Comments - "The rise and fall of SunEdison (NYSE:SUNE) is one of the stranger stories in renewable energy recently..." - Citizens' Task Force on Wind Power - Maine2024-03-29T10:35:23Zhttps://www.windtaskforce.org/profiles/comment/feed?attachedTo=4401701%3ABlogPost%3A68070&xn_auth=noSunEdisons (GLBL) Yieldco: UP…tag:www.windtaskforce.org,2015-09-30:4401701:Comment:682262015-09-30T16:39:56.367ZEric A. Tuttlehttps://www.windtaskforce.org/profile/EricATuttle
<p>SunEdisons (GLBL) Yieldco: UPDATE [not Terraform Power] (TERP)</p>
<p>Goldberg Law PC announces that it is investigating claims of potential misrepresentations by TerraForm Global, Inc. (NASDAQ:GLBL). The investigation focuses on whether the Company and its officers violated securities laws by issuing misleading information to investors. The investigation concerns whether the Company violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934. Specifically, the investigation…</p>
<p>SunEdisons (GLBL) Yieldco: UPDATE [not Terraform Power] (TERP)</p>
<p>Goldberg Law PC announces that it is investigating claims of potential misrepresentations by TerraForm Global, Inc. (NASDAQ:GLBL). The investigation focuses on whether the Company and its officers violated securities laws by issuing misleading information to investors. The investigation concerns whether the Company violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934. Specifically, the investigation will focus on whether the Company misled investors during the course of its initial public offering. Shares of the Company have fallen by nearly 50% since its initial public offering on August 4, 2015.</p>
<p>TerraForm Global, Inc. (NASDAQ:GLBL)’s stock on 28 September traded at beginning with a price of $7.91 and when day-trade ended the stock finally fell -10.31% to end at $7.13. TerraForm Global, Inc. (NASDAQ:GLBL)’s showed weekly performance of -17.76%.</p>
<p><a href="http://www.benchmarkmonitor.com/fast-moving-stocks-terraform-global-inc-nasdaqglbl-parker-hannifin-corporation-nyseph-baker-hughes-incorporated-nysebhi-alcoa-inc-nyseaa-piedmont-natural-gas-nysepny/189449/" target="_blank">LINK</a></p> The problem varies, due to su…tag:www.windtaskforce.org,2015-09-29:4401701:Comment:680892015-09-29T20:57:11.745ZEric A. Tuttlehttps://www.windtaskforce.org/profile/EricATuttle
<p>The problem varies, due to sudden weather changes, peak demands as homes/business/industry ramp up usages. The non 24 hour operations of business and Industry create enormous spikes if not engineered to ramp up slowly, while the 24 hour operation is fairly predictable as a near constant load, both of electricity and fuels. A sudden 4 hour or less change in temps up or down in New England would show a big effect and generally comes with a similar change in wind.…</p>
<p></p>
<p>The problem varies, due to sudden weather changes, peak demands as homes/business/industry ramp up usages. The non 24 hour operations of business and Industry create enormous spikes if not engineered to ramp up slowly, while the 24 hour operation is fairly predictable as a near constant load, both of electricity and fuels. A sudden 4 hour or less change in temps up or down in New England would show a big effect and generally comes with a similar change in wind.</p>
<p><a href="http://www.technologyreview.com/news/525121/molten-salts-might-provide-half-price-grid-energy-storage/" target="_blank">http://www.technologyreview.com/news/525121/molten-salts-might-provide-half-price-grid-energy-storage/</a><br/><a href="http://www.solarreserve.com/en/technology/molten-salt-energy-storage" target="_blank">http://www.solarreserve.com/en/technology/molten-salt-energy-storage</a><br/><a href="http://cleantechnica.com/2015/08/28/low-cost-molten-salt-energy-storage-solution-wins-eureka-prize/" target="_blank">http://cleantechnica.com/2015/08/28/low-cost-molten-salt-energy-storage-solution-wins-eureka-prize/</a><br/><a href="http://www.nytimes.com/2014/04/22/business/energy-environment/ice-or-molten-salt-not-batteries-to-store-energy.html?_r=0" target="_blank">http://www.nytimes.com/2014/04/22/business/energy-environment/ice-or-molten-salt-not-batteries-to-store-energy.html?_r=0</a><br/><a href="http://energystorage.org/compressed-air-energy-storage-caes" target="_blank">http://energystorage.org/compressed-air-energy-storage-caes</a><br/><a href="http://energystorage.org/energy-storage" target="_blank">http://energystorage.org/energy-storage</a></p>
