Monday, October 18, 2004 - The Progress & Freedom Foundation Blog

A Mighty (albeit Pricey) Wind

In an op ed in today's Rocky Mountain News, Ray and fellow former Colorado PUC Chairman Bob Hix oppose a proposed state statutory mandate for renewable energy. Amendment 37 would require electric retailers with more than 40,000 customers to get 3% of their electric power from renewable energy by 2007, increasing to 10% by 2015. Seems like the advocates of the amendment view it as a panacea - but as any resulting rate increase will be recovered by the utilities, they appear to forget that somebody may have to pay for it.

posted by @ 8:44 PM | Electricity