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Ridiculous
Greed and keeping up with the (AES) Joneses!
They admit fuel costs have come down for them, but they want to keep gouging consumers. Such BS.
As Obama famously said, “If somebody wants to build a coal-fired power plant, they can. It’s just that it will bankrupt them, . . . Under my plan … electricity rates would necessarily skyrocket.”
Biden is fulfilling his old boss’s plan. What utter stupidity.
If only we transitioned to the cleanest and most reliable form of energy on Earth: nuclear.
We’d be charged to build the Nuke, and with constant increases!
Well, yes let’s build nuclear generators. RIght after you figure out how to safely dispose of the spent rods, and by safely I mean for a few thousand years or longer. Unless someone comes up with safe recycling. And once we get that figured out, let’s make sure they are earthquake proof…and then let’s make them human screw up proof.
I think it significant that countries which adopted nuclear, such as Germany, France, England and Japan, are backing away as the dangers grow.
Of course power produced by other than coal is more expensive. Coal is cheap, very cheap, for power generation. But darn it, it just fills the air, and then fills your lungs…hundreds of miles downwind of the power plant.
But figure out the technical safety issues, and I’m all for nuclear power.
Tim,
Do some research, disposal and recycling are well-understood.
Nuclear by far is the safest form of energy on Earth.
Germany abandoned nuclear in favor of coal, one of the stupidest German decisions since invading Poland in 1939.
I hate to tell you this, but the big multinational banks are not/will not finance a coal powered projects. The only place where coal is still expanding are where the Government is providing the financing. China and India come to mind. So you can pay for dirty energy with higher rates or your tax dollars. Your choice.
They can have their rate increase if they allow net metering and micro-suppliers to be compensated properly…150% of retail for domestic solar? Or they can pay sales and Value add taxes on the coal & natural gas they’re burning at their powerplants—just saying that the state needs to get creative on telling Duke/AES/NIPSCO/and company to suck it and be quiet.
RIDICULOUS. Forcing lots of families to make decisions on whether to be cold or hungry. How are people supposed to survive with the state of our economy? Wake up and make smart choices in November.
Vote in some politicians that won’t coddle the utilities, like the current “anything for businesses” Republicans? I’ll go along with that!
They can suck their record profits. These fools are unreal.
Typical monopoly utility ask.
Rooftop solar payback has been decimated.
They want to keep building gas plants instead of doubling down on solar and storage.
The only thing that matters to Duke is their ROE, Return on Equity.
If they ran their grid efficiently, they would need 20% less power output to serve everyone.
As it stands, everyone should be bracing for outages this summer.
If you think I am kidding, look at MISO territory peak demand map.
The entire map is RED!
“Doubling down on solar and storage”
BWAHAHAHAHA!!!!
“Let’s figure out how to make our electricity prices increase 200%! Poor people aren’t poor enough!
2 major failures in 18,500 cumulative years of operation per the World Nuclear Association with 45 deaths associated with Chernboyl (poorly designed) and zero with Fukushima. That my friends is green and safe!
But how will the Democrat super donors get their returns on investments after bribing their favored politicians?
You forgot a little incident at Three Mile Island. While nobody died, there was a good threat of nuclear fall out very near a major metro area.
I looked on a map a few years back to see where Indianapolis might get into the plume of fall out from a nuclear plant, and I suspect if something bad happened, there’s nothing directly downwind so maybe we have about a 60/40 chance we wouldn’t end up in glowing in the dark..
Profits up 17% from last year and they want to increase costs for customers. Complete moral turpitude. How do these people sleep at night? Please vote No IURC. Please.