For Immediate Release - May 20, 2013

AG Coakley Hosts 2013 Energy Summit

More Than 200 Industry Leaders and Officials Discuss Solutions to Drive Down Energy Costs, Increase Green Technology and Improve Economic Climate for Businesses in the Commonwealth

BOSTON – Citing the huge impact of energy policy in creating a competitive business climate, Attorney General Martha Coakley kicked off the 2013 Energy Summit by stressing the importance of addressing historically high energy costs in Massachusetts while maintaining the state’s leadership in the development of clean technologies.

The one-day summit, a new initiative announced by AG Coakley in February, gathered nearly 200 industry leaders, state officials, environmentalists and energy experts to discuss the impact increased energy costs are having on competitive business in Massachusetts as well as innovative solutions and policies moving forward.

“Energy policy is one of the great economic drivers in our Commonwealth,” AG Coakley said. “We have heard from many businesses that the high cost of energy is one of their great challenges in competing with businesses across the country. Our challenge is to advance the many benefits of our state’s leadership in clean energy policy, while mitigating the costs on businesses to help them compete and grow jobs. This summit marks the beginning of that innovative process and will lay the groundwork for future policy aimed toward making business more affordable in Massachusetts.”

AG Coakley said that Massachusetts is in a unique position to find real solutions to soaring energy costs having already enacted the Green Communities Act (GCA), while other states are just now realizing the benefits of encouraging clean energy. Although the GCA has led to short term costs of nearly $4 billion, it is estimated that the state could see more than double that in savings over the next 10 years through energy efficiency programs.

AG Coakley was joined by Department of Public Utilities (DPU) Commissioner David Cash and Department of Energy Resources (DOER) Commissioner Mark Sylvia. In addition, Chairmen of the Joint Committee on Telecommunications, Utilities & Energy Senator Benjamin Downing and Representative John Keenan are delivering remarks.

Two morning panels focus on how energy costs impact business’ ability to be competitive, and the successes and challenges they have experienced. In the afternoon, two panels examine the future of energy policy, including innovative technology and financing solutions for the Commonwealth and the region.

  • Panel 1:  Energy Costs in Massachusetts – the Challenges and the Opportunities.
  • Panel 2:  Tackling Energy Costs in Massachusetts – Navigating the Regulatory Landscape Through Examples.
  • Panel 3:  Path Forward for Massachusetts – Potential Cost Increases/Cost Cutting Alternatives.
  • Panel 4:  Path Forward for Massachusetts – Innovative Ideas and Technologies.

The summit is open to the public and is being held at the Four Points Sheraton in Norwood from 8:30 a.m. to 4:30 p.m.

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