But only the acceleration of utility-scale renewable energy projects can take us where we need to go.
As you might imagine, the higher the ROE, the more incentive there is to build transmission. A company would never invest in our grid if the maximum ROE was 1 percent — meaning it would take 100 years to recoup the costs of a project. And if it was 100 percent, we would end up building much more transmission than we need and sticking consumers with the bill.
Now, don't you feel stupid, Bill? You should. You should also feel stupid about all those other brainless things you said in your Grist rant, like the fact that state regulators, who are complaining about FERC returns, are "misguided." What makes a financial genius like you qualified to judge the actions of professional regulators?
Yup, ol' Bill just doesn't know what he's talking about. Crash and burn.