<p>Though these technologies are approaching entry into the Storage sector of the electrical grid system, they too contain much in the way of CO² investment which adds to the already investment of CO² for the green energy production. The hidden CO² that no one seems to account for as we feel better about ourselves. </p> Spiking effect...intended or…tag:www.windtaskforce.org,2015-09-29:4401701:Comment:684112015-09-29T20:04:41.973ZBarbara Durkinhttps://www.windtaskforce.org/profile/BarbaraDurkin
<p>Spiking effect...intended or unintended? Is this a problem that's engineered, or that is by design, I wonder. Thank you, Eric, for your comprehensive explanations. </p>
<p>Yurica writes:</p>
<p><span class="c3">On July 13, 1998, employees of one of the two power-marketing centers in California watched incredulously as the wholesale price of $1 a megawatt hour spiked to $9,999, stayed at that price for four hours, then dropped to a penny. Someone was testing the system to find the limits…</span></p>
<p>Spiking effect...intended or unintended? Is this a problem that's engineered, or that is by design, I wonder. Thank you, Eric, for your comprehensive explanations. </p>
<p>Yurica writes:</p>
<p><span class="c3">On July 13, 1998, employees of one of the two power-marketing centers in California watched incredulously as the wholesale price of $1 a megawatt hour spiked to $9,999, stayed at that price for four hours, then dropped to a penny. Someone was testing the system to find the limits of market exploitation. [end of clip]<br/></span></p>
<p><span class="c3">You mention the need for energy storage...we will be waiting a while...</span></p>
<p><font face="arial" color="black" size="2"><font face="arial" color="black" size="2"><font face="arial" color="black" size="2"><strong>Energy storage</strong> news out of MIT is that their new prototype battery AMBRI failed to deliver hoped for results. </font></font></font></p>
<p><font face="arial" color="black" size="2"><font face="arial" color="black" size="2"><font face="arial" color="black" size="2">Now <em>bankrup</em>t is <font face="arial" color="black" size="2"><font size="2"><b>Xtreme, with Pat Wood is/was Director, of this molten battery company</b> backed by <strong>Sail Capital</strong> that is Deval Patrick's former Secretary of Energy Ian Bowles, who, last check, was Director of First Wind. <br/> <br/> Bowles undersecretary, Giudice, jumped to <b>AMBR</b>I (molten battery storage, too) favored in their policies by their energy market restructuring, 7 times. This team was ADVISED by First Wind CEO Paul Gaynor on MA green policy. By the regulations formed and implemented by MA Energy Secretary and undersecretary, citizens are encumbered by BILLIONS because project merit was Not the driver. Thus, Deval Patrick's legacy is failing green companies spawned by his cronies, the only beneficiaries. Citizens are on the hook again as <strong>Xtreme has filed for Chapter 11, and AMBRI has just laid off 25% of their workforce because their MIT prototype failed. </strong> <br/> <br/> <b><font size="4">Hawaii Free Press</font></b> <br/> <a href="http://www.hawaiifreepress.com/ArticlesMain/tabid/56/ID/15912/Kahuku-Windfarm-Batteries-Fail-Before-They-Are-Installed.aspx?utm_source=September+13%2C+2015+News+from+Hawaii+Free+Press&utm_campaign=September+13%2C+2015+Email&utm_medium=email" target="_blank">http://www.hawaiifreepress.com/ArticlesMain/tabid/56/ID/15912/Kahuku-Windfarm-Batteries-Fail-Before-They-Are-Installed.aspx?utm_source=September+13%2C+2015+News+from+Hawaii+Free+Press&utm_campaign=September+13%2C+2015+Email&utm_medium=email</a><br/> <br/> <b>Sept 13, 2015</b><br/></font></font></font></font></font></p>
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<tbody><tr><td class="Normal" align="left" width="100%"><a class="articleTitle" target="_blank" href="http://www.hawaiifreepress.com/ArticlesMain/tabid/56/ID/15912/Kahuku-Windfarm-Batteries-Fail-Before-They-Are-Installed.aspx">Kahuku Windfarm Batteries Fail Before They Are Installed</a><br/> By Andrew Walden @ 2:28 PM :: 313 Views :: <a target="_blank" href="http://www.hawaiifreepress.com/ArticlesMain/tabid/56/articleType/CategoryView/categoryId/49/Energy.aspx">Energy</a></td>
