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"In some cases, generational retirements are outpacing new installations," said Diane Holder, of Reliability First. "And this is resulting in reduced reserve margins." Holder said there might not be enough energy supply to get power up quickly if there are unexpected outages. She stressed that there could be more blackouts without adequate resources.
Summary and audio linked here.
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.
Expect no retraction or apology. This what they do.
The state’s existing buyout program for its own pensions is the precedent for Chicago, which should be a warning: Look out for similar exaggerated claims and shoddy analysis.
Full interview and summary linked here.
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Quick! Everyone buy an electric car!
What fools we have at the helm.
Illinois is just the latest example of green energy grifters destroying energy security
This is why we bought Generac stock – irresponsible decisions in Springfield. P