BATON ROUGE, La. (BRPROUD) — Governor John Bel Edwards and energy leaders discussed the major changes coming to the energy industry in Louisiana.
“Change is happening. It’s going to happen. And if you don’t position yourself to best take advantage of that change, we will be left behind,” said Edwards.
Edwards said there’s now a balancing act energy producers need to be aware of when it comes to making money and using cleaner energy.
“We know that fossil fuels and carbon emissions play a role in our changing climate and that an energy transition is happening,” he said.
Edwards said he’s working to keep the state a leading energy producer while addressing the climate crisis.
“This year, we are proudly bringing an annual plan to the legislature that will invest $1.35 billion in coastal infrastructure,” stated Edwards.
Entergy CEO Leo Denault planned to make advances towards strengthening their equipment, like poles and towers, to help reduce power outages.
“We know we need to evolve. Designing and constructing electrical infrastructure strong enough to withstand storms that are striking again with increased intensity and frequency is an important decision that must include input from customers, regulators, and government policymakers,” he explained.
He said the funding for these structures would be hefty and they would need to keep costs low for customers.
“Diligently seek federal funding that helps offset these costs of the enhancements for our customers to keep those costs low,” said Denault.
Entergy leaders say they’re working alongside stakeholders to invest in cleaner energy solutions.
“Throughout the company’s entire system, we have plans for 11,000 megawatts of additional renewable energy deployment by the end of 2030, with the potential to accelerate even more depending on how fast we can grow the state,” stated Denault.
That’s roughly enough to power New York City for a day.
Entergy’s CEO says their goal is to reach net-zero emissions by the year 2050.