1
00:00:00,440 --> 00:00:03,040
Speaker 1: Yo dragon, and the way you guys are posting all

2
00:00:03,040 --> 00:00:06,560
Speaker 1: the podcasts now, but tell me is that KLA Sports

3
00:00:06,600 --> 00:00:09,600
Speaker 1: only posted the interviews yesterday. Thinking you could go find

4
00:00:09,640 --> 00:00:12,720
Speaker 1: the other three hours or two hours, or however many

5
00:00:12,720 --> 00:00:15,760
Speaker 1: of there were and get them up there.

6
00:00:16,480 --> 00:00:17,239
Speaker 2: That'd be awesome.

7
00:00:18,120 --> 00:00:21,080
Speaker 1: It's probably Zach, because Grant is almost as good as

8
00:00:21,079 --> 00:00:24,160
Speaker 1: you are. Figure the best, buddy.

9
00:00:25,960 --> 00:00:27,720
Speaker 3: I'll chat with them and see what's up. See if

10
00:00:27,760 --> 00:00:30,720
Speaker 3: something happened. It's probably just hasn't been published yet. So

11
00:00:30,760 --> 00:00:33,479
Speaker 3: maybe I'll just check over their site and give a

12
00:00:33,479 --> 00:00:34,960
Speaker 3: couple of click at ees and see what happens.

13
00:00:35,920 --> 00:00:40,120
Speaker 2: Why are they leaving a talk back in our program?

14
00:00:40,280 --> 00:00:44,159
Speaker 4: Uh huh about somebody else's program, in fact, even a

15
00:00:44,200 --> 00:00:48,159
Speaker 4: program for which you don't work.

16
00:00:48,080 --> 00:00:53,760
Speaker 3: Right, it's obviously because our program is perfect and needs

17
00:00:53,840 --> 00:00:54,600
Speaker 3: no goal.

18
00:00:54,840 --> 00:00:57,800
Speaker 4: So they're looking for guidance. They're looking for expertise to

19
00:00:57,880 --> 00:01:01,800
Speaker 4: help them out. Of course, Well, I understand that.

20
00:01:03,920 --> 00:01:06,679
Speaker 3: I can't help but excel at my job. You, on

21
00:01:06,760 --> 00:01:09,120
Speaker 3: the other hand, that's a very different story.

22
00:01:11,040 --> 00:01:17,160
Speaker 2: I am. I'm a goat, Yeah, not great, a small

23
00:01:17,280 --> 00:01:17,800
Speaker 2: time just.

24
00:01:19,120 --> 00:01:25,240
Speaker 3: Can eating can eating weird eye pupil is creepy, weird,

25
00:01:25,480 --> 00:01:26,360
Speaker 3: weird eye pupil.

26
00:01:26,360 --> 00:01:26,960
Speaker 2: What's that about?

27
00:01:27,080 --> 00:01:29,880
Speaker 3: Look at the pupils for goat. You get a computer

28
00:01:30,000 --> 00:01:32,479
Speaker 3: right in front of you, open up a tab, type

29
00:01:32,560 --> 00:01:33,840
Speaker 3: in goat pupil.

30
00:01:34,240 --> 00:01:39,080
Speaker 5: They're creepy and they just creep me out. The baby

31
00:01:39,080 --> 00:01:40,760
Speaker 5: goats the cutest little thing in the world. But you

32
00:01:40,760 --> 00:01:41,840
Speaker 5: look into their eyes and you're like.

33
00:01:44,160 --> 00:01:44,640
Speaker 2: Images.

34
00:01:46,480 --> 00:01:48,000
Speaker 5: Uh huh.

35
00:01:48,040 --> 00:01:49,480
Speaker 2: I've never noticed that my entire one.

36
00:01:49,560 --> 00:01:51,960
Speaker 5: Yeah, they're horizontal. It's weird.

37
00:01:52,720 --> 00:01:56,440
Speaker 2: Wow, I've learned something today. All right, you're not everybody.

38
00:01:56,560 --> 00:02:00,720
Speaker 2: I'm gone. Now we got that out of the way.

