To see where cap and tax will lead. California’s Utopian Renewable Energy Mandates Already Threatening Power Shortages and Higher Utility Bills
As a consequence of foolish environmental regulations, California officials express increasing alarm that the state’s renewable energy mandates threaten widespread power shortages in the near future. Blackouts, brownouts, skyrocketing energy bills – take a good look at your possible future, America.
This warning to the rest of America has been almost ten years in the making.
Over the past decade, sanctimonious California lawmakers have imposed increasingly stringent power requirements as part of their broader climate-change agenda. By 2002, legislation required utilities to produce 20% of their power from renewable sources such as wind, solar, hydroelectric, biomass and geothermal by the year 2010. By 2008, however, only 12% of California’s total electricity derived from such sources, and even this amount is misleading because 60% of that total originated from geothermal plants built long before “green power” became the latest fashion.
Despite these hard realities, California lawmakers actually toughened the state’s already-infeasible benchmarks. Following new laws and executive orders issued in just the past year, California utilities must now generate 33% of their power from renewable sources by the year 2020.
According to a recent report from state energy authorities, this stricter mandate could double the cost of achieving the previous 20% requirement, at a total exceeding $114 billion. In other words, even as California’s economy and fiscal woes reached crisis mode, lawmakers actually exacerbated these self-inflicted wounds.
Much more at the link.