Power Systems Conference Edmund O Schweitzer III Thank You for Participating

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Energy Policy Economic Folly? ‣ $0.03 / kWh coal ‣ $0.12 / kWh wind ‣ $0.16 / kWh solar ‣ Who pays? Ethanol Subsidies? Electric Car Kickbacks? Solar Subsidies? Wind Mandates? Electricity Rates: Insull Was Right! Are we still on the right track?? ‣ Rapidly decreased in early days, as technology, markets, consolidation, and use advanced. ‣ Continued downward, but more slowly until recently, and now rates are going up. ‣ 1960: 14 c/kWh ‣ 2005: 9 c/kWh ‣ 2011: 12 c/kWh …inflation adjusted! 12
Renewable Mandates Drive Up Price Robert Bryce (Feb 2012) “<strong>Power</strong> Hungry – The Real Fuels of the Future” ‣ 29 states, DC, Puerto Rico have mandates. ‣ Costs not fully calculated or understood. ‣ Regressive tax hurting least well-off. ‣ 2001-2010: 14 coal states, rate changes 7 without: 24% 7 with: 54% increase Fair, Flat, Free, Open Markets Government Must Defend Them We Must Ensure It Does ‣ “Is it an issue of state?” ‣ Make it easy to start a business, build a house. ‣ Enhance competitiveness through freedom. ‣ Reduce deficit and debt. “If we are not to destroy individual freedom, competition must be left to function unobstructed.” – Friedrich Hayek, The Road to Serfdom, 1944 13
Page 1 and 2: Welcome to the SEL Modern Solutions
Page 3 and 4: Adams St. Generating Station The
Page 5 and 6: Conservation Insull, 1911 We have h
Page 7 and 8: “Unless we can fulfill our primar
Page 9 and 10: Cents per kWh 140 Real Price of Ele
Page 11: Challenges ‣ Hard to build plants
Page 15 and 16: ‣ Build GTD for today and tomorro
Page 17 and 18: Electricity ‣ Moves at the speed
Page 19: Questions How have things changed o

Power Systems Conference Edmund O Schweitzer III Thank You for Participating

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