MartyF | Indy Week

MartyF 
Member since Jul 5, 2007


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Re: “Committee passes energy bill

If we, the public utility ratepayers, pay up front for the new coal or nuclear plant, then WE the public ARE the investors. How about if it then becomes a publicly-held power generation plant, and the utilities are reimbursed for their general contractor expenses. Also, this sword cuts both ways. If once the construction commitment is in place it cannot then be reversed, then if in the future the more rational public policy of inducing greater conservation measures subsequently yields overcapacity, then the power production plant must still be completed. Sounds like zero-risk and zero up-front capital outlay for the stockholders of Progress Energy et. al, with no "downside." The citizenry of NC can end up holding the bag.

Posted by MartyF on 07/05/2007 at 11:59 PM

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