Our representatives know that the PTC is wildly unpopular. They’ve heard all the arguments. ..A stand-alone floor vote on the PTC would have put an end to its nonsense, but Congress preferred instead to coddle this costly giveaway safely in the corpulent folds of other, must-pass extender language.
“Offshore wind is essentially a government-made market that would not exist in the U.S. but for a massive intervention from Washington and an ‘at-any-cost’ mentality at the state level. Of the alleged 15,650 MW of offshore wind in DOE’s pipeline, a very small fraction represents projects proffered by private entities.”
Accepting these mitigation measures without fully understanding their effectiveness could place the lives and property of Nebraskans at risk.
Contrary to claims about fossil fuel being heavily subsidized for decades, no traditional source of electric generation has ever received an open-ended, unlimited subsidy like the PTC for every kilowatt hour of energy put on the grid.
Last April, Reuters and others reported poor winds in some western states during the first quarter of 2015. We checked the preliminary production data released by the Energy Information Administration for that period and, sure enough, the production numbers were way down. The attached spreadsheet compares Q1'15 performance against the same period in 2014. A summary of the capacity factors for the states reporting wind project information is provided below. The full data can be accessed by downloading the attachment on this page. Texas, California, Iowa, Oklahoma and Illinois, which account for 50% of total installed wind in the US, each experienced significant reductions in output for the first quarter. NextEra Energy confirmed the reduction in Texas performance during its first quarter earnings conference call.