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<tbody><tr><td class="articleTextCell"><div><span style="font-family: Verdana; font-size: 13px;">by Andrew Walden</span></div>
<div><span style="font-family: Verdana; font-size: 13px;"><br/></span></div>
<div><span style="font-family: Verdana; font-size: 13px;">Remember the Kahuku Windfarm Fires? <br/></span></div>
<div><span style="font-family: Verdana; font-size: 13px;"><br/></span></div>
<div><span style="font-family: Verdana; font-size: 13px;">After the third Kahuku Windfarm Fire, in August, 2012, burned the Kahuku battery storage facility to the ground over the course of three days, Kahuku developers <span style="font-family: Verdana; font-size: 13px;">FirstWind, now part of SunEdison,</span></span> <a target="_blank" href="http://www.bizjournals.com/pacific/news/2014/03/07/ambri-plans-to-install-battery-at.html"><span style="font-family: Verdana; font-size: 13px;">came up with</span></a> <span style="font-family: Verdana; font-size: 13px;">a ‘bright’ new idea—batteries from Ambri Inc, that are already on fire because they are powered by molten magnesium and molten antimony. <br/></span></div>
<div><span style="font-family: Verdana; font-size: 13px;"><br/></span></div>
<div><span style="font-family: Verdana; font-size: 13px;">Ambri announced its ‘red hot’ scheme in November, 2013. The Hawaii Energy Excelerator then</span> <a target="_blank" href="http://venturebeat.com/2013/11/07/hawaiis-energy-excelerator-pours-15m-into-innovative-cleantech-startups-exclusive/"><span style="font-family: Verdana; font-size: 13px;">wasted money</span></a> <span style="font-family: Verdana; font-size: 13px;">‘investing’ in Ambri,</span> <a target="_blank" href="http://ililanimedia.blogspot.com/2014/03/liquid-metal-heading-to-oahus-north.html"><span style="font-family: Verdana; font-size: 13px;">on the condition</span></a> <span style="font-family: Verdana; font-size: 13px;">“that it must lead to an actual Hawaii-based project.” <em>Hawai’i Free Press</em> mocked them for once again embracing a plan which was doomed to failure in a November, 2013 article: “</span><a target="_blank" href="http://www.hawaiifreepress.com/ArticlesMain/tabid/56/ID/11066/Playing-with-Fire-Kahuku-Windfarm-to-Install-Molten-Magnesium-Batteries.aspx"><span style="font-family: Verdana; font-size: 13px;">Playing with Fire: Kahuku Windfarm to Install Molten Magnesium Batteries</span></a><span style="font-family: Verdana; font-size: 13px;">”. Notably, <em>Hawai’i Free Press</em> also mocked the original Kahuku Windfarm battery plan when it was announced in November, 2010: “</span><a target="_blank" href="http://www.hawaiifreepress.com/main/ArticlesMain/tabid/56/articleType/ArticleView/articleId/2496/Xtreme-Power-A-Piginapoke-For-Hawaii-Wind-Farm.aspx"><span style="font-family: Verdana; font-size: 13px;">Xtreme Power: A Pig-in-a-poke For Hawaii Wind Farm</span></a><span style="font-family: Verdana; font-size: 13px;">.”</span></div>
<div><span style="font-family: Verdana; font-size: 13px;"><br/></span></div>
<div><span style="font-family: Verdana; font-size: 13px;">Now Ambri has crashed and burned—precisely as we predicted. Here are the details from the</span> <a target="_blank" href="http://www.betaboston.com/news/2015/09/10/cambridge-battery-researcher-ambri-to-cut-25-percent-of-its-workforce/"><span style="font-family: Verdana; font-size: 13px;"><em>Boston Globe</em>, September 10, 2015</span></a><span style="font-family: Verdana; font-size: 13px;">:</span></div>
<blockquote><div><span style="font-family: Verdana; font-size: 13px;">Ambri Inc., an MIT spinout that has spent years creating efficient batteries that use liquid metal electrodes, will cut a quarter of its workforce because of developmental delays.</span></div>
<div><span style="font-family: Verdana; font-size: 13px;">The company cut 14 workers as a result of the slowdown, according to an e-mail from Phil Giudice, Ambri’s chief executive. Despite promising results in tests over the past year, the company’s high-temperature seal for its liquid metal battery “did not perform sufficiently well” under tests conducted this summer.</span></div>
