"Socialized Electricity ?"
... Brad Watson, senior director of corporate communications for Dallas-based Luminant, said tax credits enable wind companies to sell their power at a loss onto the grid the Electricity Reliability Council of Texas operates.
"The result is it drags the rest of the pricing down," Watson said recently. "It distorts the marketplace." ...
With Texas being a separate Grid System, even they have to give away energy from wind. So the profit is in the Production Tax Credits, not the energy ! Thus the taxpayer not the ratepayer is footing the bill. Socialized Electricity - where everyone gets to pay for the few ? Those who would destroy nature rather than conserve !