Posted by Barry Nestande at 12:00 am on Aug 17, 2009 Comments Off on Movin’ On Down The Energy Highway
Oftentimes, legislation passed and signed into law has
unintended consequences. In no policy area is this more true
than the energy arena. One has to look no further than the
recent deregulation debacle of the 1990’s and resulting price
spikes for an illustrative example.
Further adding fuel to the fire, or jumping from the pan into
the fire (please choose a metaphor),so called "fixes" usually
don’t make it better. They usually make itworse.
Now we are poised to continue this trend. AB 32, pushed
through by the Governor, Democrats, and a few Republicans, mandates
California tooperateatunattainable levels of
alternative energy as a percentage of its energy portfolio by
unattainable dates.
Like many pieces of legislation,it is unattainable (that
word again), will foolishly spend billions more of taxpayer
dollars, will raise utility rates, and will earn even lower
approval ratings for state government –all in one misguided
law.
However, there is good news –the "fixers"
have found a loophole and identified a new source of renewable
energy they will allow to be… Read More