California Wind Farm Investors Feel A Huge Sucking Wind -- February 15, 2016

I talked about this wind farm back on July 24, 2011. It is amazing what goes around, comes around.

Now, The Miami Herald is reporting that investors in this wind farm may be on the hook for millions in "pay-back:" Investors in huge California wind farm might end up repaying federal subsidies.

A giant wind farm in California’s southern San Joaquin Valley is blowing gusts through a faraway federal court, with tens of millions of dollars potentially up in the air.

Some of the wind farm’s early investors want more than $200 million in additional subsidies that they say the federal government owes them. Obama administration officials, in turn, argue that the government paid $59 million too much. This week, a judge sharpened the administration’s side of the sword, agreeing that the U.S. can try to retrieve some of the taxpayer dollars paid.

U.S. Court of Federal Claims Judge Thomas C. Wheeler said in a decision Monday that the Treasury Department could counter the claims from investors in the Alta Wind project, the largest wind farm in the United States.

The wind farm investors, Wheeler wrote, “have no guarantee of keeping the amounts that Treasury paid them.” He noted that “a refund always was a possibility given a proper understanding of the issues.” As a result, an upcoming trial will determine who owes money to whom.

Wheeler’s ruling seems an unexpected turn for the Alta Wind Facility, located in the Tehachapi Mountains of Kern County. When some of the Alta Wind investors first started suing in 2013 to get a bigger share of federal money, the possibility that they could be the ones owing $59 million did not appear to be on the table.

Read more here: http://www.miamiherald.com/news/nation-world/national/article59876436.html#storylink=cpy

Don't mess around with Jim, don't spit into the wind, I came to get my money back:

Don't Mess Around With Jim, Jim Croce

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Nevada Solar

Meanwhile over in Nevada, regulators are thinking of phasing in rate increases over 12 years rather than over 4 years.

The Nevada Public Utilities Commission has voted to phase in higher rates for rooftop solar customers over a longer period of time than previously approved.

Regulators voted 3-0 on Friday to implement the new rates over 12 years, rather than four years.

Commissioners approved new rates in December for customers who use net metering, or sell excess energy from their solar panels back to the utility.

Regulators say the rates better reflect the declining cost of solar power and phase out a subsidy traditional energy customers pay to support a much-smaller group of rooftop solar customers.

Solar customers say it means their panels will take years more to pay off. Solar companies have responded by laying off employees and staging large protests outside PUC meetings.

And the vote wasn't even close: 3 - 0.