mdn2000
VIP Member
- Banned
- #41
The cost is tremendous and completely ignored. This is being built with Federal tax money as well, the whole project is never going to turn a profit outside of mandating that consumers pay extremely high rates. These are contracts that gurantee rates for 20 years. Higher rates even if the cost of making electricity goes down.
With technology, energy production has become cheaper if we use Nuclear power or Fossil fuel, yet we will pay more money and receive less power.
Whats next, a meter on our house that the California Government can use to turn off our power when the Solar plant fails to provide the advertised energy, oh, they have that already, its called a Smart Meter.
Wall Street Journal: The Great Transmission Heist - News - News Room - United States Senator Bob Corker, Tennessee
With technology, energy production has become cheaper if we use Nuclear power or Fossil fuel, yet we will pay more money and receive less power.
Whats next, a meter on our house that the California Government can use to turn off our power when the Solar plant fails to provide the advertised energy, oh, they have that already, its called a Smart Meter.
Wall Street Journal: The Great Transmission Heist - News - News Room - United States Senator Bob Corker, Tennessee
Wall Street Journal: The Great Transmission Heist
The latest scheme to subsidize solar and wind power to the detriment of rate payers.
Review & Outlook
November 8 2010 -
How would you like to pay higher utility bills to finance expensive electricity from solar and wind power, which you would never use? That's the issue now before the Federal Energy Regulatory Commission (FERC), and it deserves more public and political scrutiny before it becomes a reality.
FERC has a draft rule that could effectively socialize the costs of paying for multi-billion dollar transmission lines to connect remote wind and solar projects to the nation's electric power grid. If FERC rules in favor of Big Wind and Big Solar, the new policy would add billions of dollars onto the utility bills of residents of at least a dozen states—including California, Michigan, Oregon and New York—that will receive little or no benefit from the new power line