Articles filed under Impact on Economy from USA

Dominion encouraged by new bids for offshore wind turbines, but no decision yet

A second round of bids to build two wind turbines off the Virginia Beach coast appears to have lowered the price, but Dominion Virginia Power officials haven’t decided yet whether to green-light the demonstration project. “We are optimistic, but it is a fairly hefty cost to deploy these turbines,” Mark Mitchell, a Dominion vice president, said in an interview Wednesday.
8 Apr 2016

Clarkson study: Henderson could lose $40 million in property value from Galloo Island wind project

Because Henderson wouldn’t receive any tax benefits from the wind project, its impact would be largely negative — especially for the value of waterfront properties. The analysis of property values in Henderson was based on a review of the impacts of the Wolfe Island Wind Farm on properties in Jefferson County, ...Based on the sale of 26 properties in Jefferson County with a view of the turbines on Wolfe Island, the analysis found that the value of the properties depreciated by about 15 percent after the wind farm became operational in 2009.
5 Apr 2016

Is Deepwater Wind's Block Island project worth the cost to ratepayers?

Ratepayers are expected to pay an above-market price of $440 million for Deepwater’s energy over the next two decades, according to a 2015 filing with the state Public Utilities Commission. Critics say total tab will be more than $500 million, due to added costs, like laying the cable linking Block Island to the mainland. This cost sparked the filing of a federal lawsuit last year that attempts to undo the contract between the utility company National Grid and Deepwater Wind.
23 Feb 2016

Telling the truth about Vermont's energy policy

The vast building and subsidizing of renewable energy facilities throughout Vermont will not affect climate change. ...By following these policies we will not pass on to the next generation a Vermont that is one iota cooler or more stable than it otherwise would be. It will be, however, uglier, less accessible, more expensive, and harder to find a job. Talk about a call to burn down the village in order to save it!
19 Nov 2015

$30 billion estimate burdens consumers, NextEra critics say

Eric Gleason, president of NextEra Energy Hawaii LLC, said at a Waikiki business luncheon this week that getting the state off its dependence on oil would cost $30 billion over the next three decades. ...divided among Hawaiian Electric's 455,000 ratepayers on Oahu, Maui and Hawaii island, each customer would pay an additional $183 per month for 30 years.
11 Nov 2015

Feel-good energy policy

Maybe, just maybe, some Mainers are becoming less inclined to fall in line and accept the state’s excessively generous standards for wind development. The Fort Fairfield Town Council recently approved a wind ordinance requiring turbine siting of one mile from property lines of non-participating property owners, rather than acceding to the state model — written by the wind industry — requiring setback of only 150 percent of the height of the turbine.
3 Oct 2015

The night they drove the price of electricity down

In the wee hours of the morning on Sunday, the mighty state of Texas was asleep. The honky-tonks in Austin were shuttered, the air-conditioned office towers of Houston were powered down, and the wind whistled through the dogwood trees and live oaks on the gracious lawns of Preston Hollow. Out in the desolate flats of West Texas, the same wind was turning hundreds of wind turbines, producing tons of electricity at a time when comparatively little supply was needed.
22 Sep 2015

The night they drove the price of electricity down

In the wee hours of the morning on Sunday, the mighty state of Texas was asleep. The honky-tonks in Austin were shuttered, the air-conditioned office towers of Houston were powered down, and the wind whistled through the dogwood trees and live oaks on the gracious lawns of Preston Hollow. Out in the desolate flats of West Texas, the same wind was turning hundreds of wind turbines, producing tons of electricity at a time when comparatively little supply was needed.
22 Sep 2015

R.I. businesses fear spike in energy costs

RIMA’s objection to the Deepwater Wind project is the pricing mechanism that is in place and how that was established. The overall cost for electricity generated by Deepwater Wind is about four to five times that of natural gas and other renewable sources ...The excess, above-market cost to ratepayers will be about $497 million over 20 years (not including investment tax credits, the cost for the oversize cable, and other direct projects costs).
1 Sep 2015

Waverly’s wind power fairy tale

Had the wind industry focused on home-based wind mills that let you generate free power for your house, then kick over to the paid power grid when the wind stopped, consumers might have seen some benefit. Instead wind companies pushed for “farms” where the big money could be “farmed” from power companies, who in turn “farm” the added cost from your wallet. Wind power is an inflationary fairy tale that no one is willing to tell.
4 Aug 2015

With Cape Wind Faltering, New Bedford’s Future As Offshore Wind Hub Uncertain

Matthew Beaton, the new state energy secretary, ...says he wouldn’t make that investment today. “I don’t know if, given the uncertainty of Cape Wind at that time, and the overall question marks of offshore wind development, is a $100-plus million investment the appropriate use of those funds? Could we have used those monies in a more well-suited manner?”
6 Apr 2015

Green energy from the Columbia Gorge proving costly to Cowlitz PUD ratepayers

On the plus side, the $130 million investment means the PUD satisfies state renewable energy requirements through 2027 under current law. But there’s the tiny matter of wind farms running a $1 million-per-month loss, with no profits projected anytime soon, thanks to a depressed market for the power. It’s like owning a rental home in an area with too many rentals and not enough renters and having to lease for a price that doesn’t cover your costs.
4 Apr 2015

https://www.windaction.org/posts?location=USA&p=3&topic=Impact+on+Economy&type=Article
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