Power Plant Financing in Senate Bill 3 Shifts Risks to Customers By John Blackburn and John Runkle July 16, 2007 CONSTRUCTION WORK IN PROGRESS (CWIP) Senate Bill 3 has two main sections: the first is the Renewable Energy and Energy Efficiency Portfolio Standards (REPS) and the second is the treatment …
Shifting Risks to Customers (CWIP)
Construction Work in Progress laws (CWIP, aka Advanced Cost Recovery, aka Annual Rate Hike Bills) allow utilities to charge customers in advance for the cost of building expensive new plants that aren’t even needed — even if those plants never go online.
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Serious Problems with Energy Bill S3 – Statement from NC WARN
NC Needs Clean, Economical Energy – Not a Consumer & Public Health Rip-off Energy bill has fatal flaws: Fix it or nix it Despite the efforts of many dedicated people to address concerns with Senate Bill 3, more problems have emerged after continuing scrutiny. The electric utilities have laden this …
Nuclear = the Worst Managerial Disaster — Forbes
Op-Ed by Jim Warren. Despite a withering propaganda offensive depicting nuclear power as carbon free and safer than ever, resuscitating the failed technology would be a huge, unnecessary gamble for our climate, economy and safety.
$20 Billion Dollar Check to Utilities – Announcement from NC WARN
NC Needs Clean Energy– Not a Corporate Giveaway Energy bill has fatal flaws: Tell State Leaders to Fix It or Nix It The power companies and hog industry have loaded what began as a good renewable energy bill with measures that are very likely to: Raise your power bills and …
Shifting New Plant Risks to Ratepayers: Duke Pushes Commission – News Release by NC WARN
NEWS RELEASE February 15, 2007 Duke Energy Continues Push to Shift New Plant Risks to Ratepayers Customers were burned by utilities’ mistakes in the 1980s; “CWIP” should remain abolished STATEMENT FROM EXECUTIVE DIRECTOR JIM WARREN: The NC Utilities Commission received legal briefs this week on a request by Duke Energy …