Region emerges as a leader in renewable power sources (MN)

[jpak]

http://www.albertleatribune.com/articles/2007/02/17/news/news1.txt

Last week, the Minnesota state Senate overwhelmingly approved legislation requiring most utility companies to generate at least 25 percent of their power from renewable sources by 2025.

Electric utilities such as Xcel Energy Inc. would be required to gather 30 percent from those sources by 2020.

Renewable energy includes electricity from solar, wind, hydrogen, biomass and hydroelectric sources.

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The legislation gives a timeline for utility companies, stating that by 2012 they should obtain 12 percent of their power from renewable sources, by 2020 obtain 20 percent and then by 2025 obtain 25 percent.

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[Solo_in_MD]

1. Ahhh, another regulator induced rape of the ratepayers...

The utilities will get to pass all the costs through to the rate payers. Hopefully this will not be another BOHICA event

[greenman3610]

2. so if the price of fossil fuel doubles,

that doesn't pass through, right?

[NMDemDist2]

3. you'll pay for it either way in the next 20 years

either in taxes to build all the infrastucture for renewable energy or directly to the power companies to do the same

the days of cheap fossil fuels are gone, now it's just a matter of getting the new systems in place

I have no problem paying a bit more for renewal resources (I paid extra in AZ to support their solar power grid)