Author Topic: Why Was $66 Billion Spent On Renewables Before The Texas Blackouts?  (Read 233 times)

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rangerrebew

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Why Was $66 Billion Spent On Renewables Before The Texas Blackouts?

wind farmThe oldest maxim in politics is “follow the money.” That maxim also applies to electric grids.

Following the billions of dollars that have been spent on the Texas grid explains why the state continues to have electricity shortages.

On Monday, ERCOT, the state’s troubled grid operator, asked Texans to reduce their electricity use. That request came exactly four months after Texas residents were asked to conserve electricity due to a massive winter storm.

https://climatechangedispatch.com/why-was-66-billion-spent-on-renewables-before-the-texas-blackouts/

Offline thackney

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Re: Why Was $66 Billion Spent On Renewables Before The Texas Blackouts?
« Reply #1 on: June 18, 2021, 07:02:17 pm »
State Renewable Subsidies

State subsidies for renewables from 2006-21 will total about $10.3 billion by the end of the year, with
another $4.9 billion expected through 2029.

Renewable Energy Credits (REC). Texas’ Renewable Portfolio Standard (RPS). was put into place by the Texas Legislature in 1999 and expanded in 2005.

CREZ Transmission Lines. In 2005, the Texas Legislature required the Public Utility Commission of Texas (PUC) to oversee the development of CREZ transmission “in areas in which renewable energy resources and suitable land areas are sufficient to develop generating capacity from renewable energy technologies.” The PUC required construction of 2,376 miles of new transmission rights-of-way to largely benefit wind generation, with the cost to be paid by all Texas electricity consumers.

Local Renewable Subsidies

Chapter 312 and Chapter 313 Property Tax Abatements/Limitations. The Texas Legislature authorizes local governments to administer property tax abatements under sections 312 and 313 of the Tax Code.  Chapter 312 abatement, offered by counties, cities, and special purpose districts, may last up to 10 years in duration and must be conditioned upon improvements being made to the property.

https://static1.squarespace.com/static/5f08b9b336577f152f2c5c3e/t/60c250ef0c22912dbfcbb01b/1623347441627/SubsidiestoNowhere.pdf
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Offline Fishrrman

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Re: Why Was $66 Billion Spent On Renewables Before The Texas Blackouts?
« Reply #2 on: June 18, 2021, 10:23:47 pm »
Question:
Why Was $66 Billion Spent On Renewables Before The Texas Blackouts?

Answer:
To prove that "futility" really has meaning...