<div><span style="font-family: Verdana; font-size: 13px;">“Ambri’s board and investors share our disappointment that progress has not happened more quickly or easily, but fully understands the accomplishments we have achieved, the challenges we face and Ambri‘s potential,” Giudice said. “The market opportunity for grid-scale energy storage is large, growing and global. Bringing new scientific discoveries in the physical sciences to commercial success is hard; <span style="text-decoration: underline;">the process is not entirely knowable</span> or amenable to predictable timelines.”</span></div>
</blockquote>
<div><span style="font-family: Verdana; font-size: 13px;">Words to the wise: “Not entirely knowable.” The unknowability of their success translates into the knowability of their failure. Research does not equal production.</span></div>
<div><span style="font-family: Verdana; font-size: 13px;">Kahuku has been <a target="_blank" href="http://www.nawindpower.com/e107_plugins/content/content.php?content.12620">back up and running</a> with a DVAR voltage-smoothing system since February, 2014. Will they now seek out a new battery scheme to funnel more Hawaii taxpayer dollars?</span></div>
<div><span style="font-family: Verdana; font-size: 13px;">Take a walk down memory lane:</span></div>
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<li><a target="_blank" href="http://www.hawaiifreepress.com/main/ArticlesMain/tabid/56/articleType/ArticleView/articleId/2496/Xtreme-Power-A-Piginapoke-For-Hawaii-Wind-Farm.aspx"><span style="font-family: Verdana; font-size: 13px;">Xtreme Power: A Pig-in-a-poke For Hawaii Wind Farm</span></a></li>
<li><a target="_blank" href="http://www.hawaiifreepress.com/ArticlesMain/tabid/56/ID/11066/Playing-with-Fire-Kahuku-Windfarm-to-Install-Molten-Magnesium-Batteries.aspx"><span style="font-family: Verdana; font-size: 13px;">Playing with Fire: Kahuku Windfarm to Install Molten Magnesium Batteries</span></a></li>
<li><a target="_blank" href="http://www.hawaiifreepress.com/ArticlesMain/tabid/56/ID/11177/Lloyds-of-London-Lawsuit-Reveals-Story-Behind-Kahuku-Windfarm-Fires.aspx"><span style="font-family: Verdana; font-size: 13px;">Lloyds of London Lawsuit Reveals Story Behind Kahuku Windfarm Fires</span></a></li>
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</table> This spiking effect happens w…tag:www.windtaskforce.org,2015-09-29:4401701:Comment:683112015-09-29T18:28:05.804ZEric A. Tuttlehttps://www.windtaskforce.org/profile/EricATuttle
<p>This spiking effect happens when renewables are not available to carry the load. First it is seen in electrical (sometimes directly in the fuel market also) demand for heating or cooling, which is transferred mostly to the fast ramp-up facilities (ie. Oil Gas Bio) which creates a price increase based on demand. That price increase is then average back through the Electrical utilities and eventually leads to rate increases for the next PUC allotted permits. Electricity is a "there or not…</p>
<p>This spiking effect happens when renewables are not available to carry the load. First it is seen in electrical (sometimes directly in the fuel market also) demand for heating or cooling, which is transferred mostly to the fast ramp-up facilities (ie. Oil Gas Bio) which creates a price increase based on demand. That price increase is then average back through the Electrical utilities and eventually leads to rate increases for the next PUC allotted permits. Electricity is a "there or not there" power source. Only through Oil reserves, Hydro reserves can its ramp up or down be regulated. Coal is a slower process but better regulated than the "there / not there" of Solar or Wind.</p>
<p>Without storage systems in place (maybe soon to come) it can not compete in availability, only that it CAN exist with strictly limited provisions. Even then the CO² issue, still holds that the CO² is invested emissions during the processes of their creation. That which is not realized once and if these things produce. A Wind Farm that is expected to produce 28% but only produces at 20% during its life, just increased its carbon footprint nearly 20% in its construction, and (not calculated) probably by 50% in the fuel sector. </p> Thank you, Eric.
