On Killing Golden Egg Laying Geese
- tax code expirations
- debt ceiling increase
- transportation bill
- unpassed appropriation bills required to, "keep the government open"
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Commentary: While this meeting was beautifully organized and executed by its Oregon hosts, we note with some chagrin the minimal attention given fossil fuel's importance in maintaining the lowest possible utility costs. Virtually all of the presentations of this conference focused on alternate energy sources--and not on the higher costs this focus would transfer to the future generation of consumers as regulatory bias against fossil fuel for heating and power seems to be increasing.
Accordingly, we urge commissioners and other decision makers to place more weight on the effect of their decisions upon average American citizens. Lawmakers and regulators are mostly well intended. But good intention cannot overcome the inevitable devastation wrought by higher utility costs in a depressed, job-constrained economy.
We must ask: is good intention (i.e. global warming hysteria, smart metering, higher government subsidies for mal performing fuel producers, higher taxes for profitable fuel producers, job killing "renewable portfolio standards", illogical blocking of OCS and pipeline projects, etc.) threatening to kill many geese that have laid many golden eggs throughout America and throughout our country's history?
Finally, we note that as this well-intended generation of lawmakers and regulators increases utility costs by increasing reliance on high-cost heating and power sources, they are really violating the time-honored regulatory tradition of avoiding "intergenerational inequity".
Most of our utility costs now are ameliorated by a strong fossil fuel content. As current decisions decrease low cost fossil fuel content in utility bills, the greater cost of supporting less efficient alternatives will be borne more by our children than by us.
|Your author is former Chairman and member of the Regulatory Commission of Alaska, Chairman of the WCPSC's Gas Committee and Co-Vice Chairman of NARUC's Gas Committee. As a NARUC Commissioner Emeritus, we continue to attend national and regional regulatory commissioner meetings.|
Posted: June 13, 2012