Prop 23 Update: Renewables costing ME money, jobs – CA cannot escape
09/30/2012 1 Comment
Maine was ahead of California in implementing a Renewable Portfolio Standard, and now we can observe the results. How will CARB and environmental wacko politicians in Sacramento keep that from happening in CA? They can’t! AB-32 will suck us into the renewable black hole along with the residence of Maine. [Maine/New Hampshire was second on our retirement location list.]
New Study Finds RPS Standards Hurting Maine’s Economy
Governor LePage advocates for reforms in Maine’s energy laws
AUGUSTA – Today, Governor Paul LePage released the following statement in regards to the study, The Economic Impact of Maine’s Renewable Portfolio Standard, conducted by the Maine Heritage Policy Center and the Beacon Hill Institute for Public Policy Research:
“By 2017, this study predicts energy prices will increase by $145 million for consumers, costing the State of Maine about 1,000 jobs. We already pay a statewide total of approximately $220 million more per year for electricity than the national average. This study shows that special interests are hurting Maine’s economy and costing us jobs. We can no longer embrace the status quo.
“Unfortunately, low cost, reliable, and green renewables, such as hydro power, are discriminated against in Augusta. Instead, those with powerful political connections have forced higher cost renewables onto the backs of Maine ratepayers. Common sense dictates that cost must be a factor when evaluating all new energy sources.
“Reforming our laws to optimize our renewable energy production will put more money in the pockets of Mainers, bring more jobs to our state, and improve our quality of life. I encourage the people of Maine to tell their legislators that we need to lower the cost of energy.”
For the full study, please visit: http://www.mainepolicy.org/wp-content/uploads/Path-to-Prosperity-Maine-RPS-Standards-092712.pdf
H/T to WUWT for the tip and link to the study.