Replies to post #107319 on Mohacsy's Safe Portfolio Member Forum

[santafe2]

Banning new installations of natural gas started with Berkeley, (of course it did), and is spreading across the country in states without a majority GOP legislature. In Maryland, Montgomery County, just outside DC has banned gas stoves in new buildings beginning in 2027. DC's ban begins in 2026. I'm not sure how burning natural gas and coal to create electricity to heat your stove makes sense but I'm sure the lobbyists have nice slides that show how it's the only way to go. This from the WSJ:

The sale comes as lawmakers and regulators across the U.S. debate the future of natural gas and more towns and cities look to reduce its use in homes and businesses. In response, utilities are working to determine how to modify, repurpose or sell their natural-gas delivery networks, which may risk becoming stranded assets, or facilities that retire before they pay for themselves.