Friday, December 3, 2010

LA Times: Green economy will hit consumers hard

Even the LA Times admits now that Jerry Brown's agenda to "greenify" will pummel the CA economy:
But state regulators have already crunched some numbers associated with the linchpin of Brown's plan: to generate one-third of the state's power from renewable sources by 2020. That could require rate hikes of as much as 14.5%, in addition to billions of dollars in private investment, according to an analysis by the state's Public Utilities Commission.

Staff at the commission, which regulates Pacific Gas & Electric, Southern California Edison, San Diego Gas & Electric and a handful of smaller utilities and sets rates for most Californians, estimates the cost of the plan at roughly $60 billion over the next decade. That is more than state taxpayers will spend on the University of California and California State University systems combined over the same period.
(emphasis mine)

Spain is the country that has pushed "green jobs" the most on record, and they've realized it has a devastating impact on the economy. So much so that they are drastically cutting government subsidies of green projects.

If you voted against Prop 23 in the last election, thanks for the price hikes. You are directly responsible.


jrleek said...

Hey, I'm actually working on a project doing simulation of the 1/3 renewables by 2020 mandate. Personally I can't see how it could even be possible since it's nearly impossible to build anything in CA. Will Feinstein let us put solar power in the Mojave yet?

Anyway, the mandate goes back before Jerry Brown. Jerry's twist is to pay off the unions by requiring all the renewables to be built in CA.

self certified genius said...

liberals figure if they outlaw everything that's bad, only good will be left. Outlaw guns, oil and profits
Encourage government, taxes and more taxes.