The following excerpt is from an article written by Bill White for Grist. To read the full article, please click here.
“The Wall Street Journal recently published an editorial, “The Great Transmission Heist,” that took a swing at renewable energy. That’s not surprising. What is surprising is that the piece wholly abandoned not only the facts, but fundamental market principles related to the energy sector. The Journal attacked a new Federal Energy Regulatory Commission (FERC) proposal that would create a more fair and rational framework for modernizing the nation’s electric grid.
“Specifically, the guidelines would ensure that everyone who benefits pays, regardless of arbitrary boundaries and proposals generated by various regions. Critics of the new rule, particularly incumbent utilities that have an interest in keeping their regions closed off from new transmission, have put forth a number of misleading and inaccurate arguments in their efforts to defend the status quo. The Journal bought them hook, line, and sinker.”
To continue reading this article, please click here.
