Testimony vs. Clean Line SPIN: Can anyone access the comments on this editorial? It desperately needs them! You know, something like HEY! Clean Line doesnt include ANY costs- long term, short term, environmental, soil damage, land devaluation, health and safety, pipeline safety, etc. etc. etc., and they way they calculated economic benefits was shredded under testimony and cross-examination at the Illinois Commerce Commission. Heres a short excerpt about what the ICC staff says about Clean Lines calculated economic benefits: “For instance, if RICL had to double the thickness and the length of its conductors, it would dramatically increase the cost of the project. However, using the methodology presented by RICL’s witness, Dr. Loomis, that same increase in the cost of the project would also directly and indirectly increase employment, increase revenues of manufacturing and service enterprises, and increase tax revenues at the State and local levels, which RICL would count as benefits. Indeed, the more imprudent, inefficient, costly, wasteful RICL is assumed to be, the greater the “benefit” that would be computed by Dr. Loomis’ model.” ICC Staff/Zuraski p.13-16 And heres what the Illinois Commerce staff testimony says about tax benefits: “Third, even assuming that the RICL Project is the only feasible incremental use of otherwise idle resources, the cited increase in tax revenues at the State and local levels merely represent income transfers, at best. They are benefits to the constituents of those units of government receiving the tax revenues, while, at the same time, they are costs born by the ultimate consumers of RICL’s services. They do not represent a net increase in consumer welfare. …Some portion of these tax revenues could even represent a net increase in costs…” ICC Staff/Zuraski p.15 “Fifth, the analysis was applied inconsistently in this particular instance. Dr. Loomis entered into his model the direct construction and operating and maintenance costs of both the RICL Project and the wind farms that RICL expects to sprout up next to the project, but he failed to take into account the projected reductions in the cost of energy that were presented by RICL witnesses Moland and McDermott. There was no logical reason not to do so, assuming one accepts the validity of Dr. Loomis’ model.” ICC Staff/Zuraski p.13-16 What idiot believes the power line would create 500 permanent jobs??? Beth has been busy and growing desperate. Many more testimony highlights on BlockRICL/extended-testimony-quotes desmoinesregister/story/opinion/columnists/iowa-view/2014/11/14/rock-island-clean-line-benefits/19009723/
Posted on: Fri, 14 Nov 2014 15:58:44 +0000
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