UPDATE: PG&E To Buy Wind Farm From Iberdrola Renovables
Wow! These guys sure know how to make money! When faced with a mandate to buy 20% of their raw power from renewable sources they do the smart thing, raise their rates so the consumer bears the 900 million dollar cost and demand a 100% guarantee on "their" investment!
From the Wall Street Journal article: "......PG&E has proposed collecting the cost of the wind farm from customers through a 1.1% rate increase that would start in 2012. PG&E would also likely receive a guaranteed return on the investment."
Friday, December 11, 2009
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