Yurica prov…tag:www.windtaskforce.org,2015-09-29:4401701:Comment:684062015-09-29T17:54:12.785ZBarbara Durkinhttps://www.windtaskforce.org/profile/BarbaraDurkin
<p>Thank you, Eric. </p>
<div class="xg_user_generated"><p>Yurica provides, I added bold...</p>
<p>Ken Lay was a very useful and a very knowledgeable man to have around. <strong>He knew, for instance, of the holes in the California power market that could be exploited. He tried to warn officials about the problem in 1994 when Enron testified at a Public Utility Commission hearing.</strong> Unfortunately his advice was ignored. Enron then went with the flow. It reversed itself, endorsed the…</p>
</div>
<p>Thank you, Eric. </p>
<div class="xg_user_generated"><p>Yurica provides, I added bold...</p>
<p>Ken Lay was a very useful and a very knowledgeable man to have around. <strong>He knew, for instance, of the holes in the California power market that could be exploited. He tried to warn officials about the problem in 1994 when Enron testified at a Public Utility Commission hearing.</strong> Unfortunately his advice was ignored. Enron then went with the flow. It reversed itself, endorsed the system, and lauded the politicians for setting up what Enron knew was an exploitable and faulty infrastructure.</p>
<p>[cut] I Googled: 1994 when Enron testified at a Public Utility Commission hearing...</p>
<p>and found something interesting. </p>
<p><a rel="nofollow" href="http://ferclitigation.com/wp-content/uploads/Tabors-CV.pdf" target="_blank">http://ferclitigation.com/wp-content/uploads/Tabors-CV.pdf</a></p>
<p>I've not located the testimony, but have a possible reference to it, page 19, Source-Charles River Associates' paper. They've been a Deval Patrick administration Go To, which indicates bias in favor of what consistently fails to serve public interest. Patrick's legacy is public debt delivered by crony capitalists traveling through revolving doors driven by public welfare and greed. Evergreen Solar, A123 Systems, Beacon Power, Konarka Technologies bankruptcies have left on on the hook for millions fast approaching billions. </p>
<p>From this link, downloaded, see pg. 19: <a rel="nofollow" href="http://ferclitigation.com/wp-content/uploads/Tabors-CV.pdf" target="_blank">http://ferclitigation.com/wp-content/uploads/Tabors-CV.pdf</a></p>
<p>clip-</p>
<div style="left: 480.099px; top: 421.285px; font-size: 16.7px; font-family: sans-serif; transform: scaleX(1.01507);">Testimony before the California Public Utility Commission en banc hearings on industry restructuring, September, 1994 sponsored by Enron Capital and Trade Resources.</div>
<div style="left: 669px; top: 464.585px; font-size: 16.7px; font-family: sans-serif; transform: scaleX(1.00247);">Testimony before the Massachusetts Public Utility Commission hearings on industry restructuring. April, 1995 sponsored by Enron Capital and Trade Resources</div>
</div> Yes that was the report, Yuri…tag:www.windtaskforce.org,2015-09-29:4401701:Comment:682052015-09-29T16:07:16.756ZEric A. Tuttlehttps://www.windtaskforce.org/profile/EricATuttle
<p>Yes that was the report, Yurica's</p>
<p>Yes that was the report, Yurica's</p> Interesting, Eric. This is t…tag:www.windtaskforce.org,2015-09-29:4401701:Comment:680832015-09-29T16:00:50.219ZBarbara Durkinhttps://www.windtaskforce.org/profile/BarbaraDurkin
<p>Interesting, Eric. This is the situation in ME, below observed by Yurica? Thank you for this information that doesn't surprise me. Enron CEO Ken Lay's key policy adviser was Robert Bradley, Jr., who's blowing the whistle on wind, the Enron business model. Bradley contends wind benefits are a "Myth". Who can argue against this 16 year Enron insider's whistle-blowing disclosures that drew the ire of his boss, Ken Lay, and other chief Enron execs? </p>
