Utility Rate Payers are going to PAY for “Green” Stupidity (Update)
09/22/2011 12 Comments
The Sac Bee has the story HERE:
Gov. Jerry Brown will sign legislation this morning authorizing the state to raise $200 million more from utility rate-payers to subsidize the installation of photovoltaic solar panels on homes and small businesses, and also extending the Public Utility Commission’s authority to collect $83 million annually from ratepayers for similar projects.
The bills are supported by the green-energy industry but opposed by the California Chamber of Commerce, which said the increased cost would burden businesses.
What is it that Democrats do not understand about the failed renewable energy business models that depends on subsidies to survive. Taking money from you and I and then giving it to renewable energy companies that are going to charge us more for our energy use is not sustainable. They eventually run our of subsidies and we are seeing in the news every day. But, California is doubling down.
The Governor and Legislature are ignoring the fact these subsidies scraped from our utility bills will raise the cost of doing business in California. More business will be looking for the exit. Soon the only company that can make money on California will be the U-Haul Company, moving people to less expensive states.
Update (09-24-11) This is how these funds have been spend in the past. Green Vehicles has gone bankrupt, no one would buy their three wheeled electric vehicles.
“Green Vehicles was one of a handful of companies statewide to win a California Energy Commission grant for developing
“green” vehicle technologies, securing $2 million to reimburse expenses as the business grew. But with severe cash-flow problems, the state ultimately paid Green Vehicles less than $200,000.
The government is not very good at picking winners and losers. More details here.
H/T to a regular reader for this update tip.