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November 10, 2019
If It Sounds Too Good To Be True. It Usually Is.Once upon a time a group of people settled in Texas and named their city Georgetown after George Washington The problem with Georgetown, it is too damn close to Austin, TX. As with other cities which surround larger municipalities they attempt to emulate them. When your mayor claims something is a "No-Brainer", run like the wind or stop him as soon as possible at the ballot box. “We got something in common,” Dale Ross told Al Gore last summer. “You invented the internet. And I invented green energy.” Nothing says you are on the wrong track than being praised by Mr. Climate Scaremonger Al Gore. Former Vice President Al Gore delivered more warnings about the threat of global climate change at a renewable energy conference in Georgetown on Monday, before holding up the Central Texas city as an example of the progress being made to alleviate the crisis.
Now when 50% of all marriage contracts end in divorce and a politician tells you the contract is a no-brainer, guess what happened? That's right little Morons, The City of Georgetown has filed a suit to break the contract. The city of Georgetown has sued the company that it contracted with for solar power alleging that the firm breached at least three sections of the contract. "The first debacle was the bankruptcy of the developer, Sun Edison. The project (eventually) got built, but Georgetown soon realized it had committed to buying more electricity than it needed and it had to sell its excess back to the grid. But due to natural gas creating cheap electricity, the market price for the excess electricity Georgetown had to buy and then re-sell had plunged below the price Georgetown was paying for its solar electricity. This negative arbitrage is costing the city about $8,000,000 per year. Rate payers have been hit with two Renewable Energy Surcharges now totaling almost $19 per month. The mayor's smug greenstanding is now costing each household more than $200 per year in "Renewable Energy Surcharges" above and beyond their regular above-market-price energy use." - H/T Cumberland Astro
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