by Jon Sanders
Director of the Center for Food, Power, and Life, Research Editor | John Locke Foundation
First, Duke would pay to have anaerobic digesters extract biogas from swine waste in the Midwest. The biogas, which would be indistinguishable from natural gas, would be injected into pipelines hundreds of miles from here. Duke would then claim renewable credits for an equivalent amount of natural gas taken from pipelines here to generate electricity for North Carolina households and businesses.
“In this case, the electricity is being produced in North Carolina,” said Duke spokesman Randy Wheeless.
— “N.C. pork lobby objects to Duke Energy swine waste proposal,” The News & Observer, 7/10/15
I can’t get over this. Duke Energy, which regularly hits the full 25 percent capped allotment of out-of-state renewable energy credits (RECs) every year because it’s cheaper than in-state, may have figured out how to turn out-of-state RECs into in-state RECs, at least with respect to pig crap:
It’s genius, I tell you, breathtakingly genius. Imagine that kind of creative imagination being put to use in a market-based industry instead of one based on winning legislators instead of customers.