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For Immediate Release:
2004-01-08
For More Information:
Contact Amy Peterson
206-568-2850

Energy Experts To Olympia: More Renewable Energy And Energy Efficiency Is Good For State's Economy

As the new home of WashPIRG's environmental work, Environment Washington can be contacted regarding this news release.

Olympia—Leading economists, agriculturalists, and energy experts convened in the State Capitol today to voice their support for significant increases in energy efficiency and renewable energy in Washington. Speaking at a forum entitled "Energy for Washington’s Economy" organized by the Washington Public Interest Research Group Foundation (WashPIRG Foundation), NW Energy Coalition, NW SEED, and the Renewable Northwest Project, leading energy experts delivered a powerful message to state lawmakers: Washington’s economy will be stronger and energy supply will be more reliable if we significantly increase our commitment to energy efficiency and renewable energy.

"The potential for renewable energy and energy to boost Washington’s economy is enormous," said Robert Pregulman, executive director of the WashPIRG Foundation. "At a time when legislators are scrambling for ways to bolster the state’s business climate, this is a no brainer—more renewable energy and energy efficiency equals more jobs for our state and lower energy bills for consumers and businesses."

Last summer, the WashPIRG Foundation released a report that analyzed the potential benefits of renewable energy and energy efficiency for Washington’s economy. The report showed that wind energy could generate $371 million in property taxes as compared to $192 million by natural gas plants. Wind energy could also generate $103 million in revenue for rural landowners, while natural gas would generate none. Finally, the report showed that wind energy and energy efficiency could create 2.5 times as much employment as natural gas plants.

Jim Lazar, a consulting economist who has worked with the energy industry for two decades, also emphasized the potential economic disadvantages of over-reliance on gas fired power plants due to the volatility of natural gas prices and uncertainly of sufficient gas supplies.

"Energy efficiency is a win-win-win proposition for this state," said Stan Price, the executive director of the Northwest Energy Efficiency Council. "It provides the lowest cost utility resource, lowers consumer's operating costs, and creates jobs for Washington's economy."

The groups who organized the conference urged legislators to enact policies that will significantly increase the amount of renewable energy and energy efficiency produced by the state’s electric utilities.