39
00:02:01,160 --> 00:02:05,920
Speaker 2: Goat pupils. Let's talk about your electric bill. Yeah.

40
00:02:06,400 --> 00:02:10,720
Speaker 4: The Energy Secretary Chris Wright, who we've had on our program,

41
00:02:10,760 --> 00:02:11,560
Speaker 4: remember him, Dragen.

42
00:02:11,680 --> 00:02:13,639
Speaker 5: He was wonderful, It's fantastic.

43
00:02:13,680 --> 00:02:15,560
Speaker 3: He was one of the guys that actually said that

44
00:02:15,600 --> 00:02:19,320
Speaker 3: there's enough energy here under the ground in Colorado that

45
00:02:19,440 --> 00:02:24,640
Speaker 3: could last hundreds plurality hundreds of years, but they can't

46
00:02:24,680 --> 00:02:26,080
Speaker 3: get to it for some reason.

47
00:02:26,280 --> 00:02:31,120
Speaker 4: Well he said, he says this, if you looked at

48
00:02:31,160 --> 00:02:34,200
Speaker 4: your Excel, Intergy or whoever your provider is, tri State

49
00:02:34,400 --> 00:02:36,480
Speaker 4: or Core or whoever it is, I don't I really

50
00:02:36,520 --> 00:02:38,360
Speaker 4: don't care. But if you looked at it at your

51
00:02:38,360 --> 00:02:41,919
Speaker 4: electric bill, and I always like how they tell, you know, well,

52
00:02:41,960 --> 00:02:46,160
Speaker 4: the average bill in Colorado is x nobody. Does anybody

53
00:02:46,200 --> 00:02:48,680
Speaker 4: really have an average bill? Do you think you have

54
00:02:48,720 --> 00:02:50,560
Speaker 4: an average bill, mister Redbeard?

55
00:02:51,040 --> 00:02:51,600
Speaker 5: I think we do.

56
00:02:51,720 --> 00:02:55,480
Speaker 3: Okay, so it's most definitely higher than I want to pay,

57
00:02:55,520 --> 00:02:57,760
Speaker 3: but I think it's you know, it's probably a little better.

58
00:02:57,960 --> 00:03:01,000
Speaker 4: What's your what do you think your max amount you've

59
00:03:01,000 --> 00:03:02,279
Speaker 4: ever paid in the summer.

60
00:03:02,160 --> 00:03:05,040
Speaker 5: Is three fifty?

61
00:03:05,200 --> 00:03:06,520
Speaker 2: Yeah, I got to say, yeah, that's probably what.

62
00:03:06,639 --> 00:03:09,280
Speaker 5: Yeah, and I had a roughly two thousand square foot home.

63
00:03:09,720 --> 00:03:13,120
Speaker 4: Okay, we've got probably twenty five hundred square feet, but

64
00:03:13,240 --> 00:03:16,000
Speaker 4: we also have all of us getting really old. For

65
00:03:16,120 --> 00:03:20,000
Speaker 4: its time was high efficiency. I think now it's probably

66
00:03:20,080 --> 00:03:22,560
Speaker 4: not high efficiency, but you should have grew up if

67
00:03:22,600 --> 00:03:25,400
Speaker 4: you grew up in Oklahoma where it was humid and

68
00:03:25,520 --> 00:03:28,480
Speaker 4: hot and you know, and the and those condensers had

69
00:03:28,520 --> 00:03:30,320
Speaker 4: to work extraordinarily hard, it was.

70
00:03:30,440 --> 00:03:34,359
Speaker 2: Yeah, it's pretty bad, pretty bad. So yeah, it would be.

71
00:03:34,680 --> 00:03:37,720
Speaker 4: Oh, I can't even imagine, like one of my daughter's

72
00:03:38,200 --> 00:03:42,000
Speaker 4: electric bill is in Scottsdale, because they've got a gigantic home.

