Posted on 09/23/2012 11:11:31 AM PDT by matt1234
Edited on 09/23/2012 2:23:41 PM PDT by Sidebar Moderator. [history]
BOISE -- The Federal Energy Regulatory Commission says Idaho Power's long-term purchase agreement with wind farms means that it must buy electricity from the farms even when demand for power is low.
The commission's decision, reached Thursday, is good news for Idaho wind farms but a loss for the state's largest utility.
(Excerpt) Read more at nwcn.com ...
Can you cite the law that states that Idaho Power would be forced into signing such a contract?
Idaho Power while regulated is a private company and as private company does not have to get the approval of all its customers prior to entering into a contract.
Maybe it’s not the same in Idaho, but in WA, voters have final say over power contracts and rates. They can’t do anything without voter approval and that is understood, it doesn’t have to be spelled out.
There are no profits in wind energy, outside of government subsidies because the power must used when it is produced, whether it is needed or not and whether there is line capacity at that time or not.
Maybe you need to buy some "wind power protection" to keep it safe.
I am not advocating for any alternative fuel source, but simply stating that parties that sign a contract should abide by the terms of the contract.
I live in WA. This is the state that determined that hydro-electric energy is a non-renewable resource. Apparently once the water has gone past the dam, it’s never coming back. A democrat-run state, what can you expect?
“They can’t do anything without voter approval and that is understood, it doesn’t have to be spelled out.”
Sorry, I did not know that Washington State was entrenched under the thumb of Marxism where the public dictated every aspect of a private company’s business.
That is pretty awesome.
Windmills in the Dustbowl Era
BUMP
I already parodied this:
http://asspos.blogspot.com/2012/09/ferc-ruling-aids-family-wind-farms.html
On the contrary, while WA State is very Marxist, the voter review of power company rate increases is as it should be because our hydro dams were built by the government and sold to private power companies. I am not sure that the actual dams were sold, but the right to operate them was sold.
Your wind farms were built with federal dollars as well, so what’s the difference?
NO I can’t cite them....I don’t own an electric utility generation company, but I know in the past other electric utilities have been forced, either by state or federal law to buy excess wind-generated power. That’s pretty much a given as far as I’m concerned. They wouldn’t be doing it in the first place if they weren’t forced to.
Tru dat...it’s just like damned ethanol....
The power producing dams in your state are not owned by private companies.
And any agreements that your power companies may have with the federal government are not relevant as to why the people of Washington State would be abel to dictate to these private companies what they can and cannot do.
And being the the federal taxpayer paid for those dams to be built in Washington State, can citizens of California, New York, Florida and Texas dictate the prices that people in Washington State pay for electricity?
Why would Idaho Power sign a long term contract to buy wind generated power when they were already forced by law to buy wind generated power?
Seems a bit redundant.
My guess is they were forced into renewing.....only a guess. Where the government is involved, one never knows. Ask the premium bond holders of GMs equity. After Obama’s henchmen got through with their threats, they got pennies on the dollar, if that.
Wind and solar generation industries are subsidized....have been almost since their inception...just like the VOLT, just like Ethanol, just like most any other industry that tickles some tree hugger’s fancy or can put large donations in a Democrat’s pocket.
This isn’t worth talking about anymore. Wasted energy...bye
I said that I wasn’t sure if the state actually sold the dams or just the rights to operate the dams, but all power companies in the state are regulated by some commission that approves or disapproves rate increases and those increases usually go to the voters first.
It’s the way it is set up here. We don’t need any “green energy”, we have enough hydro-power to supply all the power that the state needs, but they have never operated the dams at full capacity.
Wind energy is a scam. There is no money in it, outside of federal subsidies. Take away the federal subsidies and the whole wind energy industry would collapse. Studies indicate that 80% of the wind turbines that are erected cease to be operated within ten years of construction, so they just sit there, as giant eye sores.
Crap. I have to subsidize another green fail via my electric bill. My bills have been low due to good hydro power.
Heh. You won't when they blow up all the dams.
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