[DeTomaso] Wondering how California banning fossil fuel in 27 years will impact the long term value of our cars?

larry at ohiotimecorp.com larry at ohiotimecorp.com
Tue Sep 18 12:49:19 EDT 2018


Our electric utility in North East Ohio has two older Nuke plants and some
coal plants. At the beginning of the year they started to shot down the coal
plants. Last week they file for Chapter 11 bankruptcy.


Larry (has a camp fire) - Cleveland











-----Original Message-----
From: DeTomaso <detomaso-bounces at server.detomasolist.com> On Behalf Of JFFR
Sent: September 18, 2018 9:25 AM
To: detomaso at server.detomasolist.com
Subject: Re: [DeTomaso] Wondering how California banning fosil fuel in 27
years will impact the long term value of our cars?

Electric rates going up is an understatement! I also worked my entire life
in the electric generating industry and I can honestly say that all of these
new regulations end up costing the rate payers a lot of money. 
California currently gets a lot of electricity from Nevada, Arizona and Utah
and much of which is generated by coal. There is also a bill coming up in
November for Arizona to be using 100 percent renewable electricity by a
certain year.

People fail to understand that when the sun doesn't shine and the wind
doesn't blow, all of these nice renewable energy sources stop producing
power. Until someone comes up with a battery storage system that can supply
power to the grid after dark, having 100 percent renewable electric power is
only a dream. Of course if people are willing to put up with blackouts, then
this might work. Until then, fossil fuel generated electricity is going to
be here.



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