Natural Gas Plants in New York Raking in the money from New England Ratepayers

The Portland Natural Gas Transmission Service (PNGTS) is Maine's delivery system of natural gas providing natural gas for homes, industrial plants and electric generation plants. Getting natural gas into Maine is crucial as a cost-effective fuel for home heating and cooking. Portland, Bangor, Augusta, Cumberland, Yarmouth, Falmouth have natural gas service utilizing PNGTS. A recent PUC case involved BlackRock's and Morgan Stanley's purchase of PNGTS. These Big Boys " are committed to proactively exploring capital expansion opportunities for PNGTS to increase PNGTS’s capacity to provide Firm Transportation Service" (written testimony to the Maine PUC 06-05-2024).
 
Natural Gas is indispensable as the dominant fuel used to generate electricity in New England. Natural Gas is also the dominant fuel for New York electrical generation. But, why is the wholesale cost of electricity in New York consistently lower than New England? Especially during the winter? The answer is pipeline constraints, too small, too little delivered gas coming into New England.
 
Without the ability to properly feed New England Gas-Fired Electrical Generation Plants, the region must rely on imported power from New York. During this current cold snap, New York has frequently sent up to 1800 megawatts of electricity into New England. That's really nice of them, but because of the differential in wholesale prices within the two regions, New England gets hit hard. This morning the New York day ahead wholesale price was $45.82 per megawatt hour, but generators in New York received $87.20 per megawatt hour for the 1700 megawatts they were sending to New England. Both New York and New England prices are set by natural gas plants. Natural gas prices are set by ability to deliver. Delivery is through pipelines. 
Is BlackRock's and Morgan Stanley's acquisition of PNGTS going to be a solution to getting abundant amounts of natural gas into New England or are they setting up for the AI explosion coming? 

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Comment by Willem Post on February 3, 2025 at 4:45am

NEW ENGLAND ELECTRICITY 100% FROM WIND AND SOLAR by 2050?
New England would need a minimum of 10 TWh of DELIVERABLE electricity from batteries to the HV grid

Daily W/S output would be fed to the batteries, 140 TWh/y

Daily demand would be drawn from the batteries, 115 TWh/y in 2024

Roundtrip losses would be 25 TWh/y, more with aging

The battery system would cover any multi-day W/S lulls throughout the year
.
Batteries would supplement wind and solar, as needed, 24/7/365
Wind and solar would charge excess output into the batteries, 24/7/365 
.
Tesla recommends not charging to more than 80% full and not discharging to less than 20% full, to achieve normal life of 15 years and normal aging at 1.5%/y.
.
The INSTALLED battery capacity would need to be at least 10 TWh / (0.6, Tesla factor x aging factor x 0.9, outage factor) = 18.5 TWh, delivered as AC at battery outlet.
.
The turnkey cost would be about $600/installed kWh, delivered as AC at battery outlet, 2024 pricing, or $600/kWh x 18.5 billion kWh = $11.1 trillion, about every 15 years.
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THE ANNUAL ACHIEVABLE THROUGHPUT IN REAL LIFE IS AT MOST 40%
At 40% throughput, the cost of sending electricity through the batteries is about 38 c/kWh, 2024 pricing
.
This is on top of the cost of wind and solar going through the battery.
https://www.windtaskforce.org/profiles/blogs/battery-system-capital...

Comment by Willem Post on February 2, 2025 at 6:02am

High Costs/kWh of Offshore Wind Foisted onto a Brainwashed Public

 

The three main subsidies are:

Federal and state tax credits and cash grants,
5-y Accelerated Depreciation write off of the entire project
Deduction of interest of borrowed money

 

The effect of the three items is to reduce the owning and operating cost of a project by 50%, which means electricity be sold at 50% less than it costs to produce.

Utilities pay 15 c/kWh, wholesale, after 50% subsidies, for electricity from fixedoffshore wind systems

Utilities pay 18 c/kWh, wholesale, after 50% subsidies, for electricity from floating offshore wind

Utilities pay 12 c/kWh, wholesale, after 50% subsidies, for electricity from larger solar systems

.

Excluded costs, at a future 30% W/S annual penetration on the grid, the current UK level: 

- Onshore grid expansion/reinforcement, about 2 c/kWh

- Traditional power plants counteracting W/S variable output, on a less than minute-by-minute basis, 24/7/365, about 2 c/kWh

- Traditional power plants providing electricity during 1) low-wind periods, 2) high-wind periods, when rotors are locked in place, and 3) low solar periods during mornings, evenings and at night, about 2 c/kWh

- W/S electricity that could have been produced, if not curtailed, about 1 c/kWh

- Importing electricity at high prices, when W/S output is low, 1 c/kWh

- Exporting electricity at low prices, when W/S output is high, 1 c/kWh

- Disassembly at sea, reprocessing and storing at hazardous waste sites, about 2 c/kWh

Some of these values exponentially increase as more wind and solar systems are added to the grid
.
The economic/financial insanity and environmental damage of it all is off the charts.
No wonder Europe’s near-zero, real-growth economy is in such big do-do

 

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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