Missouri Edition
Forget Proposition C, Let’s Go Nuclear!
Proposition C on the Missouri ballot this November want to force utility companies to build renewable energy sources until 15% of the state’s energy comes from these sources. Not only that, but the proposition puts price controls on the energy companies and prohibits them from raising rates by more than 1% annually.
Why is this even necessary?
If there is a market for renewable energy, and it can make the utility companies a profit, won’t they do it without being forced? Yes, they will. The utility company has one goal: safely create electricity in a manner that results in a profit.
Also, the price controls placed on the utilities could result in their running at a loss. What will happen then? Will this cost the taxpayers? One way or the other, you can bet on it.
Rather than force utilities to build windmills, why don’t we make it attractive to build nuclear?
Right now there is only one nuclear power plant in Missouri, Callaway. Let’s build more, provide all of Missouri with electricity, and start selling what is left over to any of the eight states that border us.
Create policies that make utilities want to build here, rather than a system that forces them to. Business generally don’t like to be forced to do something, then told how much they can sell it for. But if they come here because our state policies have made it attractive to them, they will come. And the price for energy will be reduced in the state because of it.
The free market will work, when left alone. The failures happen when people start enacting things like Proposition C.
Related posts:
- Karl Rove: “Obama and McCain both reveal a disturbing animus toward free markets and success”
- Iran to IAEA: “Here’s Some Nuclear Weapons Blueprints.”
- GOP.com Joins the Church of Global Warming
- Obama Talks a Good Game on Nuke Plants, Does Little To Show He Means It
- Hillary Jumps on Board the Global Warming Train
