The bad power news just keeps coming. Biden is corrupting business decisions with the incredibly stupid "Inflation Reduction Act." Companies are shuttering perfectly good fossil plants to suck up the IRA money. Then the companies have the gall to say that funding will "help the utility reduce the risks to customers of higher energy bills due to retiring stranded assets." The only reason these assets are "stranded" is the God Damned government stranded them with its horrendous energy policy.
They are going to buy new intermittent renewable energy that willl not keep the electrical system running reliably. This is utter insanity.
How can the boards of these companies make these incredibly stupid financial decisions on behalf of their customers and their boards?
Are there NO people with courage at any of these companies that will stand up and say:
- the green crap will NOT work at utility scale;
- there is no utility-scale energy storage that works with wind and solar;
- coal plants are very clean;
- no industry will have reliable power;
- consumers are going to get killed with high prices;
- people will DIE without heat or light;
- power will be intermittent;
- grid collapse is a real and growing possibility;
- manufacturers will flee the high-power-cost and unreliable power USA for other countries costing us millions of jobs;
- China, India and others are not following this suicidal energy policy
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The Craig Generating Station has operated in northwest Colorado for more than 40 years. Unit 1 at the coal-fired plant is set to close in 2025, with Units 2 and 3 scheduled to be retired no later than 2028. Courtesy: Tri-State Generation and Transmission Association | |
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