WASHINGTON, June 10 (Reuters) - Renewable energy sources
like wind and solar power are needed to meet rapidly growing
energy demand in the United States amid near-term obstacles to
increasing natural gas capacity, said NextEra CEO John Ketchum
on Tuesday.
The head of the Florida-based power producer said at the
Politico Energy Summit that competition and high costs to obtain
gas turbines, a construction labor shortage, and the costs
associated with tariffs mean that it will take at least seven
years to get new gas-fired power plants online.
"We need a bridge to get ourselves to 2032 when that gas
shows up ... And when that gas shows up, it's going be three
times more expensive than it's ever been," Ketchum said.
"If we take renewables off the table, we are going to have a
real power shortage problem in this country."
U.S. House lawmakers narrowly passed a budget reconciliation
bill last month that would phase out clean energy tax credits,
slash spending on renewables, and claw back other
climate-related funds.
The House bill, which is now being debated by the Senate,
shortens the window for developers to start and complete new
clean energy projects to qualify for tax credits, and makes the
incentives unworkable, Ketchum said.
Ketchum's comments reverse an oft-repeated defense of
natural gas in the fossil fuel industry during previous
administrations seeking to fight climate change that had framed
the fuel as a bridge to a renewables-driven carbon-free energy
system.
Trump opposes renewable energy subsidies and wants to expand
production of oil, gas and coal. He has also declared an "energy
emergency" to spur more fuel and electricity production, in part
to meet growing demand for power for data centers and artificial
intelligence.