Speaking of Google, a rentseeking utility executive is now worried about the energy/climate dogs he helped unleash.
Duke Energy CEO Jim Rogers, who the New York Times dubbed the “Green Coal Baron” and who was a founding member of the cap-and-trade pushing US Climate Action Partnership, told the Deloitte Energy Conference yesterday,
One of the biggest risks I see of companies in vertically integrated markets…is what I call ‘disintermediation’ and what it really means is a Google comes in with an idea about improving the energy use in the home and the next thing you know the demand drops 30%.
Of course, had Rogers advocated energy policies that encouraged economic growth as opposed to economic contraction, energy efficiency wouldn’t be so much of a threat to Duke Energy. Now Rogers will no doubt jump on the decoupling bandwagon (if he hasn’t already) to preserve his profit margin.