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Friday, February 3, 2012

CNBC: House and Senate Considering Ending Wind Energy Credits

I didn't see that CNBC segment but learned of it through an e-mail.

If tax credits, subsidies for wind come to an end, one can only assume the big corporations, the big Congressional donors have maxed out their credits and need to move on to "the next big thing."

The individual also said CNBC said electricity rates have risen 2.5 cents/kwh, on average, due to wind energy costs. For rule of thumb, conventional electricity rate runs about 7 cents/kwh. A 2.5-cent rise is not trivial, especially when much of the expense is borne by the taxpayer through subsidies and grants.

In Massachusetts, signing up for wind energy means monthly utility bills to increase 15 to 30 percent -- link to that story posted earlier.

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