The Obama administration is changing the way wind energy projects in the American Midwest are financed by “spreading the costs” to consumers and businesses in other states, possibly doubling or perhaps tripling energy bills in the region in the coming years, experts are telling WND.
Obama’s team at the Federal Energy Regulatory Commission, which regulates much of the coal, gas, hydroelectric and oil industries, late last month approved a scheme long sought by environmentalists that links windmills and windmill farms to conventional energy transmission grid lines in the nation’s heartland.
FERC Chairman Jon Wellinghoff announced new federal rules that would in essence socialize the cost of transmission lines across the 13 states of the Midwest at a price tag of approximately $20 billion.
“Cost allocation for transmission facilities is one of the most difficult issues facing the energy industry and regulators, whether state or federal,” said Wellinghoff.
Many state governments – like those in economically struggling Michigan – have not subsidized wind energy or other renewable energy projects. Others, like Illinois, have.Continue reading on www.wnd.com