Great Read: Renewable energy mandates, GE and other cronies
But even better for GE is the fact that wind turbines last 20 years- at best. Thus, over the 60 year life of a typical coal plant, not only do ratepayers need to pay for a new 1,000MW (GE) gas generator, they are also compelled to buy 1,000 MW of GE wind turbines AND replace them at least two more times over 60 years.
Thus, through the magic of EPA regulation, coupled with high level PR air support from willing accomplices like Sierra Club and furthered by renewable energy mandates like the one SB310 hopes to freeze, corporate giant GE has struck a largely tax free green bonanza.
Ohio is the first state of the 29 with renewable-energy standards to pass a reduction of the standards in both legislative chambers.
Ohio legislature approves two-year freeze on renewable energy, energy efficiency standards
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on May 28, 2014 at 4:48 PM, updated May 29, 2014 at 11:53 AM
The Ohio House voted 55-42 to approve the legislation, Senate Bill 310. The Senate quickly followed with a concurrence vote.