73
00:03:42,240 --> 00:03:45,760
Speaker 4: You know, they're they're muckety MUCKs, and they you know,

74
00:03:46,000 --> 00:03:48,280
Speaker 4: they even have like a little casita out there where

75
00:03:48,280 --> 00:03:50,760
Speaker 4: you know, they allow Tamer and I to stay because

76
00:03:50,960 --> 00:03:53,400
Speaker 4: you know it's it's it's separate apart from the house.

77
00:03:53,440 --> 00:03:56,000
Speaker 4: So yeah, we'll put the grandparents out on the back

78
00:03:56,080 --> 00:03:56,680
Speaker 4: forty you know.

79
00:03:56,880 --> 00:03:59,640
Speaker 5: So we want them close, but we still want them.

80
00:04:00,080 --> 00:04:03,160
Speaker 4: Right harrow closed, but far enough away. Yeah, so that

81
00:04:03,240 --> 00:04:05,760
Speaker 4: when the fish began to stink after three days, you know,

82
00:04:05,840 --> 00:04:08,520
Speaker 4: they can just like lock the doors not let us in,

83
00:04:09,440 --> 00:04:10,600
Speaker 4: which exactly.

84
00:04:10,160 --> 00:04:10,680
Speaker 2: Happened to me.

85
00:04:10,960 --> 00:04:13,080
Speaker 4: I've had to stand at the sliding glass door, like, hey,

86
00:04:13,080 --> 00:04:13,680
Speaker 4: can I come in?

87
00:04:14,400 --> 00:04:15,240
Speaker 2: Could you let me in?

88
00:04:16,040 --> 00:04:18,359
Speaker 5: Like one of the Limburgers.

89
00:04:20,240 --> 00:04:21,480
Speaker 2: I promised to be nice.

90
00:04:22,320 --> 00:04:26,440
Speaker 4: Chris Wright says that high electric costs are a political

91
00:04:26,720 --> 00:04:32,040
Speaker 4: choice in this country. I think he's right, and when

92
00:04:32,080 --> 00:04:35,640
Speaker 4: you look at the evidence, well, I think the secretary.

93
00:04:35,200 --> 00:04:35,760
Speaker 2: Is not wrong.

94
00:04:37,080 --> 00:04:40,479
Speaker 4: In a recent interview with The Wall Street Journal, Chris

95
00:04:40,520 --> 00:04:44,080
Speaker 4: Wright said, and I quote, if you have expensive energy

96
00:04:44,120 --> 00:04:45,640
Speaker 4: in your state, Colorado, we're.

97
00:04:45,480 --> 00:04:45,960
Speaker 2: Looking at you.

98
00:04:46,640 --> 00:04:51,520
Speaker 4: It's because politicians and regulators chose to do that. It

99
00:04:51,640 --> 00:04:55,240
Speaker 4: is not bad luck, it is not marketplace. There is

100
00:04:55,440 --> 00:04:59,240
Speaker 4: no reason to have these rapid increases and electricity prices,

101
00:04:59,640 --> 00:05:02,320
Speaker 4: no reason except politics.

102
00:05:02,920 --> 00:05:04,480
Speaker 2: Now, I think it's correct.

103
00:05:04,880 --> 00:05:08,640
Speaker 4: And the disparity that exists in electric bills in a

104
00:05:08,720 --> 00:05:12,080
Speaker 4: red state or a blue state can be easily seen.

105
00:05:12,279 --> 00:05:15,000
Speaker 4: And you can go to the US Energy Information Agency,

106
00:05:16,000 --> 00:05:22,760
Speaker 4: the us EI, a EIO, EIO, the EIA, and you

107
00:05:22,760 --> 00:05:25,400
Speaker 4: can find this national map which will show you though

108
00:05:25,400 --> 00:05:28,240
Speaker 4: oh there is huh, look at that blue states and

109
00:05:28,360 --> 00:05:32,640
Speaker 4: red states. EIA's data shows the states with the highest

110
00:05:32,720 --> 00:05:36,800
Speaker 4: rates include Democrats strongholds like California, New York, Hawaii, and

111
00:05:36,839 --> 00:05:39,560
Speaker 4: New England states and the states with the lowest utility

