Posted on 03/10/2024 7:12:55 PM PDT by T Ruth
A foundry in Hibbing, Minn., is closing, citing rising electricity rates as the primary reason. Northern Foundry in northeast Minnesota, the Star Tribune reports, will be shutting down and laying off 91 employees.
“Minnesota Power's repeated electricity rate increases ... mean Northern Foundry pays substantially more per kilowatt hour than MTI's other facilities,” the foundry’s parent company, Metal Technologies Inc., said in a statement, according to the Star Tribune.
Minnesota has been pursuing an aggressive effort to transition its electrical grid away from fossil fuels, and last year, the state passed a law committing to 100% renewable energy by 2040. According to Mitch Rolling and Isaac Orr, policy fellows for the Center of the American Experiment, Minnesota Power, the utility that served Northern Foundry, increased its industrial electricity prices 62% between 2009 and 2023, compared to the U.S. average of 18%.
(Excerpt) Read more at justthenews.com ...
I hope the beer tastes better now at least.
Consequences.
It will reopen in China.
It is hard to imagine a foundry running on “renewable” energy. I guess that Minnesotans think that they will live in the trees, like Ewoks, without industry.
I wonder who the soon to be former employees voted for?
Especially sad since Hibbing is located smack dab in the middle of one of the best iron ore ranges in the country. That ore will just be floated on barges out of Lake Superior and downriver to someplace that isn’t as idiotic as Minnesota.
Meh...let them learn to code.
> It will reopen in China. <
Bingo. For quite some time now America has been industry unfriendly. Taxes, regulations, and union demands are one hellish combination.
But, wait. We’ve now added something to the mix, insane greenie policies.
Factory work used to be a path for good people to make it to the middle class. That path is rapidly disappearing. And all for nothing.
A bunch more information here.... https://energybadboys.substack.com/p/green-deindustrialization-comes-to
.... and that includes the rate. It definitely has gone up a bunch but it would appear that they currently are at $0.12/kWh.
That’s what happened to the BASF plant when Brandon blew up Nordstream.
Bob Dylan is from Hibbing...
Bummer. Canada is a hundred miles away. Guess they can’t get their power transmitted. Stupid.
No loaded on ore boats and shipped south
To even get anywhere near their goal, which is pure idiocy, they will be importing coal and gas power from out of state. They can look down their noses at everyone else and say, “See, WE are 100% renewable! (Just don’t look at tue details & cost).”
Replacement climate friendly renewable energy source will be
netting sealing off thousands of Monarch butterflies flapping their wings to create wind energy.🦋🦋🦋🦋
By the way,
When a butterfly lands on you. “A butterfly landing on you is a spiritual sign that represents you in a season of transformation, growth, spiritual pursuits, and the discovery of your inner truth and wisdom,” says Panescu, and particularly when a Monarch lands you, it might offer a message that “you are on the right path and heading in the right direction.” It could also serve as a simple reminder to pay attention to what’s right in front you. “It can be a sign of being careful and grateful for what you have in your life right now,” she says.
If a butterfly flutters into your dreams, it may also indicate a transformation.
by Rebecca Norris September 28, 2023.
from Wellandgood.com
Never heard of him. Except for my tagline.
And don't forget the DEI policies that mandate a certain percentage of the workforce, even construction workers have to be BIPOC and female.
We're destroying this country. God help us if WWIII breaks out and we can't even build new munitions factories because of all this red tape.
Foundries, pipelines and metal scrapyards that use electric furnaces to melt metal are usually the favorite customers of the electric utilities, because they are the top consumers of electric power. Especially pipelines - they are just a flat line all day drawing a constant amount of power, which is easy to supply. Customers with diverse, spiking demands are more difficult to supply. Of course, any consumer of electricity is difficult to supply when your power generation is highly unreliable, as in “renewable”.
“. It definitely has gone up a bunch but it would appear that they currently are at $0.12/kWh”
Bargain, I pay 33-43 cents per kWh in the formally great state of Kalifornia.
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