Wind Energy in Texas Gets $10 Billion Boost

[jpak]

http://www.renewableenergyaccess.com/rea/news/story?id=46145

Dallas, Texas Texas Governor Rick Perry announced a major public-private initiative this week that could increase wind-generated energy in the Lone Star State by approximately 7,000 megawatts. Eight companies have committed to invest a combined $10 billion-plus in new wind projects -- as long as the state's Public Utility
Commission constructs the necessary transmission lines.

According to Phil Wilson, Deputy Chief of Staff at Governor Perry's office, construction of the lines will cost an estimated several hundred million dollars over a five to seven year period.

The Governor's office is optimistic that the PUC will be able to carry out the project, said Wilson, noting the initial $10 billion investment capitol could go higher as more companies join the initiative.

Companies that have already committed to invest include Airtricity, $3 billion; AES Wind Generation, $1 billion; Airtricity Inc., $3 billion; Babcock & Brown, LP, $1.5 billion; Horizon Wind Energy, $1.5 billion; PPM Energy, $1 billion; Renewable Energy Systems, $500 million; Florida Power & Light Company, $ 1.5 billion; and Gamesa Energy, $1 billion.

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[JohnWxy]

1. Great news. NOt only save money for consumers but reduce CO2 emmisons too.

"the PUC takes steps to overcome transmission obstacles that limit the development of renewable energy sources.

[hatrack]

2. And how long after Gov. Goodhair's reelection (assuming it takes place) .

Does this initiative get pulled in favor of the "realists'" choice of more and more coal-fired baseload plants?

I would bet weeks, not months.

I'm sorry to sound so sour, because it's great if it actually happens. However, my cynicism knows no lower limits at this point.

Lest we forget, it's election season in the Lone Star State, when promises push their way through bullshit to sunlight the way stinkhorn mushrooms do after a good hard rain.

[Javaman]

3. Lets see if it's still in place after the election. nt