“Onshore wind in New England currently demands between 9-11 cents per KWh, more than twice the wholesale price of natural gas. Offshore wind is even more expensive starting at over 18 cents a KWh. More wind energy in the fuel mix will cause upward pressure on energy prices for the life of the power purchase agreements.”
– Lisa Linowes (below)
Last week, the New England Energy Alliance of Boston released its annual survey of New England energy consumers. Paul Afonso, executive director of the Alliance and a former Massachusetts utility regulator, summed the results:
Overall, the main concern of New Englanders continues to be the economy and pocketbook issues. If voters think any policy – private or public – will bring down the cost of energy, they will support it.
But if this is the case, the survey’s findings reflect a sentiment that’s entirely contrary to New England’s current energy policies.…
Continue ReadingDespite the state’s deep economic wounds, California’s Governor Jerry Brown last month signed SB 2X that increased the state’s already ambitious renewable portfolio standard (RPS) goal from 20% to 33% by 2020. Together with the state’s Global Warming Solutions Act of 2006 (AB 32), which requires caps on greenhouse gas emissions starting next year, the new law will push up the price of electricity and further delay the Golden State’s economic recovery by permanently driving away businesses and manufacturing jobs.
Worst-Run State: Kentucky, then ….
Last October, 24/7 Wall St., a financial news and opinion electronic newsletter, ranked the best- and worst-managed states in America. The best-run state was Wyoming, which received high marks in just about every category. Wyoming is also the least-populous state, perhaps hinting at one reason for its success.…
Continue Reading“Greedy capitalism got the blame for Enron, but Enron was anything but a free-market corporation…. They were gaming the system, using politics for their own interests. That’s not free-market capitalism. That’s political capitalism.”
– Robert L. Bradley, Jr. Quoted in Leigh Brown Perkins, “Energy Surge: Robert Bradley ’77 Profile, Rollins College Magazine, Fall 2009.
The end of Enron was an unlikely new beginning for Robert Bradley ’77.
After 16 years at the energy giant, the last seven as a public policy analyst and speechwriter for CEO Ken Lay, Bradley found himself stranded when the company imploded in a firestorm of shady dealings. Like most people at Enron, he never saw it coming. “As with most Enron employees, my equity was in company stocks,” he said. “So I not only lost my job, I lost my financial cushion.…
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