The wheels are coming off New York's insane alternate-energy plans

[Leroy N. Soetoro]

https://www.msn.com/en-us/money/markets/the-wheels-are-coming-off-new-
york-s-insane-alternate-energy-plans/ar-AA1ifWMD

New York state’s insane renewable-energy plan is starting to implode; the
sooner Gov. Kathy Hochul and other leaders admit the truth, the better.

On Thursday, the state Public Service Commission nixed a request for
vastly greater subsidies — about $12 billion worth — for 90 alternate-
power projects that are supposed to provide a quarter of the state’s
electricity by 2020.

That would have doubled public support, most likely meaning huge increases
for ratepayers in a state where power already costs far above the national
average and rates are even now rising to help pay for this
“transformation.”

The companies involved say they’re facing far higher costs, thanks to
inflation, supply-chain issues and other developments since they inked the
original deals.

Many, likely most, will now look to exit.

Hochul, meanwhile, released a new “10-Point Action Plan” that rhetorically
doubles down on the state’s commitment its goals but doesn’t hold a hint
of how to pay for it.

The state’s 2019 Climate Leadership and Community Protection Act requires
cutting fossil-fuel emissions 40% by 2030 and 85% by 2050.

Solar and (mostly offshore) wind plants are supposed to replace that
electricity.

Oh, and cover the natural growth in demand for power.

Plus, New York wants everyone switching to electric cars, electric heat
and electric cooking, so these green dreams require even more growth in
electricity generation.

Again, the PSC’s (wise) ruling means the wheels are coming off the entire
alternative-energy scheme.

Fishermen, activists protest offshore wind farms near Montauk, cite recent
whale deaths
Nor is that the only blow.

For example, part of the supply-chain issue is the utter lack of ships
that can actually build the vast fields of offshore wind towers that New
York’s leaders want.

The only vessels with that capability are foreign-flagged, and so
prohibited under the federal Jones Act, a sacred cow for the American
labor movement.

Then, too, plans for a battery factory in the Hudson Valley are on the
brink of collapse after its CEO resigned, its stock cratered and its
workers got laid off.

Vancouver-based Zinc8 Energy Solutions had won $68 million in state tax
credits for a Kingston plant to manufacture long-duration energy storage
systems.

Its implosion means the imagined renewables-heavy electric grid would lack
crucial help in maintaining service when the sun isn’t shining or wind
isn’t blowing.

Meanwhile, the folks in charge of overseeing the state electric grid have
warned that this “transition” risks leaving New York City facing blackouts
as soon as 2025.

By the way, statewide conversion to electric heat would mean peak power
demand will come in the coldest months, not the hottest: So the blackouts
won’t leave people sweating uncomfortably but instead freezing in the dead
of winter.

The entire US and Western drive to end carbon emissions is a ruinous wild-
goose chase.

New York’s rush to lead the way, begun simply to boost then-Gov. Andrew
Cuomo’s presidential hopes, only guarantees that Empire Staters will
suffer the worst ruin before reality comes crashing down.


--
We live in a time where intelligent people are being silenced so that
stupid people won't be offended.

Durham Report: The FBI has an integrity problem. It has none.

No collusion - Special Counsel Robert Swan Mueller III, March 2019.
Officially made Nancy Pelosi a two-time impeachment loser.

Thank you for cleaning up the disaster of the 2008-2017 Obama / Biden
fiasco, President Trump.

Under Barack Obama's leadership, the United States of America became the
The World According To Garp. Obama sold out heterosexuals for Hollywood
queer liberal democrat donors.

President Trump boosted the economy, reduced illegal invasions, appointed
dozens of judges and three SCOTUS justices.