In 2010, Mississippi lawmakers handed out $400 million in loans to green companies in return for providing 5,000 jobs. What did taxpayers wind up with? For the most part, Mississippi's green dream has become a black hole.
Library from Mississippi
The effects for Mississippi could be disastrous. In comments to the EPA, the Mississippi Public Service Commission predicted residential electricity bills could increase 35 percent and industrial electricity rates could skyrocket by 69 percent. The PSC also said the state’s geography and climate would preclude it from shifting onto less-reliable renewable sources such as wind and solar.
And, while I agree with Mr. Shutkin that wind power, as a source of clean and renewable energy, should and will play a role in our future energy portfolio, its role will necessarily be small because of its fundamental limitation as an energy source: wind power is ‘intermittent’, i.e. it provides energy only when the wind blows, and, as such, wind power is a source of supplemental, not ‘base load’ energy.