A $38 million dollar scam - and Mainers haven't seen nothing yet
And if a $38 million scam bothers you, then you should be many, many times more upset about the $1.4 billion scam called the Maine Power Reliability Project (MPRP) or CMP Upgrade, a gift to the wind industry funded by duped ratepayers which most of the powers that be deny is such a gift. In fact just this week, our so called Public Advocate in essence stated that transmission build doesn't have anything to do with wind.
The game they have played is that they will say it is not wind that causes new transmission build, but rather the need for reliability. (They simultaneously throw in misleading references like aging lines and population growth over the last 40 years). But what they don't tell you is that it is the spurting wind that creates unreliability via thermal overload of the grid and thus the very need for reliability.
They also say that Maine ratepapyers will only fund 8% of the cost, or a measly $112 million, as we are only 8% of the grid. What they don't tell you is that there could well be $30 billion in similar wind-required new transmission in the future of the states in ISO-NE (our grid), and we'll pay 8% of that too, i.e., $2.4 billion for Maine ratepayers. Divide that number by the number of Maine ratepayers and the per ratepayer cost is staggering.
But they don't tell you it's coming or that you are buying the wind industry (already grossly subsidized with your tax dollars and kept aloft with mandates) a free shipping system for their product.
With Public Advocates like this, who needs Public Enemies?
Read: "A $38 million dollar scam".
http://www.ellsworthamerican.com/opinions/editorials/a-38-million-d...
Read more here on the coming $2.4 Billion scam.
http://www.windtaskforce.org/profiles/blogs/maine-electricity-rates...
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Comment
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Comment by Eric A. Tuttle on May 2, 2015 at 11:45am
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This is where stock investors are suppose to pony up, if they feel it is a wise investment. Obviously they do not, or stock sales to raise the capital was never done. But Why? do that if Maine is so willing to allow the rate payers and taxpayers (through REC's and PTC's with Green attachments). This is where the PUC, Committee and Legislators should require them to show that either no investment capital could be raised, or require them to utilize that which they could raise as an offset to any increases. If they paid the stockholders a percentage of their profits as a dividend each period, (monthly quarterly or annual) I am sure they could make the stock sales to raise the funding. CMP use to do well in paying out to investors, but since the South African purchase, now the Spanish Iberdrola controlling ownership, Maine entities have listened to the Corporate whining of poverty asking for their fair share of corporate welfare (funded by the rate and tax payers) over the eventual gradual decline of society's ability to pay on the meager wages in Maine. If Maine is to pay only 8% of the upgrade, then $38MM is but 33% of the Tab.
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Comment by Barbara Durkin on May 2, 2015 at 11:05am
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The Senior VP for Transmission Business Development of Iberdrola Inc., makes it very clear that Maine Power Reliability Project (MPRP), or CMP Upgrade @ $1.4 billion, with cost to be passed on to ratepayers, is to integrate renewables.
https://www.iberdrolausa.com/MediaLibrary/3/9/Content%20Management/...
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And it is not Maine's reliability the EUT was presented the need. It was ISO-NE overall reliability, mostly into southern NE. They spoke of the system for the Canadian supplied areas of Aroostook County, and how it could through switching, be fed into most of Maine if needed.
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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