Business reporter Darren Fishell at the Bangor Daily News wrote earlier today that, “The corporate subsidy watchdog agency Good Jobs First found Central Maine Power Co. parent company Iberdrola topped the list of all recipients of federal grants and tax credits, primarily in tax credits for its renewable energy developments.” Here’s a link to the FULL STORY.
Why does that matter to you, the Maine electricity ratepayer and taxpayer? Iberdrola is a Spanish company. Now that you know, we present you with this “executive summary” of what blowing up the tops of Maine’s scenic mountains to build industrial wind factories is all about.
- The wind peddlers use federal subsidies, ratepayer subsidies and “expedited” permitting to build the turbines. They reach into YOUR pockets.
- The turbines directly and negatively impact one of Maine’s most important industries, tourism.
- The huge turbines operate only 25% of the time, because that’s how often the wind blows at required velocities in Maine.
- Because these turbines DON’T generate electricity 75% of the time, they do NOTHING to get Maine off fossil fuels. Conventional electricity power plants driven by fossil fuels must stay on line and keep the region’s electricity grid stable when the wind turbines, most of the time, are not producing electricity.
- Nevertheless, transmission lines must be built from the remote mountain turbines, so companies like Iberdrola charge Maine people for the cost of building these lines.
- Your electric rates skyrocket.
- Here’s the kicker. The transmission lines send the electricity to Massachusetts and Connecticut (not to Maine customers), so those states can claim they’re using “renewable energy.” Maine benefits not all.
So there’s your crash course in Wind Power Economics 101. You pay, the U.S. sends money and profits to Spain, and not a single climate problem gets solved.