MR. WING: Dan Wing of Rochester, New York. First of all this company, Iberdrola, they're owned by Ationa who owns AES who owns Iberdrola S.A., the Spanish company that is buying Iberdrola and all this renewables, U.S.A., which is headquartered in Pennsylvania, since one January 2006, and is headquartered next to another company in Pennsylvania, but markets and sells into New York and generates electricity in Pennsylvania and CEI, they started out of Wayne, Pennsylvania and went down the road and very shortly thereafter, this is January 2006, Iberdrola owned these guys.
They come to the Public Service Commission 51 weeks ago, Iberdrola did, and stated neither Iberdrola nor its affiliates, the joint petitioners explained, own or control any electrical generators or transmission assets or generator outputs in New York and are non-affiliated with any marketers in New York or adjacent regions. People, this is perjury. CEI has three wind power fields in Pennsylvania operating since 2003. CEI had a director of New York marketing, his name was Mr. Cayman, he was in Buffalo getting the company, Niagara Mohawk, to sell them wind power. New wind energy is the trade mark to Niagara Mohawk and its customers.
They've lied. They should go to jail. The attorney general should be on this and Public Services Commission should say good bye right now. If they do it on the state and higher levels, they're going to screw you guys. Wind power is a panasia. When you look beyond, it's only going to generate about one percent of the nation's electricity by 2050. It does not generate on these huge things, electricity, unless the wind is over eight miles per hour.
It's got to pipe in the public's electric, that's the other way, to these wind fields to keep the things turning to make it look like they're turning and keep them from freezing up, but the tax payers are paying for this. It's called renewable energy credits, and renewable energy service. Your money goes outs the door. That was from federal and state government, it goes outs the door because they don't pay full taxes to the community and rate payers are going to have it controlled at all ends.
I'll give this out to anybody that wants it, but what's happening is that CEI, and any way you want to look at it, Iberdrola is going to control it at the generation end. A lot of it, they're going to market, they're going to transmit it and they're going to be the demander or recipient here and it's going to be supply and demand. Hey, we own RG&E, we own NYSEG, some of us more. They get credits, end tax credits. The fields are built up, more tax credits. They can't operate on a profit and they can't do anything for this country's energy needs.
You're still going to have to build just as many power plants of other types and they're going to be hit both ways and these people that are talking today lower class, middle class and upper class, are going to go why the heck are our rates so high and it's all that money going overseas and into stockholder's hands. I won't go into anything more. Thank you.
07-M-0906_PSH_Roch_022008.pdf
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