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The 593-megawatt Double Black Diamond Solar farm near Springfield is being built by Swift Current Energy of Boston. But the city doesn’t have a contract with the project itself. Instead, City Hall has a deal with Constellation Energy to supply 100% renewable energy. The Baltimore company sells electricity and natural gas contracts in states — like Illinois — that allow customers to choose their supplier for those 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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Repurposing central Illinois farmland to harvest solar energy via PV panels is an expensive endeavor. The contracts that these companies are required to offer landowners for the use of their property are super duper leases. These leases are many, many’s times what the landowners would get farming it. These contracts are a pensioner’s wet dream. No expense spared, no potential expense not included. Also, those who sign a contract are not allowed to disclose any details of the agreement. Mark my words, your electricity bill will become just like your pension liability.
I love it that the promo video is a reflection of CLOUDS on the darn panel.
GREEN GRIFTER ALERT: Ilinois Democrats Think Solar Energy Will Power Illinois — In A State Where Most Days Of The Year Are Cloudy
4,000 + acres of prime Illinois farm land being repurposed for a solar energy field that has a life expectancy of 30 yrs, wait and see for that fact, and the farm land gone forever. Illinois has this thing called winter, dark gloomy days, snow cover which I’m sure will not affect power output one iota. The long term results will be interesting for sure.