A Free-Market Energy Blog

New Mexico: Raising Rates for Bad Energy in a Poor State

By Marita Noon -- July 29, 2010

New Mexico has enjoyed some of the lowest energy prices in the country—which is good as it is a poor state. However, the major supplier of electricity to the state, PNM, has just asked for a 21.2% rate increase on top of the 24% they’ve received over the last few years. Welcome to the new world of government-forced renewable energy–and one reason why Senator Harry Reid (D-Nev.) recently said he didn’t have the votes for a federal renewable portfolio standard (RPS).

The anticipated rate shock gets worse for New Mexicans: a nearly 50% rate hike in five years. While PNM claims New Mexico still has some of the lowest rates in the country, the citizens are not taking the preventable increase lying down. David King, chairman of the New Mexico Public Regulation Commission (PRC), for example, calls the rate increase a “hot potato” saying that he’s received “a flood of calls from ratepayers.”…

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Why Cap-and-Trade Is Politically Failing: Cost, Cost, Cost (The Chamberlin study and his response to Michael Levi, Council on Foreign Relations)

By Robert Bradley Jr. -- July 28, 2010

[Editor note: The summary and analysis below is reprinted with the permission of the Institute for Energy Research. The sections past the summary are authored by Dr. Andrew Chamberlin. Cap-and-trade remains alive unless the U.S. Senate fails to pass legislation to go to conference with HR 2454, The American Clean Energy and Security Act of 2009.)

To better understand the broad consequences of the proposed Kerry-Lieberman American Power Act on the U.S. economy, the Institute for Energy Research commissioned Chamberlain Economics, L.L.C to perform an economic and distributional analysis of cap-and-trade portion of the proposal.

The report examines the impacts that the American Power Act would have on the U.S. economy, the method by which emission allowances are distributed to corporations and the distributional cost of the bill on households by income, age group, region and family type.…

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Muir Russell Findings No Solace for U.S. EPA

By Chip Knappenberger -- July 27, 2010

[Update 07/29/10: The EPA has announced its decision to deny all the petitions asking it to reconsider its Endangerment Finding, claiming that it could find no evidence in the Climategate emails indicating that climate change science could not be trusted. Read on to see if you think this decision is justified.]

While the U. S. Environmental Protection Agency would surely love to use the findings of the Independent Climate Change Email Inquiry (aka the Muir Russell report) to brush aside the many challenges mounted, in response to the Climategate email scandal, to the EPA’s finding that greenhouse gases endanger the public’s health and welfare (a finding which enables the EPA to regulate greenhouse gas emissions), they’ll find little in the Muir Russell report to help in their defense.

Well, I should qualify that.…

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Muir Russell Climategate Findings: Superficial, Uncompelling

By Chip Knappenberger -- July 26, 2010
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Regulatory Failure by the Numbers

By Robert L. Bradley, Jr. and Richard W. Fulmer -- July 24, 2010
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Northwest Windpower: Problems Aplenty

By Eric Lowe -- July 22, 2010
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One Person’s Oil Addict is Another’s Intelligent Consumer

By -- July 21, 2010
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BP Fools the “Socially Responsible” Investors (‘Green’ Enron did too)

By Robert Bradley Jr. -- July 20, 2010
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Regional Greenhouse Gas Initiative (RGGI): A Cap-Tax-Spend Model to NOT Follow

By -- July 19, 2010
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A Free Market Energy Vision

By Robert Bradley Jr. -- July 16, 2010
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