<p>As the late, great Yogi Berra…</p>
<p>Interesting, Eric. This is the situation in ME, below observed by Yurica? Thank you for this information that doesn't surprise me. Enron CEO Ken Lay's key policy adviser was Robert Bradley, Jr., who's blowing the whistle on wind, the Enron business model. Bradley contends wind benefits are a "Myth". Who can argue against this 16 year Enron insider's whistle-blowing disclosures that drew the ire of his boss, Ken Lay, and other chief Enron execs? </p>
<p>As the late, great Yogi Berra famously said, “it’s déjà vu all over again.”</p>
<p>I think you're reference is specifically to this clip of Yurica's Report, thank you for securing this document/Report-</p>
<p><a href="http://www.yuricareport.com/PoliticalAnalysis/FraudinWhiteHouse.htm" target="_blank">http://www.yuricareport.com/PoliticalAnalysis/FraudinWhiteHouse.htm</a></p>
<p class="c20"><span class="c7 c3 c28">By Katherine Yurica</span></p>
<p class="c20"></p>
<p class="c6"><span class="c0">This story begins with the California energy crisis, which started in 2000 and continued through the early months of 2001, when electricity prices spiked to their highest levels. Prices went from $12 per megawatt hour in 1998 to $200 in December 2000 to $250 in January 2001, and at times a megawatt cost $1,000.</span></p>
<p class="c6"><span class="c3">One event occurred earlier. On July 13, 1998, employees of one of the two power-marketing centers in California watched incredulously as the wholesale price of $1 a megawatt hour spiked to $9,999, stayed at that price for four hours, then dropped to a penny. Someone was testing the system to find the limits of market exploitation. This incident was the earliest indication that the people and the state could become victims of fraud. The</span> <span class="c3 c5">Sacramento Bee</span><span class="c0"> broke the story three years later, on May 6, 2001.</span></p>
<p class="c6"><span class="c0">Today, Californians are still paying the costs of the debacle while according to state officials the power companies who manipulated the energy markets reaped more than $7.5 billion in unfair profits.</span></p>
<p class="c6"><span class="c0"> {cut] cont. reading by link above. <br/></span></p> The first should be downloada…tag:www.windtaskforce.org,2015-09-28:4401701:Comment:677992015-09-28T20:50:44.710ZEric A. Tuttlehttps://www.windtaskforce.org/profile/EricATuttle
<p>The first should be downloadable as a PDF of that link, the second is a viewable version. Both are in archives should this article vanish, as some tend to do.</p>
<p><a href="https://docs.google.com/document/d/1zB9xNV1imywRXFX-jcTkZqH7dTSnJw2tnEic11qE0Yk/edit?usp=sharing" target="_blank">https://docs.google.com/document/d/1zB9xNV1imywRXFX-jcTkZqH7dTSnJw2tnEic11qE0Yk/edit?usp=sharing…</a><br></br></p>
<p>The first should be downloadable as a PDF of that link, the second is a viewable version. Both are in archives should this article vanish, as some tend to do.</p>
<p><a href="https://docs.google.com/document/d/1zB9xNV1imywRXFX-jcTkZqH7dTSnJw2tnEic11qE0Yk/edit?usp=sharing" target="_blank">https://docs.google.com/document/d/1zB9xNV1imywRXFX-jcTkZqH7dTSnJw2tnEic11qE0Yk/edit?usp=sharing</a><br/><a href="https://docs.google.com/document/d/1zB9xNV1imywRXFX-jcTkZqH7dTSnJw2tnEic11qE0Yk/pub" target="_blank">https://docs.google.com/document/d/1zB9xNV1imywRXFX-jcTkZqH7dTSnJw2tnEic11qE0Yk/pub</a></p> Barbara, your link at the bot…tag:www.windtaskforce.org,2015-09-28:4401701:Comment:677982015-09-28T20:00:32.277ZEric A. Tuttlehttps://www.windtaskforce.org/profile/EricATuttle
