I'm all for a good deal, and New Mexico's deal sounds far better. I'd be interested to see the subsidies that the company receives, however. Also, I still bet that they are overpaying vs their cost. By the way the current average price for electricity is 8.74 cents per kwh in New Mexico, not 12.8 cents. Also, the only reason that a new coal plant will produce high cost electricity is because of Obama policies.
In Hawaii, solar likely makes sense, and I'm for it. I'm not expensive electricity and in our state we have access to plenty of cheap coal and natural gas.
Quote
Originally posted by: pjstrohQuote
Originally posted by: Boilerman
Here are the basics of this new solar program at Indianapolis Airport.
1. IPL produces through electricity through traditional methods for 2 cents per kwh.
2. IPL sells electricity for 8 cents per kwh
3. IPL is required by the government to buy this solar electricity at a cost of 29 cents per kwh.
PJ, do you actually believe that turning 29 cents into 2 cents is good for the economy? That money would have been spent elsewhere and a fair and equitable transfer of value would have happened.
"Indianapolis Power & Light will buy the solar farm's power. The sun-generated power will cost three to four times more than IPL can sell it for, so the utility will subsidize the difference by raising rates to its customers, a utility official said. The increase in electric bills to subsidize the solar farm amounts to several cents a month on the average customer bill, the utility has said."
https://www.usatoday.com/story/todayinthesky/2013/10/21/indianapolis-airport-solar-farm-is-largest-of-its-kind/3143705/
??? You are using an anecdote to make a broad point? I can play too!
El Paso Energy is buying solar power for half the price it pays for coal energy.
El Paso wants 15% solar but 2016
"The utility signed a 20-year power purchase agreement with the massive Macho Springs solar plant in New Mexico, a 50 megawatt (MW) facility with the capacity to power more than 18,000 homes. According to the agreement, signed last year, EPE would buy solar power from Macho Springs for 5.79 cents a kilowatt-hour — less than half the 12.8 cents per kilowatt-hour average price for electricity from new coal plants, according to Bloomberg."
But to answer your question: Yes! I do think new industries and technology are good for the economy and job creation.
Boilerman can pretend the alternative energy sector does not create jobs or hire anybody. Whatever helps him sleep at night.
Boilerman cant pretend that he has a single standard when it comes to classifying the way government gives money to corporations. He has put his double standard on full display in this thread.
