October 3, 2007
Grid's King holds court at energy summit
By Matthew L. Brown
Increased energy efficiency, the kind that begins in homes and businesses, is the single most effective and beneficial way to deal with pollution and global warming, according to Tom King, executive director of electricity distribution and generation at Westborough-based utility National Grid.
This morning, King spoke to a crowd of more than 300 gathered at the DCU Center in Worcester for the Massachusetts Energy Summit. The event was sponsored by National Grid and the Worcester Business Journal.
King said efficiency, consumer choice, energy prices, competitive energy markets and energy supply are Grid's chief concerns. He made very little mention of Grid's controversial support for energy price "decoupling."
Decoupling would allow the state to reimburse utilities for revenue they don't make as a result of decreased energy usage by customers. King said Grid has a plan to reduce its carbon emissions by 60 percent by 2050, and has already reduced its take on energy bills by $2 billion. But the company does have to make money, and decoupling "allows the marketplace to move forward and reduce demand, but recoup the costs."
The Associated Industries of Massachusetts has come out strongly against decoupling, calling it corporate welfare. King, who worked previously in California, said decoupling has been successful there for more than 10 years.
King said Grid is committed to efficiency, developing renewable energy sources and increasing choice and competition in the energy marketplace in order to "combat global warming."
This morning, King spoke to a crowd of more than 300 gathered at the DCU Center in Worcester for the Massachusetts Energy Summit. The event was sponsored by National Grid and the Worcester Business Journal.
King said efficiency, consumer choice, energy prices, competitive energy markets and energy supply are Grid's chief concerns. He made very little mention of Grid's controversial support for energy price "decoupling."
Decoupling would allow the state to reimburse utilities for revenue they don't make as a result of decreased energy usage by customers. King said Grid has a plan to reduce its carbon emissions by 60 percent by 2050, and has already reduced its take on energy bills by $2 billion. But the company does have to make money, and decoupling "allows the marketplace to move forward and reduce demand, but recoup the costs."
The Associated Industries of Massachusetts has come out strongly against decoupling, calling it corporate welfare. King, who worked previously in California, said decoupling has been successful there for more than 10 years.
King said Grid is committed to efficiency, developing renewable energy sources and increasing choice and competition in the energy marketplace in order to "combat global warming."
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