A bill before the Oregon House would require big utilities to get 25% of their electrical energy from renewable resources by 2025. Needless to say, this is a controversial bill. As reported in the Oregonian, Energy Bill Makes it to the House by Gail Kinsey Hill "The bill pits utilities, environmentalists and residential consumer groups against large industrial customers. Arguments over potential rate increases and environmental and economic impacts have reached a fever pitch as a vote by the House has neared. A similar bill already has passed the Senate."
"Proponents maintain that the requirement is needed to develop renewable energy, fight climate change and stimulate an emerging industry of clean-technology companies. (Governor) Kulongoski has worked closely with Pacific Power and environmental lobbyists to craft the details and solidify support.
Opponents have pounded away on the potential economic repercussions. Manufacturers say they already face high energy costs and would suffer from further rate increases. Semiconductor makers and forest products companies are the most vocal critics.
Both sides say the rate impact of the bill is impossible to gauge with any precision"
This is a very controversial bill that will reshape Oregon and possible America. If it goes into effect Oregon will become an even greener state, however, without some for of price control or credit, we could become even more uncompetitive in the global economy.
Larry Morris is a loan Officer with Equipoint Financial Network in Newberg, Oregon. He specializes in relocations and Sherwood, Oregon neighborhoods and Yamhill COunty. He can be reached at larry.morris@equipoint.com. His website is www.PDX-Mortgage.com. This material is copy protected 2007 by Larry Morris, Mortgage News that Matters. All Rights Reserved His opinions do not necessarily represent the views of Equipoint Financial Network.
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Larry Morris is a Certified Mortgage Planning Specialist and Certified Mortgage Coach with Golf Savings Bank in Beaverton, Oregon. He specializes in USDA Guaranteed Rural Home Loans, FHA Purchase and Refinance, FHA 203k Rehab loans, FannieMae HomePath loans and conforming purchase and refinances in the states of Oregon, Washington, Idaho and California.
He can be reached at 503-421-0096, or larry@PDX-Mortgage.com.
Wow - that's definitely a step into the future - Are they looking at hydro, wind, and solar primarily? What are they finding to be most cost effective?