Paul Shannon:
Harry Reid and his connections to the green energy mafia and the Bundy Ranch situation are coming out. The full connections are enormous. While most sites have stopped at the Chinese company deals, Misguided Children is moving past that, as someone has to buy the energy from them and that is Democrat supporter and Obama insider Warren Buffet. Some of the green energy mafia in Nevada did an impressive move last June that shows the groups involved with the push for green energy that has crossed into the gray area, at the very least.
Reid and the supporters of the NVision bill
The legislature in Nevada passed SB123 last June and it had many supporters. The now law is making it so that more renewable energy is used in place of coal. In a move that was celebrated by Reid and his allies in this, it shows the extent of the political power of the green energy mafia. Several of these folks involved are top donors of Harry Reid. Here is part of a Las Vegas Sun article on the celebration of passage.
While Nevada has long had a policy to invest in renewable energy, it has never before excluded a fossil fuel like coal from its energy portfolio. The policy shift comes with significant political weight behind it: NV Energy, U.S. Sen. Harry Reid, D-Nev., Republican Gov. Brian Sandoval, the state’s major casinos, the environmental lobby, and major labor unions all support the move.
The impact on the people of Nevada
This bill supported by Reid may have some good sides, but Geoffrey Lawrence of the Nevada Policy Research Institute showed the real costs of this change.
If enacted, NV Energy’s legislation would require the firm to close down at least 800 megawatts (MW) of coal‐fired electric generation capacity before the standard decommissioning date — after having constructed new renewable and natural‐gasfired power plants to replace that lost capacity.
Electric ratepayers in Nevada should find the plan alarming, since a component of the rate structure would reimburse NV Energy for the construction costs associated with building new power plants.
In other words, ratepayers would not only have to reimburse NV Energy for the costs of constructing the new renewable and natural‐gas‐fired power plants, but they would also be on the hook for all un‐depreciated and decommissioning costs for the coal‐fired plants that NV Energy now wants to close prematurely. The utility even wants to be compensated for the stockpiles of coal it has purchased, but no longer wants to use.
That is not the only cost to look at for those people in Nevada. The law celebrated by Reid has a very bad long term outlook.
NV Energy is not the first electric utility to propose a plan similar to NVision. In 2010, lawmakers in Colorado passed HB 1365,6 which allowed utilities in that state to close 900 MW of coal‐fired generating capacity ahead of schedule and construct replacement natural‐gas‐fired power plants, while forcing ratepayers to cover the cost of the fuel switch.
It is amazing what can sometimes be found out just by FOLLOWING THE MONEY.
Reid, the pedophile, has to go.