Reaping the Wind

by William Yeatman on February 19, 2008

Citizens in Florida are outraged as they discover their power company’s true motivations for windmills and the costs to themselves. About Florida Power and Light’s wind turbine proposal Julie Zahniser writes in her local paper,

“This one is about corporate tax avoidance through massive tax subsidies lobbied for by Enron, which was the largest wind developer in the United States before its demise and which pioneered the tax shelter as a commodity. FPL Group paid zero federal income tax in 2002 and 2003 despite more than $2 billion in profits, largely because of the wind projects of its wind subsidiary, FPL Energy, according to Citizens for Tax Justice.

But, now it has gotten so bold that it is proposing putting wind turbines where we don’t have sufficient winds to get close to the 30 mph required to reach the turbines’ rated capacity.”

When the government chooses “winners and losers” in energy markets, consumers always lose.

Comments on this entry are closed.

Previous post:

Next post: