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I am not surprised by this.
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Speaking with staff during a mid-session break, Public Service Commissioner Bob Lake acknowledged that cuts made that morning to rates and contracts offered to small renewable energy projects are likely deep enough to kill future development. By federal law, the commission’s actions were supposed to promote renewable energy.
“Just dropping the rate that much probably took care of the whole thing,” Templeton says on the recording, on which there’s some debate about whether the contracts should be considered 5 years or 10 years.“Well,” replies Lake, “the 10-year might do it if the price doesn’t. And at this low price, I can’t imagine anyone getting into it.
“So, it becomes a totally moot point because just dropping the rate that much probably took care of the whole thing.”
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