Green power regulators trip over each other in Illinois

Thomas Lifson
When governments try to micromanage business via regulation, ineptness is to be expected as the norm. Why do liberals have to learn this simple lesson over and over again? It is the law of unintended consequences. The latest example comes from Illinois, that fount of the Obama administration, where Steve Daniels of Chicago Business.com explains: Chicago's recent move to join more than 100 suburbs in allowing residents to buy cheaper power than that offered by Commonwealth Edison Co. could kill the construction of any more wind farms or other large-scale renewable-energy facilities in Illinois, clean-energy companies say. Two major state energy laws have combined in an unanticipated fashion to make new wind farms and large-scale solar facilities impossible to finance. One requires an increasing percentage of the power consumed here to come from clean sources. The other allows municipalities to buy cheap electricity in bulk on behalf of their constituents The purported green...(Read Full Post)

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