Our grid desperately needs it, but I have to wonder how much of this is ultimately tax payers paying for the stuff power companies should have been doing for decades. If this is another example of privatizing profits and socializing losses.
this post was submitted on 19 Oct 2023
403 points (98.6% liked)
politics
19150 readers
1630 users here now
Welcome to the discussion of US Politics!
Rules:
- Post only links to articles, Title must fairly describe link contents. If your title differs from the site’s, it should only be to add context or be more descriptive. Do not post entire articles in the body or in the comments.
Links must be to the original source, not an aggregator like Google Amp, MSN, or Yahoo.
Example:
- Articles must be relevant to politics. Links must be to quality and original content. Articles should be worth reading. Clickbait, stub articles, and rehosted or stolen content are not allowed. Check your source for Reliability and Bias here.
- Be civil, No violations of TOS. It’s OK to say the subject of an article is behaving like a (pejorative, pejorative). It’s NOT OK to say another USER is (pejorative). Strong language is fine, just not directed at other members. Engage in good-faith and with respect! This includes accusing another user of being a bot or paid actor. Trolling is uncivil and is grounds for removal and/or a community ban.
- No memes, trolling, or low-effort comments. Reposts, misinformation, off-topic, trolling, or offensive. Similarly, if you see posts along these lines, do not engage. Report them, block them, and live a happier life than they do. We see too many slapfights that boil down to "Mom! He's bugging me!" and "I'm not touching you!" Going forward, slapfights will result in removed comments and temp bans to cool off.
- Vote based on comment quality, not agreement. This community aims to foster discussion; please reward people for putting effort into articulating their viewpoint, even if you disagree with it.
- No hate speech, slurs, celebrating death, advocating violence, or abusive language. This will result in a ban. Usernames containing racist, or inappropriate slurs will be banned without warning
We ask that the users report any comment or post that violate the rules, to use critical thinking when reading, posting or commenting. Users that post off-topic spam, advocate violence, have multiple comments or posts removed, weaponize reports or violate the code of conduct will be banned.
All posts and comments will be reviewed on a case-by-case basis. This means that some content that violates the rules may be allowed, while other content that does not violate the rules may be removed. The moderators retain the right to remove any content and ban users.
That's all the rules!
Civic Links
• Congressional Awards Program
• Library of Congress Legislative Resources
• U.S. House of Representatives
Partnered Communities:
• News
founded 2 years ago
MODERATORS
Not only that, the power companies are double dipping. Look at your bill sometime, my bill specifically has a rider for grid enhancements. It's buried in there, but I bet yours does too.
The Public Utilities Commission of Ohio in Case number 23-169-EL-RDR on August 9, 2023 approved an adjustment to Ohio Power Company's Enhanced Service Reliability Rider rate effective with this bill. A residential customer using 1,000 kWh of electricity will see an increase of $0.28 per month.
but I have to wonder how much of this is ultimately tax payers paying for the stuff power companies should have been doing for decades.
The answer is $3.5 billion.
Have a family member in renewable installation and if the local power company around me is any indication, they're gonna take the money, then charge the consumers to do what the money was supposed to be for.
Ah yes, the successor to the let’s get everyone on the broadband wagon with government assistance
You forgot the crucial bit: then not do any of it and pocket the money from both.
Should have been doing? Why? By the way its actually profitable when your power goes out. Only the state can hold them accountable, aaaaand finally the state is doing what they should have been doing for decades. Why? By the way its actually politically advantageous to kick the can down the road rather than give voters what they asked for. Biden just has nothing left to lose except his legacy, and I suppose the next election. But people will remember this dude.
This is a step in the right direction.
China is investing 13.7 trillion in their power sector to achieve net-zero emissions. 3.5 billion is rookie numbers if we want to keep up and remain competitive. At least it's a start.
Impossible. You think a trillion dollar military industrial complex funds itself?
China says they're going to do that. Meanwhile, they're still going apeshit for coal.
China's state grid corporation said investment in power may reach 13.7 trillion dollars (100 trillion yuan) by 2060. This number is not a real thing currently happening, and even if it was it'd be spread out over almost four entire decades. It's also just investment in power generally, not in reaching net zero.
I'm fine with this provided Texas doesn't get a dime.
Read the article and get your questions answered.
Good decision from the administration here. Glad union jobs will be created.
I wonder how much of this will go towards Texas? And would our governor do anything but pocket the money?
Of course. At least part of it will be spent on frivolous lawsuits and "team training" in the Bahamas.
Jfc I hate my state
My hot take is all of my money secretly goes to Texas. Texas is where all tax money goes to die.
3.5 billion ... for the US?
Are they going to pull like a single wire to the entire country or something?
Just like read the article it says what it'll do and that it's part of more spending bills to come.