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Rep. Patricia Morgan Questions Taxpayer Funding Of Renewable Energy Project Grid Interconnects By Private Companies Who Then Solely Profit From Those Projects
1 year ago
492
Rep. Patricia Morgan is constantly looking out for the financial interests of the taxpayer.
Rep. Morgan questions the sponsor of H6388, Rep. June Speakman, on a bill that would leave taxpayers on the hook for interconnection of renewable energy project to the electrical grid.
Although the intent of the bill is to incentivize private companies to develop on non-forested land, the funding of those projects would still come from the taxpayer banked Infrastructure Fund at a low interest rate.
The private developer would then solely benefit from the renewable energy project while the ratepayer would enjoy the exorbitant cost of energy in Rhode Island.
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