Articles filed under Impact on Economy from California

Renewable power will cost consumers more

California's push for renewable power could prove costly to consumers. Gov. Arnold Schwarzenegger's plan to get one-third of the state's electricity from renewable sources by 2020 could cost $115 billion in new infrastructure, according to a report released Friday by the California Public Utilities Commission. Last year, a similar report from the commission estimated the cost at $60 billion.
13 Jun 2009

California's 'green jobs' experiment isn't going well

Gov. Arnold Schwarzenegger was all smiles in 2006 when he signed into law the toughest anti-global-warming regulations of any state. Mr. Schwarzenegger and his green supporters boasted that the regulations would steer California into a prosperous era of green jobs, renewable energy, and technological leadership. Instead, since 2007 -- in anticipation of the new mandates -- California has led the nation in job losses.
30 Jan 2009

Higher electricity bills in Redding's future

The nearly 8 percent rate increase Redding Electric Utility will seek Tuesday for next year and 2010 could be just the beginning of a long, steady and rather steep cost climb for customers. Rate forecasts through 2014 show REU imposing identical 7.84 percent increases each year while still chewing through wads of cash. ...Redding has made up for the lost hydropower, in part, by commissioning a pair of large gas-fired turbines at its plant on Clear Creek Road. The utility has also entered long-term contracts for wind and biomass power. The wind and biomass have allowed REU to meet state renewable energy mandates. But all three power sources cost more than twice as much as hydropower, adding $10.5 million each year on average to REU's fuel tab, Hauser said.
14 Dec 2008

California study shows high cost of renewable power

If California expands its renewable power generation to be a third of electricity delivered in the state by 2020, it may cost $60 billion, the state's utility regulator said in a report issued on Thursday. It is more costly to make electricity with renewable power -- solar, wind, geothermal and other sources that emit no or low amounts of global-warming greenhouse gases -- than with natural gas, nuclear and coal power plants. ...On Tuesday, California voters overwhelmingly -- 65 percent of the vote -- rejected a statewide ballot measure that would have required 50 percent of power to be generated from renewables by 2025.
7 Nov 2008

Critics say DWP risks lockout in looming green energy grab

Unless the DWP moves quickly to lock in contracts with alternative energy providers, it risks paying exponentially higher rates for green power to meet a 2010 deadline to double its renewable energy supply. Despite assurances from the Department of Water and Power, some city leaders are skeptical the utility will be able to meet and sustain the 20 percent renewable energy mandate set by Mayor Antonio Villaraigosa. ...customers are already paying more to cover the transition to green power. The DWP can and has tacked on a surcharge of as much as 4 percent a year to customer bills to cover renewable energy and natural gas expenses.
19 Oct 2008

Let's not give up fireplace

Evidence is everywhere, though, that the population of California is growing and will continue to grow into the foreseeable future. If we do not create more energy, the per capita amount available will decline. ...Proposed alternate sources of energy - wind, solar or bio-sourced - have their virtues and their shortcomings. To imagine that they would somehow supplant current sources of energy or might be sufficient to supply future demand, is the product of a fervent puerile imagination. (The technical term for this kind of thinking is "scientific sciolism,") ... To date, the execution of the alternate energy resource program has distorted market realities, causing consumer prices to go up directly and indirectly.
25 Nov 2007
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