Source: Bloomberg.com
Los Angeles will become the biggest U.S. city to abandon coal-fueled electricity after the taxpayer- owned utility said it will support renewable sources, boost energy efficiency and build a new natural-gas fired plant.
The city’s Department of Water and Power, the nation’s largest municipal-owned utility, will phase out the electricity it imports from the Navajo Generating Station in Arizona and Intermountain Power in Utah, according to a statement yesterday. The two coal plants provide 39 percent of the city’s power.
“The era of coal is over,” Mayor Antonio Villaraigosa said in a statement. “By divesting from coal and investing in renewable energy and energy efficiency, we reduce our carbon footprint and set a precedent for the national power market.”
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