy scored just 9/100 and plans more than 5,500 MW of new gas by 2035.
The study found utilities are planning less renewable capacity than is needed to replace existing fossil assets, let alone to meet climate targets of 80% clean power by 2030 and 100% by 2035.