Thursday, February 21, 2019

Georgetown Achieving National Notriety

Here is an excerpt from the Daily Caller
Georgetown, Texas, is one of the biggest U.S. cities to claim to meet 100 percent of its electricity needs with solar and wind power. The city began to switch to solar and wind in 2012, and Republican Mayor Dale Ross quickly became a poster child for environmentalism.
The city was even featured in former Vice President Al Gore’s film “An Inconvenient Sequel,” which was released in 2017. Gore called the city a “trailblazer” in the fight against global warming.
Georgetown’s green energy ambitions, however, have cost the city roughly $30 million over the past five years. The loss is driven by the long-term wind and solar energy contracts the city entered into, betting that fossil fueled-electricity prices would rise.
The opposite happened, and Georgetown’s municipal utility announced in late January it would increase customers’ bills about $13 a month to recover its bad bets. City officials are currently trying to renegotiate their long-term green energy contracts.

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