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RGGI |
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If New England's nuclear energy plants had to be replaced by other non-emitting sources of electricity to meet the RGGI goals, the region would be looking at large-scale wind projects, with weather-dependent output, spread over some 650,000 acres of land or water at a cost of more than $10 billion. With the recent adoption of the Regional Greenhouse Gas Initiative (RGGI) by Northeastern states, including Maine, the plant will also be in a good position to help meet the RGGI mandate to cut global warming pollution. The RGGI Proposal in its current form poses a significant risk of higher electric power prices by driving generators increasingly toward natural gas, imposing additional costs for the acquisition of carbon dioxide allowances, and driving additional capital costs for the upgrade of combustion units," said James T. |
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