Cook County Government in the Market for a Power Player as It Aims for 100% Renewable Energy Goal – WTTW (Chicago)

Under these arrangements, an energy buyer like Cook County signs a deal with a developer, agreeing to buy electricity at a specified price for a pre-determined time period. This agreement allows the developer to obtain the financing needed to build and operate a renewable energy plant, such as a wind or solar farm. Once the plant is up and running, the developer/energy generator delivers electricity into the grid, where the buyer claims it.
3 Comments
Newest
Oldest Most Voted
Inline Feedbacks
View all comments
The Paraclete
4 years ago

I’m sure savvy businesses are lined up to immerse themselves in Illinois!

Pat S.
4 years ago

Yet, not one media outlet mentions the Solyndra debacle.
Ridiculous.

The Paraclete
4 years ago

This will be snake oil heaven. The schemers will pop up out of the ground! Maybe Solyndra can participate. They’ve the experience having blown $535 million gift from Obama.

SIGN UP HERE FOR FREE WIREPOINTS DAILY NEWSLETTER

Home Page Signup
First
Last
Check what you would like to receive:

FOLLOW US

 

WIREPOINTS ORIGINAL STORIES

Mark Glennon on AM560’s Morning Answer: Chicago pension buyout plan mostly shifts debt rather than eliminating it, property tax surge doubles inflation over three decades

Chicago’s political leadership is floating a pension buyout program as evidence it is seriously addressing the city’s thirty-six-billion-dollar unfunded pension liability, but Mark Glennon, founder of the Illinois policy research organization Wirepoints, said that the proposal moves debt from one column to another rather than reducing it, and that the broader fiscal picture facing the city continues to deteriorate across every measurable dimension. Audio here.

Read More »

WE’RE A NONPROFIT AND YOUR CONTRIBUTIONS ARE DEDUCTIBLE.

SEARCH ALL HISTORY

CONTACT / TERMS OF USE