Our grid desperately needs it, but I have to wonder how much of this is ultimately tax payers paying for the stuff power companies should have been doing for decades. If this is another example of privatizing profits and socializing losses.
Not only that, the power companies are double dipping. Look at your bill sometime, my bill specifically has a rider for grid enhancements. It's buried in there, but I bet yours does too.
The Public Utilities Commission of Ohio in Case number 23-169-EL-RDR on August 9, 2023 approved an adjustment to Ohio Power Company's Enhanced Service Reliability Rider rate effective with this bill. A residential customer using 1,000 kWh of electricity will see an increase of $0.28 per month.
but I have to wonder how much of this is ultimately tax payers paying for the stuff power companies should have been doing for decades.
The answer is $3.5 billion.
Have a family member in renewable installation and if the local power company around me is any indication, they're gonna take the money, then charge the consumers to do what the money was supposed to be for.
Ah yes, the successor to the let’s get everyone on the broadband wagon with government assistance
You forgot the crucial bit: then not do any of it and pocket the money from both.
Should have been doing? Why? By the way its actually profitable when your power goes out. Only the state can hold them accountable, aaaaand finally the state is doing what they should have been doing for decades. Why? By the way its actually politically advantageous to kick the can down the road rather than give voters what they asked for. Biden just has nothing left to lose except his legacy, and I suppose the next election. But people will remember this dude.
This is a step in the right direction.
China is investing 13.7 trillion in their power sector to achieve net-zero emissions. 3.5 billion is rookie numbers if we want to keep up and remain competitive. At least it's a start.
Impossible. You think a trillion dollar military industrial complex funds itself?
China says they're going to do that. Meanwhile, they're still going apeshit for coal.
China's state grid corporation said investment in power may reach 13.7 trillion dollars (100 trillion yuan) by 2060. This number is not a real thing currently happening, and even if it was it'd be spread out over almost four entire decades. It's also just investment in power generally, not in reaching net zero.
I'm fine with this provided Texas doesn't get a dime.
Read the article and get your questions answered.
Good decision from the administration here. Glad union jobs will be created.
I wonder how much of this will go towards Texas? And would our governor do anything but pocket the money?
Of course. At least part of it will be spent on frivolous lawsuits and "team training" in the Bahamas.
Jfc I hate my state
My hot take is all of my money secretly goes to Texas. Texas is where all tax money goes to die.
3.5 billion ... for the US?
Are they going to pull like a single wire to the entire country or something?
Just like read the article it says what it'll do and that it's part of more spending bills to come.
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