A loose coalition of offshore wind opponents is forming from North Carolina to New England to the Great Lakes to question or challenge the expanding list of proposed projects. The Thomas Jefferson Institute for Public Policy has affiliated with the coalition, with our concerns over Dominion Energy Virginia’s proposed 5,280 megawatt project basically being economic. Massive worldwide economic forces are behind this push, most of them positioning the company to earn substantial profits from energy ratepayers. The Virginia State Corporation Commission, basically under orders from the General Assembly to approve the offshore wind proposed by Dominion, has estimated the all-in consumer cost of the Dominion project at more than $37 billion. It accounts for about a third of the $807 annual increase in residential electric bills the SCC has projected by 2030, with the power provided dependent on unreliable wind. >click to read< 11:55
Tag Archives: Dominion Energy Virginia
Virginia Agrees to Compensate Fishing Industry for Damage from Offshore Wind Farms
Nine states, including Virginia, have agreed to establish a major compensation fund to pay their private commercial and recreational fishing companies for damages caused by offshore wind turbines. Three guesses where the money comes from. The announcement, made December 12, hints at it coming from project developers, but in Virginia of course that is a monopoly utility guaranteed by law to collect all costs from its customers. If the worst fears over CVOW’s impact on commercial fishing prove correct, a shrinking supply of seafood from the continental shelf will likely raise the prices on what is still coming to stores and restaurants. People may pay more both ways. >click to read< 07:31
