Helix Wind is Bleeding Off Revenue
Helix Wind, the company that acquired Kibby Mountain Wind signed a long term contract with Central Maine Power. The contract calls for the sale of 50% of the output from the wind project for $36.50 per megawatt-hour
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Comment by Dudley G. Gray on June 23, 2022 at 7:05am
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Dan, I would sure like to see an income statement and. balance sheet for strictly Libby Wind. Both would have to provide maximum disclosure without accounting tricks, because from my limited knowledge it appears they the project operates with a net operating loss.. Selling electricity at .0365 KWH as a supply component to CMP certainly does appear to benefit CMP rate payers but also begs. the question of what CMP is paying Nextera, New Brunswick EMC,and Connstellatipn energy for their 1/3 each of CMP supply.
I'm paying .1181 KWH for my supply portion. Looks like a pretty high markup to me. Dudley
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The deranged EU bureaucrats in Brussels had been drinking the UN KOOL-AID, and were eagerly dancing to the UN climate tunes, and telling member countries not to sign long-term gas supply contracts with Russia, because it looked bad regarding fighting global warming.
https://www.windtaskforce.org/profiles/blogs/the-plot-is-thickening...I AM NOT MAKING THIS UP; JUST GOOGLE.
As a result, EU members had to buy gas on the SPOT market, which went through the roof, because Russia supplies gas only to customers with long term contracts, AS DO ALL OTHER GAS SELLERS.
Normally, the SPOT market is just a very small fraction of the total gas market, but now, IN EUROPE, it had become the 800-lb gorilla in the room.
The EU bureaucrats were PISSED at Russia, because they had thought Russia would supply gas to the SPOT market, which it did not.
The EU bureaucrat scheme fell apart, much scrambling to shift the blame, egg-on-faces every where.
IDEOLOGY-DRIVEN EU bureaucrats had shot themselves in the foot, AGAIN
All that happened in 2021, well before Ukraine, with EU gas storage levels at record lows, and WIND AND SOLAR HAVING UNDERPERFORMED FOR MONTHS.
https://www.windtaskforce.org/profiles/blogs/battery-system-capital...THE LEVEL OF EU STUPIDITY AND LACK OF REAL-WORLD INSIGHT, AND WIND/SOLAR HUBRIS, ETC., WAS ASTOUNDING TO RATIONAL OBSERVERs
The UN nutcases, and EU bureaucrats, and other Climate Posses are holding hands and dancing in a circle of deranged, positive-feedback madness.
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We all know windpower is a racket - no surprise. Look at Clifton - another scam.
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Does the other 50% go to Canada?
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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