Energy: Greed and Elitism

Money doesn't grow on special U.S. Government trees.  The Government has no money of its own to give away.  All the Government's money comes out of your pocket in the form of taxes.  When the Government gives money away, it is giving away YOUR money.

When did the Democratic party become the face of elitism?  Ha ha ha, ho ho ho, let's gather the elite few and crack some jokes about all the "resistance" to the Democrats' plan to turn rural America into an energy serfdom to serve the cities the elite call home.

Some communities are pushing back on the idea of agricultural land and other places being used for large scale wind and solar farms.

Biden asked what the electric companies are hearing on those types of arguments, using the opportunity to also take a swipe at former President Trump, who claimed in 2019 that wind turbine noise causes cancer.

“Generic question: Are you getting less resistance when you talk about wind and windmills? I know they cause cancer,” he said, drawing laughter from the room. Experts have debunked that claim.

“Bad joke,” Biden said.

No, it's just the kind of thing a stupid, elitist asshole would say.

Why would anyone who wasn't an elitist asshole ask the greedy elite who are profiting from big wind how it's going?  Someone from Scranton who fancies himself a "regular joe" might ask the communities instead.  It wouldn't be so hard to do... it's not just "some" communities that are pushing back.  It's ALL of them.  "Some" is just a desperate attempt to mitigate the rural outrage over this invasion.

Where were the electric ratepayers or public ratepayer representatives yesterday?  They weren't invited to the elitist asshole convention at the White House.  Joe doesn't care what they think.

So, the energy elite said they would "meet with lawmakers 'every week, day in and day out' until Congress passes major clean energy tax credits."  Right, because they have a herd of expensive lobbyists who are paid to harass lawmakers every day (paid for by you).  What do you have?  No time... because you're working hard every day to pay your taxes that Joe is giving to his elitist asshole friends.

“The tax credits will make more sophisticated energy infrastructure much less expensive,” said Pat Vincent-Collawn, CEO of New Mexico-based PNM Resources Inc.

What?  Is that like a manufacturer's coupon you can spend at the grocery store that lowers the price of the item you buy?  Of course not!  Government money doesn't grow on trees.  It comes from tax payers.  The price of the energy infrastructure doesn't change... it's just about when and where the citizens pay for it... in their tax bill, or in their electric bill?

But guess what?  All these investor-owned utility CEO's are a pretty stupid bunch.  Their beloved tax credit will simply be passed through to ratepayers.... none of it will end up in the IOU profit.  But the merchant transmission developers who compete with the IOUs will get to keep the tax credit.  That's right... merchants have market based negotiated rates that are indifferent to the cost of the transmission project.  The market value for transmission service between Point A and Point B remains the same no matter how much the project costs to build.  The refundable tax credit is hundreds of millions of tax dollars right into merchant transmission developer pockets.  Is that what these silly IOU CEO's intend?  Merchant transmission would be making money hand over fist if the credits were passed.  Maybe these CEOs should rethink this whole thing...

An aggressive clean energy transition will be a pricey one, especially for the electricity industry, which is among the most capital-intensive sectors in the United States. The industry collectively spent $143.3 billion in capital expenditures in 2021, EEI said.

Regulated electric companies are allowed to recoup investments from customers, plus earn a profit. That is a key reason why electric companies are pushing Congress to pass these tax credits: It softens the blow to consumers, who eventually will pay for the transmission lines, solar arrays and wind farms.

“Those benefits actually flow through to our customers and the economy,” Akins of AEP said at the White House.

Poor Nick!  He's not the brightest bulb on the string, is he?  I guess you don't need to be when you're a member of the Elitist Asshole club. 

Prior to the event, EEI executives briefed Wall Street investors and analysts at the Nasdaq MarketSite.
There, Brian Wolff, EEI’s chief strategy officer, gave a nod to the meeting with Biden and doubled down on the electric companies’ efforts to ensure those tax credit proposals become law.

So while the CEO's are pretending these tax credits are for consumers at the White House... they had just got done telling Wall Street that the tax credits would increase corporate profit. 

Not even trying to hide their elitist asshole moves any longer.  Apparently you don't need to when the elitist assholes are in charge.

Akins said the plan to add renewables presents an opportunity to work with unions and to save customers billions of dollars. The challenge is siting and building transmission to support all of those renewables, he said.

“For us, it’s important to scope those projects,” he said. “The savings associated with the renewables will help us with the transition.”

How so, Nick, you pompous little snit?  That doesn't even make sense.  "Scope" the project?  Is that where you put a lighted camera down the project's throat... or maybe up its tookus???  Just a bunch of gobbeldy-gook buzzwords the elitist assholes throw around.  None of it has to make sense.  They all just nod importantly and agree.

Ahh... so here's the place you can thwart the elitist asshole take over.

Resist.

There's not a thing the elitist assholes can do to stop community opposition to new electric transmission.  Our elitist asshole pal Nick has lost a bunch of electric transmission fights... let's start with the PATH project; and then there was the SWEPCO Shipe Rd. to King's River Project, the WindCatcher project, and the Transource Independence Energy Connection project.  All AEP projects, all cancelled because of resistance.

Being an elitist asshole isn't all that.  How fast the tables can turn!  Contact your elected representative.  And be sure to vote in November!  We've got to get rid of these elitist assholes.