O my followers, beware of false prophets! We are In the end times, where false prophets will misuse the scriptures to confuse and deceive you...SOLARMANMIKE, the great, the official messenger of this MB, is here to protect you from false prophets...
The holy 'PROFIT' has returned to warn you of the coming of very, very bad news...because you are not prepared to receive such news at this time, I shall withhold the bad news...
Maine utility regulators to reconsider 2 wind power projects
By ALANNA DURKIN Associated Press
02/26/2015 12:14 AM
State utility regulators decided Wednesday to reconsider agreements with two companies planning to develop wind power projects in Maine, despite widespread criticism from industry officials who said doing so would be inappropriate and set a dangerous precedent.
The Public Utilities Commission voted 2-1 in favor of reopening negotiations for the Weaver and Highland Wind projects after granting them initial approval in December.
David Littell, the only commissioner appointed by former Democratic Gov. John Baldacci who is left on the panel, said there is no basis to reconsider the proposals.
But Commissioners Mark Vannoy and Carlie McLean, both appointed by Republican Gov. Paul LePage, argued that the estimated economic benefits of the long-term contracts may have changed due to changes in the energy market over the last two months. They said it's worth re-examining the proposals to ensure that ratepayers get the best deal possible.
Wind power advocates and LePage's political opponents have questioned whether the governor is seeking to derail the projects, pointing to a letter he sent commissioners in December asking them to consider proposals from other energy resources before entering into a contract.
But McLean, who was chief legal counsel to the governor before joining the commissione this month, rejected the notion that politics influenced her decision.
Neither "the media, nor the editorialists, nor the politicians, nor the governor have a say over how I cast my vote," she said.
After signing off on the projects' terms and costs two months ago, the commission directed utility companies to enter into long-term contracts with Weaver Wind LLC, which is a subsidiary of Missouri-based SunEdison, and NextEra Energy Resources LLC, which is developing the Highland project and is based in Juno Beach, Florida. The contracts had not yet been finalized.
John Lamontagne, a SunEdison spokesman, said in an email the company would review the commission's decision and decide its next steps. He said the panel's decision to abandon the usual process for approving contracts sends "a troubling signal" to companies that want to place future bids.
NextEra did not immediately return a request for comment from The Associated Press on Wednesday.
The companies have offered to sell their power at about 5 cents per kilowatt hour, which Littell said is expected to save ratepayers up to about $70 million over the lifetime of the contracts. But Vannoy said it's unclear due to the volatility in the energy market that they would provide long-term benefits to consumers.
Vannoy was the only commissioner to vote against the contracts in December. He has since taken over as chairman, following the retirement of Thomas Welch, another LePage appointee.
LePage's administration has said the governor is interested in making sure the commission considers other options like hydropower and nuclear for long-term contracts to ensure that ratepayers get power at the lowest cost possible.
But Phil Bartlett, chairman of the Maine Democratic Party, said Wednesday the commission's decision was "clearly political." He called it the latest move in LePage's "ideological campaign against renewable energy."
LePage has sought to influence the commission before, successfully pushing to reopen the competitive bidding process for offshore wind projects last year after the panel had given initial approval for a contract to Norwegian company, Statoil. That caused Statoil to abandon its plans to build a $120 million wind facility off the coast of Maine.
Two industries are fighting over your power bill
Mary Ellen Cassidy admits she started advocating for solar energy in her hometown of Wheeling, West Virginia, for purely "selfish reasons."
"I got into this so I could find an affordable way to install solar panels in my home," Cassidy said. "But this has become so much more than that."
Cassidy, 66, works with the Wheeling Green Table, a local group that's trying to gather local businesses, churches and homeowners who may be interested in approaching a solar firm for a group discount on solar technology. But a bill that was just passed in West Virginia could put a damper on their idea.
HB 2201, which has passed but is awaiting Gov. Earl Ray Tomblin's signature, takes away the incentive of investing in solar energy systems in the coal-producing state by allowing utility companies to charge solar customers an extra fee.
"We are not a rich community, and this would really put a damper on solar development," Cassidy said. "We are hoping the governor hears from us, will stop and reconsider."
Demand for solar energy has increased in recent years as the cost of installing the systems has fallen and homeowners and businesses have tried to save money on energy bills. That in turn has prompted utilities to push back against solar's rapid encroachment on the retail market—and they're doing so in Washington and in state legislatures.
At issue is something called "net metering." It's the process by which solar owners can measure the extra power they generate from their panels, and then send it back to the grid at retail rates. That's the way such customers save on their monthly electricity bills.
