Archive for Energy

What MGM Exiting The Nevada Grid Means

The MGM Grand Hotel

Source: MGM Resorts International

MGM Resorts International created a stir late last month when it provided notice to the Nevada Public Utilities Commission that it would exit the grid and begin sourcing its own power in order to meet ambitious clean energy targets. The transaction involves a one-time $86.9M payment to offset Nevada Power’s “stranded costs” resulting from the decision (see Utility Dive’s story for more). But what does this decision say about MGM’s expectations for the clean energy future? Read more

Clean Energy Trends

Change is afoot in how the biggest energy consumers get their energy. Green power purchasing – primarily through renewable energy certificates (RECs) – has grown by over 300% since 2006, and is forecast by the National Renewable Energy Laboratory to grow anywhere from 50-400% over the next three years.

I’ve spent the past couple of days perusing data from the EPA on their Green Power Partnership program (GPP) to see what’s going on in the clean energy market. Why this data? For three reasons:

  1. Green Power Partnership participants constitute approximately 70% of the voluntary renewable power market.
  2. It’s the most granular data on buyers and suppliers that is publicly available.
  3. Historical data is available in a consistent format for over 5 years.
An increasing number of Fortune 500 companies are participating in the GPP – 65 in 2012, an increase of 33% since 2008. It may not come as a surprise that these companies are leading the charge on green energy purchasing, comprising 14.9 million MWh (73% of GPP purchasing) in 2012. Read more