Investments

Bank Of America Investment The California Power Authority (CPA) has released an Energy Resource Investment Plan emphasizing energy efficiency, conservation and renewable power generation.

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Investment Opportunity On Friday, the CPA submitted its Energy Resource Investment Plan "Clean Growth: Clean Energy for California's economic Future" to the state legislature. The plan details a strategy to prevent future energy crises by meeting California's energy supply shortfalls with clean power sources.

The University of California % Davis has initiated a research and technology demonstration facility dubbed the Biogas Energy Project which aims to turn tons of leftover and table scrap into clean and renewable energy for use in households and automobiles. Initially, the facility will process over eight tons of leftovers weekly sourced from premier restaurants around San Francisco. If all goes well, the project will eventually process about eight tons of leftover daily. Every ton of leftovers can produce enough energy to power 10 average California households in one day.

Banc Of America Investment In total, the CPA plans to generate $5 billion in revenue bond financing that will leverage over $12 billion in clean energy investment by 2007.

There are at least a dozen excellent options to choose from. Among these, managed plans (California and others) managed plans in Iowa, Nevada, New York and Utah. The Vanguard plans, with their index investment strategies, have operating costs of less than 0.75%. A new entry is the Alaska plan managed by T Rowe Price. managed funds and at relatively low cost.

Banking Investment "This is the largest clean energy investment plan in history," said Danny Kennedy, coordinator for Greenpeace's Clean Energy Now! Campaign. "The CPA plans to meet the majority of projected energy demand with conservation and energy efficiency measures that will spawn the equivalent of five big coal fired power plants being supplanted by wind, biomass and solar energy. This is largely non-polluting and is the same as taking one million cars off the road in the next 20 years, greatly reducing our greenhouse gas emissions."

Energy industry regulator Ofgem has proposed a billion investment in the UK's energy network in order to replace old infrastructure.

Investment Solution Strategic Greenpeace noted that the CPA's plan allows institutions like the Los Angeles Community Colleges access to low cost financing program in order to go solar.

(AXcess News) Portland, energy developer has plans of building a wind farm covering 32, 000 acres with 300 turbines in the Oregon gorge area and has notified Oregon officials. LifeLine Development Group of Sacramento, energy company, disclosed its intentions to the Oregon Department of Energy last week. A detailed application is expected to be submitted to the state's energy department sometime in September.

Investment Banking Services The plan acknowledges two major strengths that the support of a government agency can provide: the agency can act as a public broker and lead the path for other institutions to go solar, and it can provide bulk procurement when buying for schools, prisons and other public buildings. The plan also projects that by installing photovoltaic cells on buildings all over California, the state can tap up to 2,400 megawatts of solar power on state facilities.

Bank Investment "Now we want the Los Angeles Community College District to negotiate with the CPA low cost financing for solar installations in schools," said Kristin Casper, campaigner for Greenpeace's Clean Energy Now! Campaign. "This is the Los Angeles Community College Districts chance to make their campuses a model of the clean energy future that students, faculty and citizens around the state want to see."

Alternative Investment ENS - 2/21/2002

Topic: Energy

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