Skip to comments.New Hampshire smacks down cap and trade
Posted on 02/23/2011 6:05:44 PM PST by nhwingut
The New Hampshire House of Representatives today voted overwhelmingly 246 to 104 for New Hampshire to become the first state to repeal an up-and-running global warming cap-and-trade energy tax system. The state senate is expected to follow suit with a similarly veto-proof repeal. The move has major implications both in the region and nationally.
Since 2008, New Hampshire has been one of the 10 members of the Regional Greenhouse Gas Initiative (RGGI), a power plant-only cap-and-trade system that holds quarterly auctions requiring electric utilities to buy carbon dioxide permits. The cost of those permits is buried in the rate base and passed on to customers in the form of higher electricity prices. The tab is $28.2 million so far and rising the state budget estimate for the next year jumped to $70 million in hidden energy taxes under the RGGI cap-and-trade program. Moreover, the program has become a honey pot for corrupt special interest giveaways to corporations, as a recent report from Grant Bosse of the Josiah Bartlett Center showed.
(Excerpt) Read more at dailycaller.com ...
The message must get out about how corrupt the cap and trade scheme is!
Good job, NH.
New Hampshire...my home..
'Live Free or Die' baby!!
Will this affect my electricity bill?
Will this affect my heating bill?
Heating alone is $782 for around 200 gallons of propane. They just filled up the tank 3 days ago.
geez - 782 is four months of electric in Dallas (using a set payment per month program - 3,000 sq ft brick home)how does that compare with NH? Oh and our monthly gas bill is about 20.00. ( also averaged) tomorrow is will be down to 65 degrees. // silly time at the computer - hope it does not get worse for you.
Good. I hope more of those states follow suit. Unfortunately, I think I read that NJ’s Chris Christie took the cap & trade money this year and used it to help balance the budget.
Us folks in Vermont will probably be the last to back off on this, but if the other states only start following in NH’s footsteps, maybe we can dump this expensive and useless nonsense.
I moved here from Dallas after living there 12 years (in McKinney actually). It’s ridiculous. This is a 1900 sq ft home and brand new. I just haven’t been able to figure out, what the heck is the difference? I’ve got a propane furnace with central air ductwork. I think I had natural gas in the home in McKinney. I don’t recall my heating bills ever getting over something like $50-$100 for a new 2400 sq ft home there.
One thing, there isn’t ‘city’ gas like there is in Texas. Everyone has his own heating system, whether it’s propane or oil or even wood stove.
Sure it gets a heck of a lot colder, but $782 in a month? For the last year, I’ve been feeling like some folks have a scam running here.
In fact, I just toured a new home in Colorado, south of Breckenridge, where the seller mentioned the propane bill was maybe half of what we pay here.
Propane costs more than fuel oil and doesn’t have the firepower of fuel oil. You’ve got one of the most expensive heating fuels you’re using.
Looking for cap and trade supporters in the Senate to leave for Vermont tomorrow?
I am curious... is this the result of the Free State New Hampshire types? Or is the Tea Party’s doing? Either way, great going, NH.
Where are the other dozens of elected GOP members? If they can’t do the job, they shouldn’t hold the position!
European countries are opting out of cap & trade but the MSM is not reporting on it.
Not related to the free-staters; two different movements. The state just voted overwhelmingly Republican in 2010 except for governor. But, the Republicans have a veto-proof majority.
people talk about all the wonderful aspects of “rustic” communities, they forget how improtant it is to have competition that cuases prices to be competitve. stay warm, we are planting new flowers this week in Dallas.
I just built a house in southern Colorado and the propane costs scare me. I can’t quite rate numbers, but the neighbor (I have one within 5 miles) has quoted monthly propane bills of $700. My house is smaller which should cut me some slack, but that still scares me.
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