This is a great example of how energy finance is distorted by regulatory intervention. That's not to say that all regulation is bad. Some regulations are designed to improve safety and protect people and the environment. Other regulations are designed to subsidize uncompetitive energy sources, which inevitably leads to the formation of a class of entities with a strong interest in continuing subsidies. The former can generally be classified as "good" regulation (with some notable exceptions), the latter as "bad" regulation (in virtually every case).
Wednesday, March 9, 2011
The Great Texas Wind Swindle: Property Owners vs. the State (Part I) — MasterResource
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