FFC Advocates For Renewable Portfolio Standards By Challenging Company Ties To ALEC

April 1, 2013

Due to efforts by the American Legislation Exchange Council (ALEC) to roll back Renewable Portfolio Standards, FFC is urging some companies we own to reconsider their affiliation with the group. ALEC continues to falsely claim that such renewable energy targets are costly to ratepayers. However, non-partisan research organizations have repeatedly published data showing that a state-level renewable energy standard has no significant impact on how much energy rates have changed. In our request FFC notes that ALEC’s efforts conflict with the values and public statements of these companies we hold. Therefore we are encouraging the companies to disassociate themselves from ALEC. To read the full letter to Duke Energy, click here. To read the full letter to Comcast Corporation, click here. To read the full letter to Spectra Energy, click here. To read the full letter to GlaxoSmithKline, click here