Salt Lake Chamber issued the following announcement on March 1.
Utah gets its energy from a diverse set of sources. Just over one-third of our energy comes from natural gas, with a little over one-third also coming from coal. Crude oil supplies another quarter of our energy, with the remaining slice of the energy pie made up of renewable energy. Having our energy thoroughly spread among different sources helps keep costs low while ensuring enough energy for our growing state.
As our state’s population continues to grow, it will more important than ever to maintain our diverse energy portfolio. Doing so will support the aforementioned benefits, and add vital revenue and jobs to Utah’s growing economy. Currently, the energy industry in Utah hosts over 18,000 direct energy jobs in the state and generates over $670 million in state and local revenues, with 10 percent of that revenue going directly to education. As our state’s population is set to double in the next few decades, those jobs and revenue will expand, creating jobs and supporting our future workforce.
Utah’s energy industry is already helping the state plan for smart growth with one of the most affordable electricity rates in the country: 8.16 cents per kilowatt-hour. This is good for Utahns and for businesses expanding within or entering into Utah. More than being affordable, Utah is also focusing on efficient energy use. We are No. 1 in the U.S. for ENERGY STAR certified schools, and 10th for LEED (Leadership in Energy & Environmental Design) certified buildings.
As our state continues to grow, our energy demands and consumption will continue to increase. A diverse energy portfolio allows for efficient and reliable energy usage for our households and businesses. Utah also needs to seek out advancements in infrastructure and market access for our abundant energy and mineral resources to guarantee we can meet the energy needs of our growing population.
To learn more about the Salt Lake Chamber’s energy legislative priorities, visit our website.
Original source can be found here.
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