Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: bentway who wrote (930474)	4/14/2016 6:13:51 PM
From: PKRBKR	Read Replies (1) \| Respond to of 1575760

They were subsidized, both by the State of Texas and the Federal government.... As far as the state subsidies go, remember, this was a Republican dominated legislature I'm not certain how they got suckered in but this is funny. FACT #4 Development of transmission for turbines will cost billions more than anticipated ERCOT initially estimated the cost of transmission lines to serve the state’s growing wind fleet at $4.9 billion. Those projected costs were understated by nearly $2 billion. All told, every customer within the areas of the state’s principal power grid is on the hook for more than $1,000 to pay for the transmission lines. And then you end up paying more. Ross Baldick, a professor in the Department of Electrical and Computer Engineering at the University of Texas-Austin, calculates that the total unsubsidized cost of new wind energy in Texas at about $105-$110 per megawatt-hour. This figure includes the incremental cost of transmission lines to serve wind generators and extra charges to account for the intermittent nature of wind. He also accounts for the cost of federal tax subsidies. Thus, “wind adds about $50 per megawatt-hour to costs,” concludes Dr. Baldick.