August 22, 2022 — Now that their climate spending bill has been signed by President Biden, Democrats might go to bed dreaming of wind farms. What they’re sleeping through is the green logrolling and corporatism already evident in the clean-power transition. A good example is an offshore wind farm that Virginia regulators approved recently under obvious duress.
Dominion Energy plans to build 176 wind turbines 27 miles off the coast of Virginia Beach. That’s enough to power about 660,000 homes. The capital cost is $9.8 billion. The state Corporation Commission assented to a related rate increase, but it noted that the downside risk is on consumers. Typically, the commission says, a utility might buy such power from an outside developer, “which limits the risks to customers.” Yet Dominion “has chosen to construct, own and operate the Project.”\