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Reply #8: I live near the largest wind farm in the north east built by First Wind [View All]

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molly77 Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Nov-23-10 10:13 PM
Response to Reply #3
8. I live near the largest wind farm in the north east built by First Wind
Or so they said when it was finished the last of '08 in Maine. It is not online. Totally paid for by tax subsidies.They produce minimal power, it cannot be stored, every mile it is transmitted is lost. The turbines have a life span of 20 years. So putting one up that isn't even online is insanity. The corporation First Wind has ties to Enron, the Mafia and Larry Summers. 84% owned by hedge funds.

New England has Cap and Trade for some reason. First Wind stated that they did not have to produce power to make money when they recently tried to sell stocks on the open market.Their SEC report states that they don't have to sell power in their power purchase agreements with foreign countries. Hence NY and Maine have two wind farms which are not online. Cohocton and Stetson close to the Canadian border.

Here is an example of how Cap and Trade works. NC has a lot of coal fired power plants. Bad air days where old people/ people with breathing problems are encouraged to stay inside.So they buy Renewable Energy Credits from Texas wind farms . Then they continue to operate. Our electricity bills go up. Matt Taibbi says energy is the next bubble. The middle man will be cut out and the money will go straight to Wall Street.

When energy was deregulated , we were told that our rates would go down with competition. Our rates have gone into the stratosphere instead. And the utility companies are not transparent in their business deals. Iso New England charged New England rate payers 40 million dollars for energy not produced. The Conn AG, Max Blumenthal sued them...all the way to the SC over it. Of course he lost to the corporations. Iso New England and the Federal Energy Regulation Commission stated they would only open their books to the Justice Dept.

Must be a lot of money in utilities. Google wants to invest in transmission lines to send Maine wind power to Mass. All that glitters is not gold. and
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