®
oundtable:
Powering the community From solar to natural gas, energy generation is evolving. Tampa Bay utility leaders discuss the challenges and changes in the industry.
Archie Collins President & CEO Tampa Electric
What is the government’s role in developing solar energy? The way I look at renewable investment, which is a central element of TECO’s strategy, is that customers want us to do this, provided that it is done at a pace they can afford. Socially, it is the right thing to do, and it falls upon private companies like Tampa Electric to determine how to make these projects cost-effective. The investments we have made – and will continue to make over the next three years – are cost-effective because they are done at scale. Having said that, the federal government can play a role in helping support innovative new technologies, including energy storage, which can further improve the economics and efficiency of renewable investments. And at the state level, a stable regulatory environment is always important to the overall health of the electricity sector. What are some of the biggest challenges facing Tampa Electric and what is your outlook for the energy industry? Climate change is certainly a worry, and as a result we are working hard to strengthen and modernize our system. Fuel supply is another concern because it all comes from out of state, and pricing can be unpredictable. This is one of the many benefits of investing in solar energy. I also think we need to improve the diversity of our workforce at all levels, so that we do a better job of reflecting the community we serve. That said, I am very optimistic about the future. This community remains a destination of choice, it is growing quickly, and the employees at Tampa Electric are proud to do their part to support and enable that growth. 84
| Invest: Tampa Bay 2021 | CONSTRUCTION & INFRASTRUCTURE