Utility companies' efforts come at a time when investors are again showing signs of enthusiasm for solar stocks. Shares of First Solar and SunPower were leaping on Tuesday on news that the two plan a joint IPO. Other big solar names, such as Elon Musk'sSolarCity, were also rising Tuesday.
"We've seen utilities across the country try to eliminate solar competition," said Bryan Miller, vice president of public policy for Sunrun, a California-based solar energy company. "They're trying to manipulate the political process, but it's not working."
Still, disgruntled utility companies are taking the fight to Washington. And anti-net metering proposals have cropped up in several states including Arizona, California and Utah.
The utility industry points out that it invests in solar projects itself and presents consumers with its own solar power options, including financing. But it also believes that grid infrastructure costs should be shared among all consumers.
"We believe that public policies must recognize the value of the grid to all customers, and regulatory structures must be applied that sustainably and fairly support both the growth of rooftop solar systems and the grid infrastructure that enable the integration of these technologies," said David Owens, an executive with the Edison Electric Institute, a utillities trade association.
Miller, who is also with the Alliance for Solar Choice, a solar power advocacy group. is betting on public opinion going the way of the solar industry. In addition to increasing demand for solar power, polls show support for renewable energy to be high. In 2012, the Solar Energy Industries Association found that 92 percent of voters believe it is important for the country to develop and use more solar energy.
Groups from across the political spectrum have shown up in support of solar, including the Christian Coalition and the conservative T.U.S.K. (Tell Utilities Solar won't be Killed), which supports solar power on a free markets basis and is chaired by former congressman Barry Goldwater Jr.
"More competition is good for everyone, except the utility monopolies," Miller said. "Eventually they will lose the fight in Washington, become deregulated and broken up, because the markets have to open."
Some utilities boost solar presence
Not all traditional power companies are opposed to solar power. Many utilities are in fact setting up initiatives to work with solar firms and take advantage of the power source themselves.
Newark, New Jersey-based utility company PSE&G, for example, is developing 125 megawatts of solar capacity of its own that it plans to connect directly to the grid. That will be enough to power about 20,000 homes. The company also makes loans to qualified residential and commercial customers to help finance their solar systems.
"We have been progressive in how we view the industry," said Ted Repetti, who manages the PSE&G loan program. "We've been active to try to participate in what is happening."
That is exactly what Ed Marston says needs to happen to the entire utility industry. He is the president of Solar Energy International, a nonprofit organization that trains people in how to use renewable energy.
"Solar and wind have so much momentum behind them," he said.
Marston compared the situation to the land line telephone business at the turn of the century. It didn't disappear all at once but has declined over several years. He predicts a similar fate for big utility companies if they continue to resist renewable energy technologies.
"Resisting solar doesn't make any sense," he said. "The industry has to look ahead and say, 'We are going to lose if we don't adapt quickly.'"
'YELLING from the mountain top about a pseudo recovery' testified that new households are not forming If households cannot form, the demand for housing, home appliances and furnishings declines. College graduates return home to live with their parents, if they are able to afford college.
Falling commodities and oil prices indicate declining demand for all durable goods, housing, etc., worldwide.
The market has multiple reasons for a major sell-off, but central banks continue to inflate world markets with more than $29 trillion in fiat dollars. This will end in bloody tears. Wait, the sell-off, when it occurs, will leave many speechless and pennyless.
I have suffered huge losses in CLF; however, I have regained my losses 3 X over by day trading SPWR, SUNE, VIX and VXX...I just sold all of my SUNE...I sold about 75% of SPWR...Contrary to what the talking heads are preaching on CNBC, I believe we are ready for a major sell-off...what say you?
Wake up, it's just a dream! Wait for a 20 percent sell-off in the SCAM MARKET, before you load up on SCAMPOWER...OIL to $20.00...UNCLE SCAM IS DEAD BROKE...
Planning to unload 50% of my position in SUNE @ 23.00...ALLAH AKBAR! O my followers, do not worship the SUN GOD...
I am a fabulous investor...I have been day trading SUNE, SPWR, XIV and VXX. I'm long SPWR and SUNE...Now, this performance needs ALLAH AKBAR X 100!
An Indian fiasco? Unbelievable! Down to $15.00...
This so-called upgrade was released at around 4:00 a.m. EST...the muddaphucking gangsters upgraded it in order to short it...effing gangsters!
Clearly, shorts are not afraid of GUNG-HO-GUNHALF. Shorts are not afraid of blanks from a man who's not considered a straight shooter.
When all is said and done, he'll own Cliffs for pennies on the dollar. I sold this garbage at around $10.00, for significant losses; however, I have made back my losses by trading the VXX and XIV...CLF and the entire market will end in bloody tears...the shenanigans will come to an end in the very near future...God is watching these muddaphackers...