PPH/MST Re: Angus King defends his Wind Career

This may or may not be posted as a comment in the paper.  They are screening and it is "awaiting Moderation".

 

I don't begrudge anyone from starting up a new business that they think might improve the quality of life, create jobs, make a profit, improve technology nad make Maine a leader. But Industrial Wind does nothing of those things. Gov. King's own words prove it. "I didn't see how I could credibly talk about energy in Maine (as a Senate candidate) while I was in a business that relied at least to some extent on federal support It just struck me as an obvious conflict," King said.

Entrepreneurs with ideas have always, in the past, looked to find investors who shared their ideas, put up financing of their own, and either were successful or they failed. If they were successful, they could expect to make profits. If they failed, they lost their money and went on to try something new. It is called Capitalism. The problem today is that our government has become a willing partner in these projects that have a very high rate of FAILURE. And they are doing it with OUR money, 40% of which is borrowed. There have been more than 300 failures in the last three years after companies have received federal loans or grants totalling billions of dollars, dollars we DON"T have. 

T. Boone Pickins, one of the wealthiest entrepreneurs in the country, decided that he could cash in on Wind Power in 2006. He bought land, bought turbines, spent more than $200 million of his own money, and after three years made the decision to just walk away from the project saying he could not make a profit, and he could not sell energy for four times the cost of other power. When questioned on Today, he was asked why he got out of wind, and he said, and I quote, "In wind, I lost my a**."
Sometimes it is just the right thing to walk away from an industry that is not ready for prime time. The Europeans have been at it for more than 30 years now, and still only produce between 2 and 3% of their power from wind. Many Eouopean countries are finally realizing you can't produce enough wind energy that is reliable, steady, efficient and cheap. It is the major problem that has put Spain into near bankruptcy, it has caused massive blackouts in India (many that have lasted for WEEKS and affecting more than 600 million people), and has ruined the landscape of large portions of the countryside. The transmission problems involving wind have already cost the Maine ratepayers an increase of 19.6%, and that is just a start.


Take Angus King's own words and listen to them. "I didn't see how I could credibly talk about energy in Maine (as a Senate candidate) while I was in a business that relied at least to some extent on federal support It just struck me as an obvious conflict."

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Maine as Third World Country:

CMP Transmission Rate Skyrockets 19.6% Due to Wind Power

 

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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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