112
00:05:39,640 --> 00:05:44,080
Speaker 4: bills included are the redst of the Red states, Louisiana, Arkansas,

113
00:05:44,120 --> 00:05:47,920
Speaker 4: Oklahoma where the wind comes sweeping down to the plane, Texas, Nebraska, Wyoming,

114
00:05:48,120 --> 00:05:51,760
Speaker 4: I had, the whole North, Dakota, and Iowa. I think

115
00:05:51,800 --> 00:05:56,320
Speaker 4: it all ties directly and with findings in a recent

116
00:05:56,360 --> 00:05:58,040
Speaker 4: study done by the Institute.

117
00:05:57,640 --> 00:06:01,200
Speaker 2: For Energy Research. I don't think there's a mystery here.

118
00:06:01,839 --> 00:06:06,200
Speaker 4: Democrats seek to exploit the so called affordability issue, which,

119
00:06:06,360 --> 00:06:09,120
Speaker 4: mark my words, that will be the number one issue

120
00:06:09,440 --> 00:06:13,960
Speaker 4: because Trump has taken off well, Trump took off border security,

121
00:06:14,920 --> 00:06:17,719
Speaker 4: but immigration, illegal immigration, I think will still be a

122
00:06:18,040 --> 00:06:22,200
Speaker 4: issue in the midterms election. Midterm elections but instead of

123
00:06:22,760 --> 00:06:23,920
Speaker 4: and we've got to get ahead of this.

124
00:06:24,040 --> 00:06:25,279
Speaker 2: But I digress.

125
00:06:26,120 --> 00:06:29,400
Speaker 4: We're actually doing what most people want. They're just now

126
00:06:29,480 --> 00:06:33,600
Speaker 4: seeing and they're going, oh, they they they were rough

127
00:06:33,640 --> 00:06:37,120
Speaker 4: on those people. Oh those poor little people. Why they

128
00:06:37,120 --> 00:06:39,720
Speaker 4: were throwing they were throwing things at the ice officers.

129
00:06:39,720 --> 00:06:43,200
Speaker 4: So the ice officers threw them to the ground. But

130
00:06:43,400 --> 00:06:49,240
Speaker 4: we're out to get beyond that affordability. The truth is

131
00:06:49,560 --> 00:06:53,600
Speaker 4: their policies. The Democrats created this issue to begin with.

132
00:06:55,040 --> 00:06:59,880
Speaker 4: Wright provides some receipts. Electricity prices are up six point

133
00:07:00,080 --> 00:07:04,240
Speaker 4: seven percent over year year over year this past December,

134
00:07:04,600 --> 00:07:08,760
Speaker 4: nearly forty percent increase since twenty twenty. That is due

135
00:07:08,800 --> 00:07:12,480
Speaker 4: to the United States adopting a United Kingdom style energy

136
00:07:12,520 --> 00:07:16,800
Speaker 4: policy under both Biden and Obama, like forcing Hey Colorado

137
00:07:17,720 --> 00:07:23,680
Speaker 4: closing coal plants or Hey Colorado mandating wind and solar.

138
00:07:25,400 --> 00:07:25,800
Speaker 2: Wow.

139
00:07:26,480 --> 00:07:28,680
Speaker 4: Utility rates rose two times the rate of inflation in

140
00:07:28,720 --> 00:07:31,520
Speaker 4: democratic government state governed states over the last five years.

141
00:07:32,240 --> 00:07:35,440
Speaker 4: In GOP states, only half the inflation rate. States with

142
00:07:35,640 --> 00:07:39,360
Speaker 4: renewable portfolio standards have a fifty percent higher price than

143
00:07:39,360 --> 00:07:42,440
Speaker 4: those without. Twenty eight states enforced them, driving costs up.

