Chuck DeVore: 'Green New Deal' preview? Texas town
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Posted On: 08/29/2019 1:16:20 PM
Chuck DeVore: 'Green New Deal' preview? Texas town's lofty environmentalism leaves residents with a nightmare
https://www.foxnews.com/opinion/green-new-dea...uck-devore
https://www.foxnews.com/opinion/green-new-dea...uck-devore
Quote:
Trouble started when politicians’ promise of cheaper renewable energy was mugged by reality.
Georgetown’s electric bills went up as more wind and solar power displaced cheaper natural gas in the power portfolio of the Georgetown’s municipal utility. Politicians scrambled for cover. And the bloom came off Georgetown’s renewable rose.
Now, largely embarrassed members of the City Council are trying to figure out how to unwind the renewable mess they and their predecessors voted themselves into.
With their municipal utility facing a $7 million shortfall – money that has to be made up by the city residents through higher electricity costs – the City Council voted 5-1 in July to instruct the staff to figure out how to wriggle out of the Bloomberg PR deal.
On Aug. 13 the Council voted 5-0 to officially kill the deal. The city is also raising property taxes.
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