Tag Archives: Opposition Forming

Opposition Forms from N.C. to N.E. to Great Lakes over ocean industrial development all-in consumer cost

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