Encouraging energy efficiency and demand side management are worthy
policy goals embodied in Indiana’s energy-efficiency resource
standard. The state’s Energizing Indiana program holds down
energy costs for Indiana ratepayers. Honeywell, Ingersoll Rand and other
leading companies with a significant presence in the state, are
concerned that Indiana’s Senate Bill 340 will undermine important
energy-efficiency initiatives. Current energy conservation efforts are
working to reduce energy costs for businesses, provide and sustain good
jobs for small businesses and manufacturers in Indiana, and generate
economic investment across the state.
In a recent poll, conducted by the National Association of
Manufacturers, 90 percent of those polled stated that they “believe it’s
important to include energy efficiency as part of our country’s energy
solutions.”
Energizing Indiana cuts waste and is a fiscally responsible way
to address the state’s energy needs. Evaluation of the 2012 program
showed a 2:1 savings versus cost ratio, and the preliminary results for
2013 suggest an equal or stronger performance. All programs need to be
evaluated and refined. Eliminating this particular initiative altogether
is the wrong choice for Indiana, its businesses and its
residents. Prudent reforms should benefit all of the state’s ratepayers.
Energy efficiency helps drive a positive business environment and
supports good, skilled jobs, like those at our companies. Related
resource standards create a more level playing field between efficiency
efforts and energy generation. Removing the Energizing Indiana
goals and requirements delays opportunities for more efficient and
sustainable communities, and removes a valuable money-saving tool for
consumers.
We ask for a dialogue to generate constructive changes to build a
successful program instead of a moratorium. Putting the program on
indefinite hold will halt activity and set the state back
years. Indiana’s leaders should reconsider the proposed legislation and
continue to support programs that deliver savings for all Indiana
businesses and residents.
About Ingersoll Rand
Ingersoll Rand (NYSE:IR) advances the quality of life by creating
comfortable, sustainable and efficient environments. Our people and our
family of brands—including Club
Car®, Ingersoll
Rand®, Thermo
King® and Trane®—work
together to enhance the quality and comfort of air in homes and
buildings; transport and protect food and perishables; and increase
industrial productivity and efficiency. We are a global business
committed to a world of sustainable progress and enduring results. For
more information, visit www.ingersollrand.com.
About Honeywell
Honeywell
(NYSE:HON) is a Fortune 100 diversified technology and manufacturing
leader, serving customers worldwide with aerospace products and
services; control technologies for buildings, homes and industry;
turbochargers; and performance materials. Based in Morris Township,
N.J., Honeywell’s shares are traded on the New York, London, and Chicago
Stock Exchanges. For more news and information on Honeywell, please
visit www.honeywellnow.com.
Copyright Business Wire 2014