144
00:07:42,480 --> 00:07:47,080
Speaker 4: Biden's five trillion dollars stimulus for a one point five

145
00:07:47,160 --> 00:07:52,520
Speaker 4: trillion GDP gap fueled inflation obviously across the board. It

146
00:07:52,600 --> 00:07:55,720
Speaker 4: is now fixable if you do some policy reversals like

147
00:07:55,760 --> 00:07:58,120
Speaker 4: the ones that Chris Wright and Donald Trump are trying

148
00:07:58,120 --> 00:08:01,680
Speaker 4: to pursue. He said in the Wall Street Journal. We've

149
00:08:01,720 --> 00:08:04,280
Speaker 4: had a tailwind of these things to drive our own

150
00:08:04,440 --> 00:08:07,640
Speaker 4: energy prices, and so that's a battleship. We're stopping and

151
00:08:07,680 --> 00:08:11,040
Speaker 4: turning back, and we know turning a ship around in

152
00:08:11,080 --> 00:08:14,520
Speaker 4: the middle of the ocean takes some time. But Right's

153
00:08:14,720 --> 00:08:18,880
Speaker 4: efforts produced results during the recent major winter storm because

154
00:08:18,920 --> 00:08:22,840
Speaker 4: in several regions, coal fired power plants, for which Right

155
00:08:23,120 --> 00:08:26,720
Speaker 4: acted almost immediately upon taking office to avoid you know,

156
00:08:27,480 --> 00:08:32,120
Speaker 4: the scheduled premature retirements. Those those are needed to generate

157
00:08:32,960 --> 00:08:36,439
Speaker 4: needed base load power so you can avoid blackout conditions

158
00:08:36,480 --> 00:08:39,560
Speaker 4: like wind and solar when they fail to perform. And

159
00:08:39,679 --> 00:08:43,120
Speaker 4: keeping those cold plants and natural gas plants, which are

160
00:08:43,160 --> 00:08:47,440
Speaker 4: also scheduled for premature retirements, you know, they should they

161
00:08:47,480 --> 00:08:51,920
Speaker 4: should see a urologist or a sex therapist about you know,

162
00:08:52,160 --> 00:08:56,800
Speaker 4: premature retirements, because obviously premature retirement of you know, these

163
00:08:56,840 --> 00:08:58,040
Speaker 4: plants is not a good thing.

164
00:08:58,679 --> 00:09:00,000
Speaker 2: These you know what happened.

165
00:09:00,640 --> 00:09:05,000
Speaker 4: You get a premature retirement of a coal or a

166
00:09:05,200 --> 00:09:09,400
Speaker 4: natural gas plant, and then those of us who really love,

167
00:09:09,760 --> 00:09:13,680
Speaker 4: you know, having the output, if you might say, of

168
00:09:13,760 --> 00:09:17,240
Speaker 4: a coal or a natural gas plant, but it has

169
00:09:17,280 --> 00:09:22,600
Speaker 4: a premature problem that leads you unsatisfying. Yes, and so

170
00:09:22,720 --> 00:09:25,240
Speaker 4: they need to go see a sex therapist.

171
00:09:25,600 --> 00:09:26,480
Speaker 2: Or a urologist.

172
00:09:26,679 --> 00:09:30,320
Speaker 4: But there is some good news, and that in this

173
00:09:30,440 --> 00:09:34,679
Speaker 4: country is dragon pointed out. Secretary Wright said on our

174
00:09:34,760 --> 00:09:37,560
Speaker 4: program that there's enough energy right here in Colorado lost

175
00:09:37,600 --> 00:09:42,720
Speaker 4: us for hundreds of years, centuries in fact, and now

176
00:09:42,760 --> 00:09:46,160
Speaker 4: we've gone through this big storm you know whatever, it

177
00:09:46,240 --> 00:09:49,200
Speaker 4: was called Fern or something. And then we had the

178
00:09:49,360 --> 00:09:52,680
Speaker 4: Erkop problem down in Texas during that twenty twenty one

179
00:09:52,760 --> 00:09:56,560
Speaker 4: storm yury. But in contrast to their peers in the

180
00:09:56,559 --> 00:10:01,080
Speaker 4: Blue States, the Texas policy makers capacity to learn from

181
00:10:01,080 --> 00:10:04,280
Speaker 4: their mistakes, so they enacted a series of effective reforms

