Tuesday, August 03, 2010

Interview with John W. Rowe, CEO of ComEd Parent Company Exelon - Chicago magazine - August 2010 - Chicago
Few groups are held in lower regard than our legislators in Springfield. But under a proposal you floated earlier this year, ComEd would have paid the state $500 million cash to help plug its budget hole, made other long-term commitments, and in return would have gotten electricity rate guarantees potentially worth billions. Critics said the deal amounted to bribery, and you abandoned it but were left looking no better than the elected gang in Springfield. What were you thinking?
U.S. Power Outlook: Dim and Dimmer - Planet Gore - National Review Online
The question is whether our political class is able to reverse course before the lights do go out for sustained periods — though I suspect that sustained brownouts may be the only thing to stir them (and judges, and the public) out of this sleepwalk to disaster.
Greed and secrecy mark nation’s first, biggest cap-and-trade program UPDATED: Repeal effort launched | Washington Examiner
“The bidders at RGGI auctions include Goldman Sachs, Morgan Stanley, Merrill Lynch, JPMorgan Chase and other Wall Street heavyweights,” according to a new report by NJ Watchdog.

“They hope to make big money by speculating on the price of permits, called allowances. Electric power plants are required to obtain an allowance for each ton of CO-2 they emit,” NJ Watchdog said.

But guess what NJ Watchdog was told when its reporters asked for the names of buyers of the $688 million in permits and what impact will their purchases have on utility bills paid by millions of residents in the 10 states participating in RGGI?

“That’s none of our business, according to the bureaucrats in charge. They denied New Jersey Watchdog’s Open Public Records Act requests for auction details, contending the bidders’ ‘expectation of privacy’ and ‘trade secrets’ outweigh the public right to know,” according to NJ Watchdog.
Kuokuang petrochemical, Taiwan's misfortune: Nobel laureate - CNA ENGLISH NEWS
Lee pointed out that both the frequency and scale of natural disasters have expanded over the past half decade and that this has drawn the attention of people around the world concerned about climate change.

Lee cited a study by professor Liu Shaw-chen, an expert in atmospheric chemistry and environmental changes, as saying that if the temperature rises by 1 degree Celsius, the frequency of extreme weather will increase 10 times.

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