Duke Energy CEO: Cap-and-Trade Plan Would Raise Electric Rates 40% - WSJ.com

WASHINGTON -- The chief executive of Duke Energy Corp., one of the nation's biggest power companies and a major source of greenhouse gas emissions, said Friday that a proposal by President Obama to place a price on carbon emissions would drive up electricity rates in some areas of the U.S. by 40% and warned that it could also lead to "a redistribution of wealth" from Midwestern industrial states to coastal states.

Solar Hyperbole 2009: Don’t Forget Enron/Solarex circa 1994 — MasterResource

Enter Enron and reenter the New York Times for a cautionary tale. Back in 1994, the Times reported that solar’s competitive moment had arrived thanks to Solarex, the second largest U.S. manufacturer of photovoltaic cells, operated and half-owned by Enron.
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Back at Enron, I heard that this project had a secret feature: a gas turbine that would run at night to average down the cost of power and combat intermittency. I have not been able to confirm this, however, so I took it out of my book. But I will not be surprised if this was part of the subterfuge. That was an incredibly low rate–and still is.