182
00:10:04,520 --> 00:10:08,920
Speaker 4: over the last five years which vastly improved grid reliability,

183
00:10:09,440 --> 00:10:15,920
Speaker 4: so that when Winterstorm Fern hit, Erkott managed that grid,

184
00:10:16,559 --> 00:10:20,360
Speaker 4: which is managed by Ercott, proved to be a national

185
00:10:20,400 --> 00:10:23,760
Speaker 4: poster child for grid failure in twenty twenty one, but

186
00:10:23,800 --> 00:10:27,319
Speaker 4: it came through in twenty twenty five or twenty twenty

187
00:10:27,360 --> 00:10:30,840
Speaker 4: six two as a shining object lesson how to fix

188
00:10:31,000 --> 00:10:34,480
Speaker 4: past mistakes while remaining one of the ten states with

189
00:10:34,559 --> 00:10:38,600
Speaker 4: the lowest utility rates. So, if, like in Colorado, you

190
00:10:38,640 --> 00:10:41,000
Speaker 4: live in a state wherethinks the power bills are too high,

191
00:10:41,440 --> 00:10:44,120
Speaker 4: that is a choice that your political leaders have made

192
00:10:44,640 --> 00:10:47,400
Speaker 4: for you to endure, and you ought to factor that

193
00:10:47,440 --> 00:10:49,920
Speaker 4: reality into your thinking next time. These politicians are up

194
00:10:49,960 --> 00:10:54,840
Speaker 4: for re election. So let's think about Colorado for a minute.

195
00:10:55,800 --> 00:11:00,000
Speaker 4: Here are the numbers. From twenty seventeen to twenty twenty four.

196
00:11:00,720 --> 00:11:06,160
Speaker 4: Colorado's residential electricity prices increased between twenty five and thirty percent.

197
00:11:06,720 --> 00:11:09,719
Speaker 4: Now that depends on I picked. Why do you think

198
00:11:09,760 --> 00:11:13,040
Speaker 4: I picked eight years to look at the numbers. Well,

199
00:11:13,080 --> 00:11:16,200
Speaker 4: because we've had a certain governor for eight years. He's

200
00:11:16,240 --> 00:11:19,280
Speaker 4: going to be term limited out, So let's look at

201
00:11:19,320 --> 00:11:23,040
Speaker 4: what happened while Polis was in office. So, generally speaking,

202
00:11:24,160 --> 00:11:27,120
Speaker 4: a rate increase or a cost increase to you when

203
00:11:27,120 --> 00:11:29,720
Speaker 4: you pay your bill between twenty five and thirty percent.

204
00:11:30,240 --> 00:11:32,600
Speaker 4: And I will tell you that that depends on which

205
00:11:32,640 --> 00:11:35,839
Speaker 4: baseline you use. If you go back to twenty seventeen,

206
00:11:35,960 --> 00:11:40,680
Speaker 4: residential rates were about eleven point nine percent per kilo

207
00:11:40,720 --> 00:11:44,600
Speaker 4: what hour. Fast forward to twenty twenty four, that had

208
00:11:44,720 --> 00:11:49,920
Speaker 4: jumped to almost fifteen cents fourteen fourteen dollars ninety two

209
00:11:50,120 --> 00:11:52,680
Speaker 4: or fourteen point ninety two cents per kilo what hour

210
00:11:53,160 --> 00:11:57,280
Speaker 4: that's according to the EIA numbers. The current rates in

211
00:11:57,440 --> 00:11:59,920
Speaker 4: early twenty twenty six are approx.

212
00:12:00,679 --> 00:12:03,520
Speaker 2: Fifteen to sixteen and a half cents per kilo what hour.

213
00:12:04,320 --> 00:12:09,600
Speaker 4: That represents cumulatively an increase of three to four cents

214
00:12:09,600 --> 00:12:12,720
Speaker 4: per kilo what hour, or about two dollars and fifty

215
00:12:12,720 --> 00:12:16,120
Speaker 4: cents to three dollars per month for a typical residential

216
00:12:16,160 --> 00:12:18,520
Speaker 4: customer using seven hundred and fifty kilo?

