Minnesotans this month have a chance to share their thoughts on how the state should distribute home energy rebates. With federal incentives coming in, officials want to ensure equal access to new technologies.
Starting next Wednesday, the Commerce Department will host a series of public hearings on rebates funded through the Inflation Reduction Act. Mia Naseth-Phillips, the department's director of energy programs for inclusion and equity, said this aid can help eligible households get appliances and heating and cooling systems that reduce their energy burden. She said they especially want to reach people who otherwise couldn't afford emerging technologies that make a home's carbon footprint smaller.
"And that becomes a repeated theme," she said, "that, 'I'm having a hard time paying my bills. They're very high. How can I have something that is continually combating the high costs of energy use?'"
It isn't just affordability. Naseth-Phillips said messaging about home energy upgrades often doesn't reach underserved communities. The department hopes the meetings are informative as it gathers feedback on how the rebates should be carried out. Officials have said a challenge is creating a robust network of certified contractors trained for specific installations. A list of the hearing sites and times is on the Commerce Department website.
Eric Fowler, senior policy associate for buildings for the group Fresh Energy, said heat pumps are some of the more "glitzy" items getting attention these days. However, he cited other rebate opportunities that might not be as glamorous but still get the job done.
"These rebates can also help with insulation and air sealing," he said, "which are, depending on the state of your home, might be actually more important than a solar panel."
He said there will be chances to offset the cost of upgrading a home's electrical box, along with thicker wires, to accommodate increased use of clean energy sources.
The first hearing, next Wednesday, is in Minneapolis. Remaining events are spread out across the state, including St. Cloud, Bemidji, Fergus Falls and Duluth. A hearing in Mankato was scrapped and hasn't yet been rescheduled.
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Florida Power & Light's request for a nearly $9 billion rate hike, possibly the largest in state history, has sparked concern about the potential burden on people already struggling with high energy costs.
The Florida Public Service Commission is reviewing the proposal, which the utility said is needed for grid resilience, population growth and storm recovery. If approved, the hike would raise the average residential bill by at least $200 a year by 2027, in addition to a $150 "storm recovery fee" already on bills this year.
Maria Claudia Schubert-Fontes, climate justice program manager for the advocacy group Catalyst Miami, warned the effects on low-income households could be devastating.
"Energy burden is the percentage of income that's spent on home energy bills and also is considered 'energy burdened' if it's at 6%," Schubert-Fontes explained. "So, 12% is way above that threshold and folks are spending a large portion of their income just to keep the lights on every month."
Florida Power & Light, which serves about 12 million people, has said the increase is necessary to continue providing reliable service as Florida grows. In 2024, it reported more than $4.5 billion in earnings, while its parent company NextEra Energy posted nearly $7 billion in profit.
Schubert-Fontes argued customers are already being squeezed and pointed out the proposal includes a return on equity far exceeding industry norms.
"Part of FPL's proposal is that there's an 11.9% return on equity, which is far higher than the industry standard, which sits around, like, 9%," Schubert-Fontes noted. "This is money that goes directly into the pockets of shareholders."
The Public Service Commission has completed a series of in-person hearings. Local groups urged regulators to prioritize consumers, particularly vulnerable households and fixed-income seniors. A final decision is expected later this year.
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Optimism is falling and pessimism is rising among businesses getting a read on the U.S. economy, according to a new national survey.
The findings are from the Center for Audit Quality, which gathered feedback from the nation's leading public company audit firms. The firms serve clients in a wide range of industries, from retail to mining. The spring survey showed pessimism about the U.S. economy surged to 44%, compared to just 10% last fall. Meanwhile, optimism fell to 15%.
Julie Bell Lindsay, CEO of the center, said there are a handful of key factors behind the sentiments.
"Concern about a recession, ongoing geopolitical instability, and tariff uncertainty," Lindsay outlined. "Those are the top three areas where audit partners are seeing companies concerned over the next 12 months."
The Trump administration said it remains undeterred in applying broad-based tariffs in pursuit of fair trade. Financial analysts said the approach creates less predictability for businesses with the potential for layoffs, adding some of the tariff polices have resulted in legal setbacks. White House officials hope tariffs lead to more domestic manufacturing but experts cautioned it could take years.
Among respondents, 54% said companies in their sectors are reducing employee headcounts in the current economic landscape but nearly half also are making an effort to boost the skills of existing staff. Lindsay added artificial intelligence has major appeal right now.
"The companies in the industries that they audit are mainly pursuing the use of AI to enhance customer experiences, services and support, as well as automate some work processes," Lindsay explained.
Despite the Trump administration's interest in cryptocurrency, survey results show American companies feel the situation is not right yet to jump into those markets. Of those surveyed, 96% said their clients are not having talks right now about such investments.
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As eastern Kentucky communities attempt to bounce back from a string of natural disasters, more small businesses are struggling to get back on their feet.
An upcoming series of workshops led by the nonprofit Mountain Association and AppalReD Legal Aid this month aims to help small businesses in the region better prepare for emergencies.
Jessica Epperson, Mountain Association disaster recovery coordinator, said if businesses can get up and running as quickly as possible after catastrophe, communities benefit.
"They're going to cover the topics such as the death of a business owner, legal considerations, by-sale arrangements, key-person insurance, estate planning, just to help businesses really prepare for the other side of a disaster," Epperson outlined.
Workshop participants can sign up for free one-on-one meetings with an attorney. Workshops will be held in Hazard on Wednesday, London on Thursday, Ashland on June 17 and Prestonsburg on June 18.
Epperson pointed out while many businesses receive immediate funds in the aftermath of disaster, many are unable to navigate long-term challenges.
"We're hoping that businesses will be able to learn from each other, as well as find opportunities to improve disaster recovery," Epperson explained.
Epperson stressed Appalachian Kentucky's economic stability depends on local business owners.
"By having small businesses, it's ensuring the livelihood of our communities," Epperson added. "It's a dual way of being able to support both the people and the businesses within a certain area."
According to the U.S. Small Business Administration, between March 2022 and March 2023, more than 16,000 small businesses opened in Kentucky, and around 9,500 shut their doors. As of 2024, more than 380,000 small businesses operated across the Commonwealth, employing more than 685,000 people.
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