Bill McCollum for Governor - Page 3 of 5
Solving Florida’s energy issues requires an “all of the above” plan t
hat fosters the innovation needed to
change the way Florida produces, transports, and consumes energy. Florida’s demand for energy is projected to increase by 76% in the next 20 years. My energy plan will diversify Florida’s energy supply
to ensure our state is not vulnerable to volatile energy price fluctuations. Florida must invest in anenergy system that improves our economy instead of sending our money to other states and countries.Florida is the third largest market for energy in the nation. Last year, Floridians spent around $9 billion
on fossil fuels to burn in our power plants. My vision for the future will calculate the cost to Florida’s
economy of exporting wealth versus investing that money in Florida.
Diversify core electricity production and embrace nuclear power and clean coal
Americans and Floridians must be realistic about our short term energy needs and implement available,cost effective solutions. Florida currently derives almost 50% of its energy from natural gas which makesour economy vulnerable to price fluctuations. We must diversify our core electricity production andembrace nuclear power and clean coal. Nuclear power is safe, abundant, and reliable and myadministration will support responsible and timely completions of nuclear projects.-
Promote renewable fuel sources through a two-tiered approach
I strongly support the development of renewable energy using methods that protect ratepayers andprovide for significant economic development and job creation. I propose that Florida takes a two-tieredapproach to renewable energy production. First, there are abundant renewable sources, such as biomass,that are cost competitive that should be implemented now. Florida must be more aggressive in integratingavailable renewable sources into our energy portfolio. Second, expensive renewable energy sources suchas solar, wind, and the Gulf Stream must be subject to free market forces to drive down their cost andreach parity with traditional energy sources. As Governor, I will assemble the stakeholders of the newenergy economy and bring utilities, renewable generators, and entrepreneurs together to producelegislation that ensures Florida is ready for investment.-
Capitalize on a clean energy economy through regulatory reform and a commitment to innovation
From 2001 to 2008, United States clean technology investment grew from $448 million to $7.5 billion.Florida has underperformed in securing capital and must show leadership and a commitment to this sectorto increase investment. Florida has the ingredients necessary for success in a clean energy economy such
as recognized research institutions, award winning utility companies, the nation’s third largest market for
energy, and tremendous natural resources. However, Florida has lacked the leadership and vision neededto galvanize stakeholders and create a stable regulatory environment for investment. Under myleadership, Florida will show the world that its markets are open for business by creating a reputation andcommitment to innovation while removing regulatory barriers.