<p>Barbara, your link at the bottom is exactly the situation where Maine sits at the moment as explained in committees in Augusta. All of Maine's renewables are suppose to be the Buffering factor that avoids this from happening (so goes the excuse (as a reasoning)). This is also true of our heating fuel sector for the same methodology of justifications. Spiking Maines heating costs, (gas or oil fired electrical) premised on electrical spikes, when the ISO-NE grid fails to keep up with…</p>
<p>Barbara, your link at the bottom is exactly the situation where Maine sits at the moment as explained in committees in Augusta. All of Maine's renewables are suppose to be the Buffering factor that avoids this from happening (so goes the excuse (as a reasoning)). This is also true of our heating fuel sector for the same methodology of justifications. Spiking Maines heating costs, (gas or oil fired electrical) premised on electrical spikes, when the ISO-NE grid fails to keep up with electrical heating demands from the predominantly higher electrical consumers of southern New England states in the name of Green Energy usage. Maine again Suffers that hit of fossil fuel spikes for a product by which they do not heat their homes. Thanks for posting this tidbit link. </p> Thank you, Eric. I agree..."…tag:www.windtaskforce.org,2015-09-28:4401701:Comment:679982015-09-28T17:29:46.628ZBarbara Durkinhttps://www.windtaskforce.org/profile/BarbaraDurkin
<p>Thank you, Eric. I agree..."ENRONII"</p>
<p>Theres' a very interesting article by Katherine Yurica that identifies <strong>Patrick Wood III "Pat Wood", former FERC Chairman. </strong></p>
<p><strong>Pat Wood</strong> is/was also the Director and part-owner of <strong>SunPower</strong> (<b>bankrupt $1.5 bn.); </b> Director of <strong>Xtreme Power (bankrupt <b>with at least ($600,000 in stimulus grants)</b>;</strong> Director of <strong>TPI Composites (</strong><b>Massachusetts Clean Energy…</b></p>
<p>Thank you, Eric. I agree..."ENRONII"</p>
<p>Theres' a very interesting article by Katherine Yurica that identifies <strong>Patrick Wood III "Pat Wood", former FERC Chairman. </strong></p>
<p><strong>Pat Wood</strong> is/was also the Director and part-owner of <strong>SunPower</strong> (<b>bankrupt $1.5 bn.); </b> Director of <strong>Xtreme Power (bankrupt <b>with at least ($600,000 in stimulus grants)</b>;</strong> Director of <strong>TPI Composites (</strong><b>Massachusetts Clean Energy Center (MassCEC) has awarded <u>TPI</u> a <u>$250,000 grant</u></b> <a href="http://www.sustainablebusiness.com/index.cfm/go/news.display/id/20936" target="_blank" title="http://www.sustainablebusiness.com/index.cfm/go/news.display/id/20936"><b>http://www.sustainablebusiness.com/index.cfm/go/news.display/id/20936</b></a></p>
<p><i>“After all, <b><u>TPI Composites</u></b> has also received accolades from Barney Frank, Debbie Wasserman Schultz, and President Obama.</i> <a href="http://www.recovery.gov/Pages/TextViewProjSummary.aspx?data=recipientAwardsList&State=IA&Agency=89&AwardType=CGL" target="_blank" title="http://www.recovery.gov/Pages/TextViewProjSummary.aspx?data=recipientAwardsList&State=IA&Agency=89&AwardType=CGL"><i>Iowa companies have received</i></a> <i>more than <b><u>$160 million in Department of Energy stimulus grants</u></b>. How unfortunate that some Republican contenders chose to endorse more of the same instead of taking the opportunity to explain</i> <a href="http://reason.com/blog/2011/03/10/reasontv-tilting-at-wind-turbi" target="_blank" title="http://reason.com/blog/2011/03/10/reasontv-tilting-at-wind-turbi"><i>the senselessness of such a system</i></a><i>. One would think that the Iowa Straw Poll would have been the optimal event to explain the free market perspective rather than acquiesce to the demands for more corporate welfare…”</i></p>
<p><strong> Pat Wood</strong> is/ was Director of <strong>Range Fuels</strong> (<b>bankrupt ($80 mil., also reported $300 mil.),</b> , <strong>Wood3Resources</strong>, <strong>Quanta Services</strong> (under <b>SEC investigation related to the Foreign Corrupt Practices Act);</b> and the Director and part-owner of <strong>SunPower, AKA ‘SunPower: Twice As Bad As Solydra, Twice as Bad for Obama’ </strong></p>
