In a sudden, unexpected burst of concern about how mandates of renewable energy harm its low-income customers, a Duke Energy executive testified Tuesday that aspects of the government-imposed schemes (mostly welcomed by public utilities) cost far more than they save, and said they are net job losers.
The admission, by Duke’s president for North Carolina (the company’s home state), came during a hearing of a state legislative commission on energy. The specific policy targeted by Paul Newton was the practice of net metering, in which individual homeowners who have installed solar panels are able to sell their electricity to a utility’s grid at the same full kilowatt-hour price that it is delivered to them from the grid.
Last year at this time NLPC reviewed 2012 as “The Year of Taxpayer ‘Green’ Waste,” and that description applied to 2013 as well. But additional trends of government opaqueness and inattention to safety and security – often related to stimulus-funded programs and their corporate beneficiaries – were also revealed.
There’s that uncomfortable juxtaposition of words again: “Tesla” and “fire.”
This time was quite an accomplishment by the electric automaker’s publicity department: they kept the Irvine, Calif. garage fire quiet for over a month. The secrecy expired on the November 15 incident when the Orange County Fire Authority attributed the incident to the EV’s re-powering set-up, according to a report obtained by Reuters.
The full implementation of the incandescent light bulb ban takes effect in two weeks, which in the U.S. government’s anti-liberty wisdom will effectively eliminate the competition to companies like Cree, Inc., who one industry analyst has said is trying to do a “land grab” of the alternative lighting market.
Besides the illegalization of the Thomas Edison’s filamentous light, Cree last week received a $30 million tax credit from the Department of Energy to expand its manufacturing in Racine, Wisc. and Durham, N.C., where it is also headquartered. That was the second installment for Cree from the Advanced Energy Manufacturing Tax Credit Program, which was funded by $2.3 billion from the Recovery Act. The first windfall for Cree from the stimulus was a $39-million tax credit, as well as $1.8 million for research and development. This is in addition to millions of dollars in federal grants and contracts, plus deals for much more with state and local governments to essentially smash perfectly good incandescents to replace them with Cree’s light-emitting diodes (LEDs).
Thirteen of Fisker Automotive executives made more than six figures in the past year, despite manufacturing zero cars.
The news was first reported Wednesday afternoon on the automotive Web site Jalopnik.com, and later in the evening by the Delaware Journal. Jalopnik often gets the scoops when electric cars catch fire. For those unaware of the ugly saga, Fisker declared bankruptcy at the end of last month after squandering more than $1.4 billion in private investment and losing $139 million of taxpayers’ money.
A survey of 400 chief financial officers at U.S. firms released yesterday said that if the country is moving toward a jobs recovery, then Obamacare will stunt it.
The findings, which received little media attention, were part of a quarterly review of corporate leaders whose fingers are on the pulse of the plans of their companies. Conducted jointly by Duke University’s highly regarded Fuqua School of Business and CFO Magazine, many of the questions have to do with how the officers feel about the outlook of the economy, but also give indications about what they will do in the future. In the final survey of 2013 (they have conducted it for 71 consecutive quarters), 48 percent of U.S. CFOs said they will consider reducing employment because of the Affordable Care Act. More than forty percent said they might move some workers to part-time status to avoid employer mandates within the health care law.
Friday’s announcement by the Obama administration that it will allow wind energy companies to kill certain bird species for 30 years without legal ramifications shows that its $1 million paltry fine of Duke Energy for avian slayings a week earlier was just for show.
Slamming the president for the application of double standards, not enforcing laws it doesn’t like, and acting unilaterally without Congressional authority is nothing new. It’s not often, though, you see such an obvious policy contradiction appear within such a short period of time. And now, without need to worry about re-election, he can pit his environmental constituencies against each other (wildlife protection vs. green energy promotion).
An incident blew up in the media this week, in which a Georgia owner of an electric car was arrested, after he plugged in his Nissan Leaf at a DeKalb County middle school without permission.
Except, unable to resist a good spin, journalists glommed on to the sympathetic portrayal of the Leaf owner’s seeming inconsequential crime: He only stole a nickel’s worth of electricity. If you didn’t dig very far into the story, you’d see the portrayal of driver Kaveh Kamooneh victimized by a cold, unyielding police officer in the Atlanta suburb of Chamblee. Worse, the officer’s boss, Sergeant Ernesto Ford, said, “I’m not sure how much electricity he stole. He broke the law. He stole something that wasn’t his.”