08-23-2014, 04:45 AM
That the electric price isn't cheaper is not a fault of PGV.
It is the state's fault due to the contracts that stipulated all alternative energy sources be paid for at the "alternative cost of oil". The intent was to help alternative energy projects get a good start.
The plant is also forced to pay royalties to the state for the steam it uses (which it puts right back), pays into the relocation fund, and all of the other taxes and fees that this state and county heap upon it.
Where do some of you believe that this money comes from?
It does NOT come from some evil corporation - it comes from YOU, as users of electricity, who pay your HELCO bill every month.
PGV has been trying to negotiate new contracts, at lowered costs to HELCO. There are several strategic reasons why they would be so willing to do this. They want to be able to expand and sell more electricity and in selling more, will enable them to leverage existing infrastructure to keep their overall costs down (and profits up).
It is the state's fault due to the contracts that stipulated all alternative energy sources be paid for at the "alternative cost of oil". The intent was to help alternative energy projects get a good start.
The plant is also forced to pay royalties to the state for the steam it uses (which it puts right back), pays into the relocation fund, and all of the other taxes and fees that this state and county heap upon it.
Where do some of you believe that this money comes from?
It does NOT come from some evil corporation - it comes from YOU, as users of electricity, who pay your HELCO bill every month.
PGV has been trying to negotiate new contracts, at lowered costs to HELCO. There are several strategic reasons why they would be so willing to do this. They want to be able to expand and sell more electricity and in selling more, will enable them to leverage existing infrastructure to keep their overall costs down (and profits up).