<p> <a href="http://www.humanevents.com/article.php?id=46761" title="http://www.humanevents.com/article.php?id=46761">http://www.humanevents.com/article.php?id=46761</a> </p>
<p> ...And, Wood is/was Chairman of the Board of <strong>Dynegy Inc</strong>., read below, a clip from-</p>
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<p><b><font face="Arial" size="+2">Fraud Traced to the White House</font></b> </p>
<p><b><font face="Arial" color="#999999">How California’s energy scam was inextricably<br/> linked to a war for oil scheme</font></b></p>
<p>Here's a clip-I added Bold typeface-</p>
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<p><b>Enter the Lead Villain</b></p>
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<p>That Ken Lay, the former chairman of Enron, enjoyed a long and close relationship with George Bush senior is a well-known fact. What isn’t so well known is that George W. Bush also benefited from a close relationship with Lay. No one supported the younger Bush quite like Lay. Enron executives contributed more than $2 million to George W. Bush’s political campaigns since 1999, earning Lay an open door to the governor’s office. Lay was also Bush’s number one choice for Treasury Secretary. A study authorized by Rep. Henry Waxman reveals that Enron had 112 known contacts with the Bush administration in 2001. This figure does not include seventy-three disclosed contacts between former Army Secretary Thomas White and his former colleagues at Enron. (Secretary of Defense, Donald Rumsfeld, recently fired White.)</p>
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<p>Significantly, Ken Lay was also a close friend to Dick Cheney who is a former Enron shareholder. It should come to no one’s surprise that given the relationships, Ken Lay was selected to work on the Bush energy transition team under the chairmanship of Cheney. Lay’s easiest assignment? He interviewed potential candidates for the Federal Energy Regulatory Commission, an agency that would oversee his company (and months later lead a slow, long investigation into Enron’s role in the California energy debacle). The President picked Lay’s nominee, <strong>Pat Wood</strong>, to serve as chairman of the agency.</p>
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<p>Ken Lay was a very useful and a very knowledgeable man to have around. He knew, for instance, of the holes in the California power market that could be exploited. He tried to warn officials about the problem in 1994 when Enron testified at a Public Utility Commission hearing. Unfortunately his advice was ignored. Enron then went with the flow. It reversed itself, endorsed the system, and lauded the politicians for setting up what Enron knew was an exploitable and faulty infrastructure.</p>
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<p>As events would unfold, the dark side of Enron got part of its comeuppance when the Justice Department began investigations of Enron’s role in the California energy disaster.</p>
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<p>Along with <strong>Dynegy</strong> and other power brokering companies, Enron employees were subject to federal criminal charges. One Enron employee pleaded guilty to wire fraud while <strong>Dynegy</strong> agreed to pay $5 million in fines.</p>
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<p>continue reading-</p>
<p><a href="http://www.yuricareport.com/PoliticalAnalysis/FraudinWhiteHouse.htm" target="_blank">http://www.yuricareport.com/PoliticalAnalysis/FraudinWhiteHouse.htm</a></p>
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