A Few RGGI Facts and Maine Fossil Fuel Plants
RGGI, a carbon tax scheme, charges each plant at a per ton of C02 emitted during operating times.
- RGGI has been in effect since 2008 when the price for emitting C02 was $3.30 per ton
- RGGI prices for 2022 are $13.46 per ton, a 307% increase
- Maine has 5 natural gas-fired plants and one oil-fired plant that pays into RGGI
- The proceeds from RGGI carbon purchases goes to enable Efficiency Maine Trust to spend on efficiency measures which over the period from 2008 to 2022 was supposed to lower electricity prices for Mainers. The 2022 amount EMT received = $26,799,775.00
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Comment
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Comment by Dan McKay on December 26, 2022 at 10:06am
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NECEC Payments to EMT
New England Clean Energy Connect – Settlement Funds
In 2019, the PUC approved Central Maine Power’s request to build the NECEC—a 1,200 MW transmission line traversing Maine from the Quebec border to Lewiston.6 As part of the settlement agreement approving the project, the project sponsors agreed to establish multiple funds to deliver benefits to Maine; three of the funds were to be fully administered by the Trust, and the fourth was to have been partially administered by the Trust. In FY2021 and the first part of FY2022, the Trust received settlement fund payments for a variety of initiatives—including EVs; EV chargers; variable refrigerant
flow (VRF) systems for schools; and weatherization, heat pumps, and heat pump water heaters for lowand moderate-income households—but the NECEC project was put on hold in the wake of a referendum vote and court decision in late 2021. The NECEC has suspended new settlement payments while the project is on hold pending a final decision. In January 2022, the Trust staff and Board decided to remove future payments from the FY2022 budget and replace a portion of NECEC funding in the annual budget
with available RGGI revenue. The FY2022 budget and program investment reflect NECEC settlement payments received before the suspension.
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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
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(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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