Skelly said markets and mechanisms are critical, “so that private actors can come in and compete and beat the crap out of each other and bring costs down.”
Touche'.
We also get one of those almost analogies that Skelly spews. The ones where he tries to make an analogy, but in the same breath ends up tripping over it.
“It’s not a gale-force wind, but it’s a little bit of momentum out there in the world for us to tap into,” said Michael Skelly, the CEO of Grid United, a Houston-based transmission developer.
You would think in eight years, you would have sort of a lull, but it’s a sort of a mad dash every day to move these projects forward,” Skelly said. “It’s more like an Ironman [Triathlon], not a marathon. It’s more like a decathlon, but it goes on for eight years.”
What this story is about is the eagerness of energy companies to help themselves to the taxpayer buffet of free cheese legislated into existence by a biased and uninformed Congress. Case in point:
That “could accelerate everything we’re doing in our clean energy transition and probably provide some pretty nice [cash flow] features to fund additional capital investment,” said James Chapman, the chief financial officer at Virginia-based Dominion Energy Inc. “So it all seems pretty good.”
Gale Klappa, executive chairman of Milwaukee-based WEC Energy Group, said he expected that extensions of renewable tax credits would happen. “It’s such a sausage-making machine in Washington as you know, but if I were a betting man, I think something will pass,” Klappa said, referring to the “Build Back Better” plan under consideration through the budget reconciliation process.
When you put out the cheese, the rats will show up.
So much crap, it smells like an overflowing manure pit on an August afternoon. Also an analogy... correctly presented.