Remember SB 3 from last year? The bill that the power companies wrote that mandates NC generate 15% of its electricity from renewable resources in the next 10-12 years?
Well, now they are getting corporate welfare to meet the regulations.
Fibrowatt, an energy company that generates electricity using poultry
droppings, picked Surry County as a site for a second planned power
plant in North Carolina.
The Pennsylvania-based company is received $5.3 million in state and county incentives to build the plant at the site.
Hmm… so the power companies write a bill with mandates they know they can’t meet, now turn around and get the taxpayers to subsidize the cost of producing the power. And guess who is going to be paying higher rates for the power they generate? Yep, you guessed it… all of us.