When paying $135 per megawatt hour is saving ratepayer money (Cough)

The PUC selected the following 6 projects on behalf of the ratepayers. How do they save us money. It would cost more to pay them by Net Energy Billing

BTW, The Latest Quarterly Report from ISO-NE Reports the Summer of 2024 wholesale average price was $39/MWhr

        The Quarterly Report for the Spring of 2024 average wholesale price = $26/MWhr

         Report for Winter 2023/2024 average wholesale price = $49/MWhr

         Repot for Fall 2023 average wholesale price = $32/MWhr

Just pile the costs of these six projects into "Stranded Costs" aka "Public Policy Costs"

"A. Project Selection
 As stated in the RFP, the Commission evaluated the submitted proposals based on the savings they would provide to ratepayers. The Commission determined savings based on the difference between: (1) the NEB compensation a project either currently receives or would receive once fully developed assuming it qualified for NEB; and (2) the proposed cost of energy and RECs generated by the project offered in response to the RFP. 
Applying this analysis, the Commission finds that the following projects have the potential to provide savings to ratepayers: 
1. – twenty year contract with energy priced at $135/MWh and an annual escalator of 2.25%; 
 2. – twenty year contract with energy priced at $135/MWh and an annual escalator of 2.25%; 
3. – twenty year contract with energy priced at $135/MWh and an annual escalator of 2.25%; 
4. – twenty year contract with energy priced at $135/MWh and an annual escalator of 2.25%; 
5. - twenty year contract with energy priced at $145/MWh and an annual escalator of 2.50%; and 
 6. - twenty year contract with energy and RECs at a combined price of $157/MWh and an annual escalator of 2.50%. "

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Comment by Willem Post on December 6, 2024 at 9:13am

Escalating $135/MWh for 20 years is shown in the table.

The Maine people will be so screwed

The names of owners of these systems are blanked out, because these are sweetheart deals owned by insider Democrats and friends, who are cashing in on the GLOBAL WARMING hoax, which has led to a statewide financial scam that screw the Maine people

$/MWh Annual increase Year 
135 0
138.038 0.0225 1
141.143 0.0225 2
144.319 0.0225 3
147.566 0.0225 4
150.886 0.0225 5
154.281 0.0225 6
157.753 0.0225 7
161.302 0.0225 8
164.932 0.0225 9
168.642 0.0225 10
172.437 0.0225 11
176.317 0.0225 12
180.284 0.0225 13
184.34 0.0225 14
188.488 0.0225 15
192.729 0.0225 16
197.065 0.0225 17
201.499 0.0225 18
206.033 0.0225 19
210.669 0.0225 20

 

Comment by Dan McKay on December 6, 2024 at 4:57am

Do you suppose there may be collusion with these characters, look at the exact same price offers and then, consider the PUC has redacted the names of the project developers. There is a wicked smell to this so-called replacement mechanism for tariff rate solar projects.

Comment by Willem Post on December 5, 2024 at 10:44am

Net Zero by 2050 is a Suicide Pact, CO2 ppm is near its lowest level in 600 million years

.https://www.windtaskforce.org/profiles/blogs/hunga-tonga-volcanic-eruption

https://www.windtaskforce.org/profiles/blogs/natural-forces-cause-p...

.

CO2, 420 ppm (0.042% presence), a weak IR photon absorber, plays almost no role absorbing IR photons compared to water vapor, 17,700 ppm (1.7% presence near the surface, due to dew, fog, mist), a strong IR photon absorber, which absorbs much of IR surface photons via its many absorption windows.

.

Any IR photons not absorbed by WV lose their energy by collision with hugely abundant air molecules.

Almost all IR surface photons are exterminated about 10 meter from the surface.

.

WV, being light, 18, compared to air, 29, rises until about 2000 m, where cooler temperatures condense it into clouds. WV ppm is greatly decreased from about 17,700 ppm near the surface to about 800 ppm at 5500 meter.

CO2 does not play any meaningful role regarding IR photon absorption, until WV ppm is greatly reduced, which is above the clouds

Any higher-altitude IR photons are colder, have less energy, have longer wavelengths that mostly are beyond the

15-micrometer absorption window of CO2.

Any such IR photons not absorbed by CO2, may:

.

1) lose their energy by collision with hugely abundant air molecules, which are spaced far apart, due to low density, or

2) travel towards outer space, or

3) travel towards earth.

.

In all instances, this IR photon activity above the clouds has a very small impact, compared to IR photon impact at the surface, which, each day, evaporates and lifts huge quantities of WV to about 2000 m, especially in the tropics and sub-tropics.

.

The tropics and sub-tropics are the engine of world’s weather.

Any harm to rainforests, due to clearcutting, extinguishes its flora and fauna

Clearcutting rain forests for ranching and crops 1) decreases the beneficial evaporation of former rain forest areas, and 2) causes more sunlight on clearcut areas, both of which have contributed to increased world temperatures, likely more than CO2 ever will.

 

 

 

 

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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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/

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