2 weeks have passed since the feb 17th post. The SPY index has moved up to 199.00 at the close, MDU has gained almost a buck to close at $ 18.28 , and several days ago the 1 year target price moved up to $19.40..don
•Montana-Dakota Utilities (MDU), a natural gas and electricity provider for parts of Montana, Wyoming and the Dakotas, scaled back a rate increase proposal earlier this month and eliminated a push for residential demand charges after settlement agreements with solar advocates and consumer and industrial groups.
•To resolve issues associated with Docket No. D2015.6.51, MDU reduced its monthly average rate increase proposal to the average residential customer from $14.80 to $6.38. That means a reduction in revenues requested from $11.8 million, a 21.1% increase, to $7.4 million, a 13.3% increase.
•MDU also reached an agreement with The Alliance for Solar Choice (TASC) and withdrew a proposed demand charge aimed only at customers who own net energy metered (NEM) distributed generation. Solar advocates argued the demand charge proposal would make residential solar financially unviable in Montana.
MDU’s dispute with TASC produced some response from ratepayers, including 115 email comments and testimony opposing the proposed demand charge from eight residents, according to Energy Manager Today.
TASC argued MDU had failed to provide evidence in the proceeding that the demand charge is necessary. It also noted that a similar charge was rejected by a Wisconsin court due to a similar absence of evidence.
Rooftop solar users can address demand charges by exporting to the grid during peak demand periods to earn the higher value NEM credit, according to a new study from GTM Research. Another response is adding battery storage so the solar energy-generated electricity can be consumed onsite when grid electricity is most expensive.
According to the GTM study, a $5/kW residential demand charge — amounting to about $25/month for the average residential solar owner — would allow solar to be cost-competitive in only 15 of the 20 states in which it is now at grid parity with traditional generation resources. With a $15/kW demand charge, which amounts to
Excerpt from 2015 GE shareholder letter from J Immelt.).
What is unique in this cycle is the difficult relationship between business and government, the worst I have ever seen. Technology, productivity and globalization have been the driving forces during my business career. In business, if you don’t lead these changes, you get fired; in politics, if you don’t fight them, you can’t get elected. As a result, most government policy is anti-growth. In the U.S., we want exports but seem to hate trade and exporters; globally, governments love small businesses but then regulate them to death. And so, we perpetuate a cycle: slow growth, poor job creation, populism, low productivity, higher regulation, poor policy and more slow growth. We now live in a world where the most promising growth policy is “negative interest rates.” In the U.S., 2015 was the 10th consecutive year when GDP growth failed to reach 3%, a rate that used to be considered our entitlement.