Well folks, more brutal economic news on the rise for British Columbia, Gordon Campbell`s electric powerhouse pipe dream has gone up in smoke, now before you jump the gun and think that I am being bias or left or right on the issue, even the biggest names in the private power game have all but conceded that California won`t be buying any Run of River or any other power in B.C. for anymore than the cheapest power on the market!
Recently Paul Kariya (head of the independent power producers) and Donald McInnes (CEO and president of Plutonic power) were down in California to lobby the Senate lawmakers on changing their green energy standards, well it didn`t go very well, not only couldn`t they convince anyone that B.C. run of river power is green, the California Senate disqualifies all B.C. green power projects, this is a stunning defeat for IPPS and Gordon Campbell.....NO Wonder Blair Leckstrom ran for the hills!
Paul Kariya is on the record as saying.....and I`m paraphrasing.......Perhaps the lawmakers will change(voted out).....We won`t change their minds or have any victory in the short term.......With current rules over what qualifies as green renewables none of B.C.s run of river projects would qualify as green renewable........_______________________________________________________________
As a matter of fact any project over 50 mega watt automatically gets disqualified, any project that diverts a river system gets disqualified, once you add in thousands of miles of transmission lines, nothing will qualify as green, and unless you build a transmission line of superconductor quality with traditional line loss the IPPs aren`t doing micro-electric generation......
I could show you a bunch of charts, graphs, hockey stick graphs, projections, and the only word I can say is.....Were Hooped!
I have written on some of these facts in our Naikun and windmill series, but let`s elaborate a bit more.....The projections forward for California, by 2020 California is predicting a need of maybe 2% more power......2% folks, industrial power use is falling, power use for lighting is falling, new efficiency standards, not to mention the public at large in California have had their credit cards and credit cut off, there will never be another unregulated Enron/Accenture/Arther Anderson electrical ponzi scheme perpetrated on the masses, it`s probably going to happen here in B.C. but it won`t happen in California......They don`t have a corrupt Dictator and spineless brain dead cabinet like what we have in British Columbia!
Despite the best hired guns Gordon Campbell could throw at the California Senate they were shot down in flames, in fact with American protectionism, building standards, local subsidies, the odds that B.C. could sell any power to California is slim at best and....
Any power B.C. sells into the southern grid will only receive the same money as the spot market rate....B.C. will not receive any premium for Green power....Any thoughts of $100 plus dollar mega watt power is decades away at the earliest, and even with that there is zero assurance.
But that brings us to the dilemma we face in B.C........Blair Leckstrom ran for the hills, we are already selling IPP power for a fraction of what we in B.C. are being forced to pay for it!
There must be some sort of Federal regulatory board, some national over sight panel that can clamp down a premier who is deranged, for you see friends, Gordon Campbell doesn`t care, he continues to not only exclude over sight from the BCUC....But he is continually signing more outrageous power purchase agreements, California won`t be paying that premium we will, Plutonic power, Finavera and others will be subsidized by you!!! The ratepayer, everyone of the voices of sanity were correct....Marvin Schaeffer...Rafe Mair.....Will McMartin...Dr. Calvert and others........Besides buggering up our rivers, besides killing off wild fish,ruining bear habitat, massive transmission corridors, for what? Worthless freshet power we will be selling at a loss, a substantial lose for decades!
Surely the editorial board at the Vancouver Sun, the business section, Government over-sight, regulators, the LAW...Someone must stop Gordon Campbell from bankrupting the Province!
His experiment failed, obviously the shysters from Accenture lured Gordon Campbell in.... with talk about the good old days of Enron, as a matter of fact California still owes B.C. nearly 1/2 billion dollars from that energy scam.
And the reason I brought up about this not being a left/right/environment good or bad,public versus private.....Putting all those issues aside for a moment, let`s talk the business case, California domestic power use is stagnant, California industrial use is falling, California business electrical use is flat......No big spikes of electric are being forecast for California, and with individuals going for partial solar, upgrades, efficiency,LED lighting, even when adding in the potential of millions of electric cars, the impact is minimal, cars will be charged in the wee hours of night......
So demand forecasts are way down, the California Senate won`t budge on their green standards, any water/river diversion is out, anything over 50 megawatts is out, so the bottom line is a matter of common sense, a matter of legality.....
Gordon Campbell does not have the authority through cabinet, through fiat, through executive order to guarantee $billions of taxpayer dollars out of the public purse to private for profit companies for decades!
NO ONE MAN HAS THAT RIGHT...........Donald McInnes, Paul Kariya, you can read their own words, the biggest flappiest gums in the private power game have admitted that California will not certify their power as green, they have both admitted that their power will not receive any premium price, they have both admitted that the California Senate won`t change their minds, they both have admitted it`s time to take their ball home, the game is over.Read the statements from industry experts here
When the IPP/ BC Liberal donors are calling it game over then it`s game over, Gordon Campbell`s scheme is dead, any power buying agreements must be tied to market rate, no one dirty premier can guarantee a river paved with taxpayer`s gold! Game over Gordon Campbell, Arnold Schwarzenegger is gone, you have no clout, no one wants your over-priced fish slaughter power.
Gordon Campbell`s electric powerhouse/Enron of the north scam is over, there are no buyers of this false god.You can read about California energy demand here.
As you can see from the chart below, electrical price increases are modest at best, factor in a slashing of pensions, health care, jobs, and the electric price increase will amount to zero!
YEAR Residential Commercial Industrial
1990 10.68 12.60 10.54
1991 10.29 12.31 10.26
1992 10.08 11.69 10.08
1993 9.20 11.39 9.15
1994 9.43 10.54 8.92
1995 9.40 10.32 8.96
1996 9.38 10.14 8.83
1997 8.59 9.91 8.59
1998 8.49 9.78 8.56
1999 8.37 9.67 8.52
2000 8.19 9.47 8.28
2001 9.35 10.96 9.75
2002 9.17 11.57 9.83
2003 10.22 11.20 9.50
2004 12.03 10.72 9.09
2005 12.10 10.78 9.06
2006 11.97 10.71 8.97
2007 11.54 10.37 8.73
2008 11.91 10.79 9.07
2009 11.95 10.98 9.24
2010 11.95 10.98 9.24
2011 12.07 11.09 9.33
2012 12.19 11.20 9.42
2013 12.30 11.30 9.51
2014 12.43 11.42 9.61
2015 12.55 11.53 9.70
2016 12.78 11.74 9.88
2017 13.01 11.95 10.06
2018 13.25 12.17 10.25
2019 13.49 12.40 10.43
2020 13.74 12.63 10.63
Form 2.3 Electricity Prices (2007$) - SMUD
The clean energy act, Gordon Campbell through his spineless Government gave himself the final secretive hidden from public oversight say, executive power to set rates, approve any project, he gave himself the power to triple your hydro rates or more with the stroke of a pen......There must be some legal framework to stop a demented criminally insane Gordon Campbell.......
"Recall in the Fall" can`t be delayed!
The Straight Goods
Cheers-Eyes Wide Open