On a recent muggy morning, Jeff Myerson, a manager for Houston-based CenterPoint Energy Inc., is pointing to mundane-looking gray metal boxes up on a wooden utility pole. They mask high-tech capabilities: State-of-the-art wireless relays that collect information on customers’ power use in 15-minute intervals.
The Obama administration’s upcoming greenhouse gas rules are gaining acceptance from an unlikely quarter -- power companies -- and splitting the energy industry’s normally unified opposition to new limits.
Coal-dependent power companies from American Electric Power Co. to Duke Energy Corp. face billions of dollars in added costs from the Obama administration’s proposed climate rules. Renewable-energy backers and nuclear generators like Exelon Corp. stand to gain from the effort to shift the foundations of the U.S. energy industry.