Power company lobbyists are telling legislators that HCR 58 "misleads the public". People in glass houses shouldn't throw stones.
1. Dominion Virginia Power, described as: "Dominion is one of the nation's largest producers and transporters of energy, with a portfolio of more than 27,600 megawatts of generation, 12,000 miles of natural gas transmission, gathering and storage pipeline and 6,000 miles of electric transmission lines", has proposed a workable alternative to the PATH project. This isn't some fantasy dreamed up overnight, but a viable plan put forth by an experienced energy corporation.
2. According to Dominion, the cost of rebuilding existing lines is reimbursed to the power company at dollar-for-dollar. Allegheny Energy & AEP's PATH project earns them a 14.3% return on equity. Follow the money -- this is why Allegheny & AEP keep insisting that we need PATH in addition to Dominion's rebuild of Mt. Storm - Doubs. AEP & Allegheny don't want to miss out on their opportunity for a new profit center with PATH.
3. AEP & Allegheny continually point to PJM Interconnection as the impartial electrical diety who "ordered them to build PATH". PJM Interconnection, a cartel of electric companies, has recently had their credibility called into question by state regulatory experts in seven states and the District of Columbia. Read about PJM's credibility problems here, here and here.
In the end, it all boils down to the almighty dollar. It's about what benefits two out-of-state energy corporations and not about what's best for the citizens and ratepayers of West Virginia. Your support of HCR 58 will demonstrate your commitment to West Virginians.
1. Dominion Virginia Power, described as: "Dominion is one of the nation's largest producers and transporters of energy, with a portfolio of more than 27,600 megawatts of generation, 12,000 miles of natural gas transmission, gathering and storage pipeline and 6,000 miles of electric transmission lines", has proposed a workable alternative to the PATH project. This isn't some fantasy dreamed up overnight, but a viable plan put forth by an experienced energy corporation.
2. According to Dominion, the cost of rebuilding existing lines is reimbursed to the power company at dollar-for-dollar. Allegheny Energy & AEP's PATH project earns them a 14.3% return on equity. Follow the money -- this is why Allegheny & AEP keep insisting that we need PATH in addition to Dominion's rebuild of Mt. Storm - Doubs. AEP & Allegheny don't want to miss out on their opportunity for a new profit center with PATH.
3. AEP & Allegheny continually point to PJM Interconnection as the impartial electrical diety who "ordered them to build PATH". PJM Interconnection, a cartel of electric companies, has recently had their credibility called into question by state regulatory experts in seven states and the District of Columbia. Read about PJM's credibility problems here, here and here.
In the end, it all boils down to the almighty dollar. It's about what benefits two out-of-state energy corporations and not about what's best for the citizens and ratepayers of West Virginia. Your support of HCR 58 will demonstrate your commitment to West Virginians.
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