Somebody forgot the transmission lines. From Mark Glennon at wirepoints.org:
Oopsie.
When Congress voted to spend hundreds of billions to switch electricity production to solar and wind, it forgot something: transmission lines. New ones will be needed going to the locations of the new power sources, but nobody bothered to figure out who will pay for it or how much it will cost.
Congressmen Sean Casten (D-IL) and Mike Levin (D-CA) introduced a bill last month to fix their omission, largely at your expense. The bill has already picked up 76 co-sponsors, including eight from Illinois.
Grab your wallet. Here are the details:
In 2022, Congress passed the mislabeled Inflation Reduction Act (IRA), which will cost an estimated $1.2 trillion, far exceeding initial claims. The IRA actually was the largest energy bill in U.S. history. Tax credits for renewable energy production, among the biggest elements of the law, are estimated to cost $263 billion.
No cap was placed on those tax credits and they were generous – 30% of project costs. That’s part of the reason for the cost overrun but it also means that new solar and wind production projects are underway. All the better, say IRA supporters.
Now, however, there’s widespread, bipartisan recognition that those projects are futile without transmission linking them into the electrical grid. Progressive economist Paul Krugman, for example, cheered the IRA but wrote despairingly in the New York Times that “we may need a third, bureaucratic miracle to fix the electricity grid and make this whole thing work.”
Casten, also an avid IRA supporter, now admits to the gravity of the problem saying that “80% of the clean energy progress we made with the Inflation Reduction Act will be lost unless we reform transmission and permitting.”
