Quantcast
 
New book by Larry Connors Click here Improve your trading - See how


 

EDITORIAL: Wind power in Kentucky worth studying

Sat. October 31, 2009; Posted: 10:59 AM
Stocks RSS
Oct 31, 2009 (Messenger-Inquirer - McClatchy-Tribune Information Services via COMTEX) -- ERC | Quote | Chart | News | PowerRating -- The head of the Center For Applied Energy Research at the University of Kentucky recently told lawmakers that coal is still king in Kentucky. According to Director Rodney Andrews, it's unclear what could replace coal in the country's energy portfolio and cautioned against declaring the next, best energy technology.

"We have a very limited set of options with renewables to produce at utility scale," Andrews told an interim legislative committee.

That may be the case, especially in Kentucky where more than 90 percent of electricity is produced from coal. But that shouldn't restrict the search for new energy sources, particularly those not dependent upon a finite natural resource.

That search could continue in Daviess County, where Spanish energy company Iberdrola Renewables is preparing to test the viability of a commercial wind farm that could become the first in Kentucky.

Wind power has frequently been dismissed as a possible addition to Kentucky's energy spectrum, and this type of alternative energy production does face challenges here. Some dismiss the idea without knowing the facts, without considering all possibilities.

With more concrete information about generating wind power locally, the discussion about alternative energy in Kentucky can be more educated and productive.

Iberdrola has already shown it can make wind power work elsewhere in the country and the world. The company has 38 wind farms in 20 states that can produce enough electricity to power 900,000 homes. Internationally, Iberdrola is the largest renewable energy operator and one of the largest private electric utilities.

That kind of resume will lend credence to the study the company will perform in Daviess County, and a more accurate assessment of whether a commercial wind farm will work here.

Indeed, such a venture would have a large impact -- on the local economy, and the landscape. Each turbine sits up to 250 feet or more above the ground with each blade potentially measuring more than 100 feet long.

The turbines can cost more than $1 million each, which will help boost local property tax revenues. Landowners are paid to have the turbines installed on their property or for the amount of power each turbine produces.

But wind farms also bring with them critics, which is understandable given how the massive turbines can easily change the landscape. Wind farm proposals in other states have been met by opposition, and here locally there would undoubtedly be some who object to how these turbines will affect the view and environment.

That discussion -- whether a wind farm should be built in Daviess County -- is for another day. Before getting to that step, it must be determined whether one can be built here and succeed. And that's what Iberdrola hopes to accomplish.

Kentucky's history is steeped in coal, and coal will continue to be a major player in how this state fuels its economy and powers its homes. But looking ahead, Kentuckians will need to make educated decisions about how to tap other energy resources, including wind power. Thanks to Iberdrola, that education will begin soon.

To see more of the Messenger-Inquirer, or to subscribe to the newspaper, go to
http://www.messenger-inquirer.com. Copyright (c) 2009, Messenger-Inquirer,
Owensboro, Ky. Distributed by McClatchy-Tribune Information Services. For
reprints, email tmsreprints@permissionsgroup.com, call 800-374-7985 or
847-635-6550, send a fax to 847-635-6968, or write to The Permissions Group
Inc., 1247 Milwaukee Ave., Suite 303, Glenview, IL 60025, USA.
For full details on Evergreen Managed Inc Fd (ERC) click here. Evergreen Managed Inc Fd (ERC) has Short Term PowerRatings of 5. Details on Evergreen Managed Inc Fd (ERC) Short Term PowerRatings is available at This Link.

    


More News:   Market Updates | Stock Alerts | All Trading News | Stock Index

Email
Print
Archives
Feedback
Email Article Link
Close X
Recipients email address
Your name
Your email
Add a note (optional)




Stocks RSS





Related News [ERC]
  UPCOMING EVENTS
Learn new strategies, how to trade in this market, and the stocks you should be focusing on each day. Join us for our free 20 minute tele-seminars during the week.
* Attendance is strictly limited and are filled on a first-come, first-served basis.
PREMIER SPONSORED LINKS
TRADE CENTER
 
The TradingMarkets Directory
RELATED SITES
Nothing but forex
Please call 1-213-955-5858 ext. 1

About TradingMarkets | Contact | Advertise | Careers | Link to Us | Site Map | Help | Terms & Conditions | Privacy Policy | Return Policy | Testimonials | Feedback

Disclaimer:

The Connors Group, Inc. ("Company") is not an investment advisory service, nor a registered investment advisor or broker-dealer and does not purport to tell or suggest which securities or currencies customers should buy or sell for themselves. The analysts and employees or affiliates of Company may hold positions in the stocks, currencies or industries discussed here. You understand and acknowledge that there is a very high degree of risk involved in trading securities and/or currencies. The Company, the authors, the publisher, and all affiliates of Company assume no responsibility or liability for your trading and investment results. Factual statements on the Company's website, or in its publications, are made as of the date stated and are subject to change without notice.

It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable or that they will not result in losses. Past results of any individual trader or trading system published by Company are not indicative of future returns by that trader or system, and are not indicative of future returns which be realized by you. In addition, the indicators, strategies, columns, articles and all other features of Company's products (collectively, the "Information") are provided for informational and educational purposes only and should not be construed as investment advice. Examples presented on Company's website are for educational purposes only. Such set-ups are not solicitations of any order to buy or sell. Accordingly, you should not rely solely on the Information in making any investment. Rather, you should use the Information only as a starting point for doing additional independent research in order to allow you to form your own opinion regarding investments. You should always check with your licensed financial advisor and tax advisor to determine the suitability of any investment.

HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN INHERENT LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING AND MAY NOT BE IMPACTED BY BROKERAGE AND OTHER SLIPPAGE FEES. ALSO, SINCE THE TRADES HAVE NOT ACTUALLY BEEN EXECUTED, THE RESULTS MAY HAVE UNDER- OR OVER-COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN.

The Connors Group, Inc.
10 Exchange Place, Suite 1800
Jersey City, NJ 07302

© Copyright 2009 The Connors Group, Inc.


All analyst commentary provided on TradingMarkets.com is provided for educational purposes only. The analysts and employees or affiliates of TradingMarkets.com may hold positions in the stocks or industries discussed here. This information is NOT a recommendation or solicitation to buy or sell any securities. Your use of this and all information contained on TradingMarkets.com is governed by the Terms and Conditions of Use. Please click the link to view those terms. Follow this link to read our Editorial Policy.

© 2009 The Connors Group, Inc.