Two new reports from Rocky Mountain Institute (RMI) analyze the economics of over US$100 billion worth of planned investment in new gas-fired power plants and interstate gas pipelines in the United States, in the context of rapidly-declining costs for renewable energy and battery storage technologies. The reports find that the role of gas as a “bridge fuel” is behind us; there are both significant cost savings opportunities if US utilities prioritize clean energy over continuing their present rush to gas, as well as existential risks facing investors that continue spending on new gas infrastructure.Click here for a summary of reports

This study has serious implications for electric energy export prices for Manitoba Hydro. The rapidly declining costs for clean energy in the US will not generate profits for the utility requiring continued rate increases for Manitoba Hydro electricity .