Archive for August, 2009

Gas pipeliners want ability to raise prices at will

August 4, 2009

From Carbon Control News:

The natural gas pipeline industry [in the form of the Interstate Natural Gas Association of America (INGAA)] is drafting a legislative proposal for revising [Waxman-Markey] to … allow the industry to pass-along the cost of reducing greenhouse gas (GHG) emissions to its customers without an explicit approval from the Federal Energy Regulatory Commission (FERC)…

While merchant power generators, utilities, and a number of other entities receive free allowances under the Waxman-Markey bill, pipeline companies do not. The INGAA spokespeson says the industry is not requesting free allowances, but instead is calling on Congress to allow the cost of purchasing allowances to be directly passed along to consumers, arguing that the allowance costs should be reflected in the delivered product.

“Unlike other industrial sources, we can’t simply raise our prices to reflect allowance” costs, the spokesperson says, noting that a pipeline company would need to go to FERC and formally request it, initiating a proceeding that can take a year or longer.

Instead, INGAA wants pipeline companies to be able to charge rates that “track” the fluctuating price of carbon allowances. Opening a new rate case would also “make the entire rate base subject to challenge and uncertainty,” something the companies want to avoid.

Here’s a novel thought: Why not oppose Waxman-Markey instead of trying to buff that legislative turd into a popsicle?

INGAA chief Don Santa: Why fight for what's right when you can surrender for what's wrong?

INGAA chief Don Santa: Why fight for what's right when you can surrender for what's wrong?

Gasoline refiners crippled by Waxman-Markey

August 4, 2009

From Reuters:

Ailing U.S. oil refiners could face a crippling period of contraction under a House-approved climate change bill, making the country more dependent on imported refined products…

The bill is “going to put them out of business,” said Phil Flynn, analyst at PFGBest Research in Chicago. “I think you’re going to see refiners close down, especially in this environment we’re in right now.”

Dems pay $$$ for Waxman-Markey votes

August 4, 2009

From Politico.com:

Three House Democratic leaders who were whipping members on the climate change bill gave tens of thousands in campaign cash to party moderates around the time of the 219-212 vote on June 26, according to Federal Election Commission records.

Cost of green energy doubles in Australia

August 4, 2009

From the Sunday Times (Perth, Australia):

“While the fuel sources of renewable energy are inexpensive, the other costs associated with it are not, including the initial infrastructure cost, network costs, back-up generation and the like which are factors in the full cost of renewable energy,” Synergy head of corporate affairs Andrew Gasper said.

Waxman-Markey federalizes building codes

August 4, 2009

Will President Obama be the building inspector-in-chief?

NUMBY-ism blocks CCS in Germany

August 4, 2009

Germans say “not under our backyard” to carbon capture and storage, reports The Guardian.

Climate Parasite Quote of the Day

August 3, 2009

In a Washington Post op-ed today, America’s foremost rentseekers, John Doerr of Kleiner Perkins Caulfield & Byers (Al Gore’s venture capital firm) and General Electric CEO Jeff Immelt, wrote:

We are American businessmen. Our job is building businesses and commercializing innovation. Every year, GE invests 6 percent of its industrial revenue in research and development to produce more efficient and cleaner wind turbines, jet engines, locomotives, power turbines and appliances. Kleiner Perkins has invested $680 million in 48 of the most compelling new clean-energy technologies, with $1.1 billion more to invest. We are trying to do our part. But our government’s energy and climate policies are our principal obstacle to success.

By lobbying for the America-hating, economy-killing Waxman-Markey bill simply to make money, Doerr and Immelt are not businessmen so much as they are thieving parasites. They want a federal law which would enable them to sponge-off taxpayers and rip-off consumers. By forcing Americans to pay more for energy and to reduce their standard of living, Doerr and Immelt will destroy not build America.

GE's Jeff Immelt: Personally banned Steve Milloy from CNBC in March 2008 in retaliation for Milloy's criticism of Immelt's lobbying for global warming regulation

GE's Jeff Immelt: Personally banned Steve Milloy from CNBC in March 2008 in retaliation for Milloy's criticism of Immelt's lobbying for global warming regulation

Arrogance Personified: Kleiner Perkins' John Doerr

Arrogance Personified: Kleiner Perkins' John Doerr

Greatest Generation’s Last Fight?

August 3, 2009

The ‘Greatest Generation’ may have enough left for one more fight.

Baltimore Gas & Electric’s request for an expedited regulatory review of its smart meter installation program ran into the third rail of American politics last week — the AARP.

AARP Maryland filed a letter of opposition to the fast-track process asking for a full hearing, according to the Baltimore Sun (July 28).

The Sun reported:

“The problem is what’s not in the filing,” said AARP Maryland’s advocacy director, Hank Greenberg. “There are a lot of questions that need to be answered.”

Only with an evidentiary hearing, with sworn witnesses and testimony by experts, would the public be “able to substantiate whether there are savings and whether some of the claims in the filing can be verified and backed up,” he said.

In its letter, AARP also raises concerns about a “time-of-use” pricing scheme also included in BGE’s filing. The utility proposed charging about 16 cents per kilowatt-hour from 2 p.m. to 7 p.m. weekdays from June through September and 10 cents for other times during that period.

Not only should AARP be concerned about smart meters — a.k.a., energy rationing via high prices — the seniors’ advocacy group ought to be concerned about the Waxman-Markey climate bill now being considered in the Senate.

While Waxman-Markey will raise energy prices for seniors (and everyone else), it won’t increase their fixed retirement incomes.

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