I happened to be at a meeting this AM which had an electric power industry executive at it.
They pointed out:
- They invested 10's of millions of dollars removing 90% of the emissions from their coal plants under the assurance that would suffice for decades. They borrowed money and set rates based on those promises. Now they are being told that is not good enough and they have to close the coal fired plants.
- Every utility has to have a plan that shows how they can cover 110% of known peak demand (that is why new peaks are EXPENSIVE). 8% of solar capacity and 14% of wind capacity can be counted in that plan. So 22% renewable, 78% standard. Those coal plants MUST be replaced with natural gas turbines -- that is the ONLY way to keep the grid running.
- Our grid is becoming more vulnerable. Less local generation, more power coming from longer and longer distances.
NPR was pretty dejected this AM about 5 members of the SCOTUS still not willing to go full dictatorial powers to the president. They feel it is a "national emergency" ... like a war ... this is the biggest problem of our time! No time to be hanging on tired old words in tired old documents, LET THE PRESIDENT ACT!
Why are nations pretty much required to end up as centrally run dictatorships without rule of law limiting government?
See the problem above on investment in "clean coal" and what happens when that investment is suddenly declared "not good enough" in a shorter time than was assured. Private business MUST make ENFORCEABLE contracts and make decisions on that basis! With rule of law, so must government -- but not now (at least not until a justice dies or they manage to turn one).
Why do we see reductions in investment, innovation and growth? How hard is it to see that maintaining any rule of law on this issue is one heartbeat away from being overturned?
The left cares NOTHING for "precedence" -- in fact they HATE IT! One SCOTUS justice dies, BO appoints another, and dictatorship wins on this issue!
Why would anyone invest in making existing energy sources cleaner or innovations that are "less than perfect" (whatever that is ... non-polluting, risk free, cheap, invisible, safe .... theoretical solutions can be VERY good!)
If we lived in a country with a written and REAL Constitution and separation of powers, we would not be having this discussion! ... but that is no longer where we live.
'via Blog this'