Diary

Finally, a tax-me-more fund

Thanks to action by the Kentucky Public Service Commission, big spenders and enviro-activists will be able to put their money where their mouths have been.

From the PSC press release:

“In an order issued today, the PSC granted Kentucky Power’s request to begin a “green pricing option” that allows customers to purchase renewable energy. A customer will be permitted to purchase up to 500 blocks of 100 kilowatt-hours per month, at $2 per block. A kilowatt-hour is the amount of electricity used by a 100-watt light bulb in 10 hours. A typical Kentucky Power residential customer uses about 1,350 kilowatt-hours per month. Kentucky Power will use the revenue produced by the optional payments to purchase renewable energy certificates (RECs) from generators of renewable energy. Sources include wind power, solar power, hydroelectric power, landfill gas, biomass and others.”

That’s a whole lot of green for being green. It will be very interesting to see how many people voluntarily get on board.

And if Gov. Steve Beshear decides to provide some of that elusive “leadership” by volunteering to put the Governor’s Mansion on this silly scheme, I vote no.