Comment of the Day in the Bangor Daily News - OAKFIELD

 

The following key comment was left by a reader in today's Bangor Daily News article entitled "Oakfield vote advances $300 million wind project in Aroostook County"

"You should be aware that these wind projects are single purpose entities with no legal recourse to the owners/principals. The investors will pull every penny of profit out of the project as long as it operates. When the time comes that the project either can no longer operate or goes broke, the principals will hand the keys over to the local community. It happened in the late 80's and early 90's in California and Maine wasn't smart enough to require sufficient escrowed funds to prevent it in the expedited law. There are still hundreds of decades old broken turbines sitting in the mountain passes of California. It is going to the same in Maine".

 

http://bangordailynews.com/2011/11/22/news/aroostook/oakfield-vote-...

 

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Comment by alice mckay barnett on November 25, 2011 at 4:56pm

looks like we are looking    ty

Comment by Dan McKay on November 25, 2011 at 1:11pm

From the EIA, Energy Information Administration, an independent agency of the DOE :

 

 

Add in power purchase agreements with RECs that go for $85 to $100 per megawatt hour . This is unbelievable money and brings about returns of investment not many industries will see. 

How towns can settle on such meager tangible benefits is beyond me.

The numbers show that small towns like Oakfield, Carthage and Roxbury could acquire a benefit that would pay every household's electric bill and this would still only be less than 15% of the subsidy gift, and far less than investor's return. I ask, who owns the playing field here. Kind of slanted one way, in my opinion. 

Comment by alice mckay barnett on November 25, 2011 at 8:27am

How
do RECs work?


All grid-tied renewable-based electricity
generators produce
two distinct products:



  • Physical
    electricity

  • RECs

Renewable
Energy
Certificates (RECs)
Chart
This diagram shows how renewable energy certificates (RECs) and electricity take different pathways to the point of end use. RECs represent the right to claim the attributes and benefits of the renewable generation source.
High
Resolution
Image

At
the point of generation, both product components can be sold together or
separately, as a bundled or unbundled product. In either case, the renewable
generator feeds the physical electricity onto the electricity grid, where it
mixes with electricity from other generation sources. Since electrons from all
generation sources are indistinguishable, it is impossible to track the physical
electrons from a specific point of generation to a specific point of use.


As
renewable generators produce electricity, they create one REC for every 1000
kilowatt-hours (or 1 megawatt-hour) of electricity placed on the grid. If the
physical electricity and the associated RECs are sold to separate buyers, the
electricity is no longer considered “renewable” or “green.” The REC product is
what conveys the attributes and benefits of the renewable electricity, not the
electricity itself.

Comment by Mike DiCenso on November 24, 2011 at 8:22pm

Meanwhile , the will sell RECs to pad their bank accounts. Oakfield should have demanded a 20% cut of REC profits but the 88 citizens who voted for the TIF were too busy thinking about how to spend their bribe money down to the Ban-goah Mall. Community benefits package... another half thought out approval by the legislature.

Comment by alice mckay barnett on November 24, 2011 at 8:09am

As Jimi Hendrix may have put it: “And the wind cries bankrupt…”

Minnesotans for Global Warming report that in the last 30 years, the United States has had 14,000 wind turbines abandoned. Apparently, once the subsidies and the wind run out, these 20-story high Cuisinarts are de-bladed and retired. This means more bats and migratory birds will live.

Hannah Pingree on the Maine expedited wind law

Hannah Pingree - Director of Maine's Office of Innovation and the Future

"Once the committee passed the wind energy bill on to the full House and Senate, lawmakers there didn’t even debate it. They passed it unanimously and with no discussion. House Majority Leader Hannah Pingree, a Democrat from North Haven, says legislators probably didn’t know how many turbines would be constructed in Maine."

https://pinetreewatch.org/wind-power-bandwagon-hits-bumps-in-the-road-3/

 

Maine as Third World Country:

CMP Transmission Rate Skyrockets 19.6% Due to Wind Power

 

Click here to read how the Maine ratepayer has been sold down the river by the Angus King cabal.

Maine Center For Public Interest Reporting – Three Part Series: A CRITICAL LOOK AT MAINE’S WIND ACT

******** IF LINKS BELOW DON'T WORK, GOOGLE THEM*********

(excerpts) From Part 1 – On Maine’s Wind Law “Once the committee passed the wind energy bill on to the full House and Senate, lawmakers there didn’t even debate it. They passed it unanimously and with no discussion. House Majority Leader Hannah Pingree, a Democrat from North Haven, says legislators probably didn’t know how many turbines would be constructed in Maine if the law’s goals were met." . – Maine Center for Public Interest Reporting, August 2010 https://www.pinetreewatchdog.org/wind-power-bandwagon-hits-bumps-in-the-road-3/From Part 2 – On Wind and Oil Yet using wind energy doesn’t lower dependence on imported foreign oil. That’s because the majority of imported oil in Maine is used for heating and transportation. And switching our dependence from foreign oil to Maine-produced electricity isn’t likely to happen very soon, says Bartlett. “Right now, people can’t switch to electric cars and heating – if they did, we’d be in trouble.” So was one of the fundamental premises of the task force false, or at least misleading?" https://www.pinetreewatchdog.org/wind-swept-task-force-set-the-rules/From Part 3 – On Wind-Required New Transmission Lines Finally, the building of enormous, high-voltage transmission lines that the regional electricity system operator says are required to move substantial amounts of wind power to markets south of Maine was never even discussed by the task force – an omission that Mills said will come to haunt the state.“If you try to put 2,500 or 3,000 megawatts in northern or eastern Maine – oh, my god, try to build the transmission!” said Mills. “It’s not just the towers, it’s the lines – that’s when I begin to think that the goal is a little farfetched.” https://www.pinetreewatchdog.org/flaws-in-bill-like-skating-with-dull-skates/

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