Follow the money
Credit: The Orleans Record, orleanscountyrecord.com 15 July 2011 ~~
Translate: FROM English | TO English
Translate: FROM English | TO English
Mary Powell, the CEO of Green Mountain Power (GMP), Dave Halquist, the CEO of Vermont Electric Cooperative and the Public Service Board characterize the Kingdom Community Wind Project as “cost-effective.” All imply that it is a good buy for Vermont.
Is the project a good buy for electricity? Citizens will pay an estimated $188 million more than market prices over the next 25 years for electricity from this project. So it is not “cost-effective” electricity.
Is the project a good buy for reducing CO2 emissions? Vermonters will pay $100 to avoid a metric ton of CO2 emissions with this project. Under the Renewable Portfolio Standards policy that 29 states use, CO2 emissions can be reduced for $13 – $25 a ton. So it is not a “cost-effective” way to reduce CO2 emissions, and it destroys an irreplaceable natural resource.
So if Vermont citizens are not getting a good buy, who is? The big money winner is Gaz Metro who expects a 9 percent return on their investment – a much better rate than you can get at a bank.
By voting “NO” on the VEC transmission upgrade, VEC members can help save Vermont from this project and potentially from similar projects.
You can find documentation for these facts and learn more at whyvoteno.com.
Sincerely,
Ron Holland, VEC member
Irasburg, Vt.
This article is the work of the source indicated. Any opinions expressed in it are not necessarily those of National Wind Watch.
The copyright of this article resides with the author or publisher indicated. As part of its noncommercial educational effort to present the environmental, social, scientific, and economic issues of large-scale wind power development to a global audience seeking such information, National Wind Watch endeavors to observe “fair use” as provided for in section 107 of U.S. Copyright Law and similar “fair dealing” provisions of the copyright laws of other nations. Send requests to excerpt, general inquiries, and comments via e-mail.
| Wind Watch relies entirely on User Contributions |
 (via Stripe) |
 (via Paypal) |
Share:
[ Short URL: https://wind-watch.org/news/?p=10980 ]
