Just as we’re getting crunched by recession and higher prices at the pump, SB3 comes along and dims the lights in the name of global warming (and for the sake of special interests). Here’s the breakdown:
Utilities in New York, Connecticut, Massachusetts and two dozen other states may face a credit-crimping consumer backlash over costs to increase power supplies from wind and other renewable sources, Standard & Poor’s said.
A surge of so-called renewable portfolio standards in the past two years means the higher cost of wind or solar generation will be added to bills at the same time as higher prices for traditional fuels and network expansions, Ann Selting, a San Francisco-based S&P analyst, said in a report released yesterday.
Along with Albertson, co-sponsors of this piece of dung (dung burning?) were: Austin M. Allran; Bob Atwater; Stan Bingham; Julia Boseman; Janet Cowell; Walter H. Dalton; Clark Jenkins; Eleanor Kinnaird; William R. Purcell; Joe Sam Queen; John Snow; Richard Stevens; Jerry W. Tillman; David F. Weinstein.