217
00:12:18,600 --> 00:12:23,840
Speaker 2: What hours using seven or fifty kilo? What hours? You

218
00:12:23,880 --> 00:12:26,200
Speaker 2: ain't doing? Squad if you're using seven or fifty kilo?

219
00:12:26,280 --> 00:12:28,960
Speaker 2: What hours? Or maybe I'm just the exception. I don't know.

220
00:12:30,040 --> 00:12:33,000
Speaker 4: The average residential bill has risen from about eighty one

221
00:12:33,080 --> 00:12:37,040
Speaker 4: dollars in twenty twenty two to somewhere between one hundred

222
00:12:37,040 --> 00:12:40,280
Speaker 4: and one hundred and ten dollars in late twenty twenty five,

223
00:12:41,000 --> 00:12:44,920
Speaker 4: and Excel among others, but Excel in particulars current seat.

224
00:12:44,920 --> 00:12:48,240
Speaker 4: It's currently seeking an approval for another ten percent increase,

225
00:12:48,760 --> 00:12:51,520
Speaker 4: well technically nine point nine percent, but hey, who's counting,

226
00:12:51,880 --> 00:12:54,599
Speaker 4: it's just your money. So a ten percent increase that

227
00:12:54,640 --> 00:12:56,800
Speaker 4: would bring the average monthly bills were around one hundred

228
00:12:56,800 --> 00:13:01,720
Speaker 4: and ten dollars, So you've you've gone eighty one dollars,

229
00:13:02,120 --> 00:13:05,760
Speaker 4: you know, four years ago to one hundred and ten dollars.

230
00:13:06,280 --> 00:13:10,040
Speaker 4: But here's where it gets interesting, and I think it

231
00:13:10,080 --> 00:13:14,520
Speaker 4: gets damnable. For the renewable transition is going to be

232
00:13:14,640 --> 00:13:18,280
Speaker 4: cheap narrative that the people out the Colorado polic Bureau

233
00:13:18,320 --> 00:13:21,960
Speaker 4: and the Public Utilities Commission and Governor Polis keep trying

234
00:13:22,000 --> 00:13:23,040
Speaker 4: to shove down your throat.

235
00:13:23,559 --> 00:13:25,280
Speaker 2: It's not going to do that.

236
00:13:26,640 --> 00:13:31,880
Speaker 4: Renewable energy mandates and the clean energy transition account for

237
00:13:32,040 --> 00:13:37,280
Speaker 4: thirty five to forty percent of the increase in your costs. Yes,

238
00:13:38,000 --> 00:13:40,400
Speaker 4: so this transition is going on like shutting down the

239
00:13:40,440 --> 00:13:41,640
Speaker 4: cold plant down in Pueblo.

240
00:13:42,360 --> 00:13:44,720
Speaker 2: That's increasing your cost that's not saving you money.

241
00:13:44,760 --> 00:13:45,080
Speaker 6: I thought.

242
00:13:45,080 --> 00:13:47,320
Speaker 4: I thought we were going to renewables because it was

243
00:13:47,320 --> 00:13:49,760
Speaker 4: going to be so reliable, so cheap was going to be.

244
00:13:49,800 --> 00:13:50,960
Speaker 2: Wonderful for the climate.

245
00:13:51,080 --> 00:13:53,319
Speaker 4: All of these wonderful things were going to happen and

246
00:13:53,520 --> 00:13:54,800
Speaker 4: what's he really going to This is just going to

247
00:13:54,840 --> 00:14:00,640
Speaker 4: cost you more money. You may not realize, but Colorado's

248
00:14:00,679 --> 00:14:07,600
Speaker 4: renewable energy mandate voters, voters once again the useful idiots

249
00:14:07,600 --> 00:14:13,400
Speaker 4: in this state. They they approved back in two thousand

250
00:14:13,400 --> 00:14:19,680
Speaker 4: and four, twenty two years ago, they mandated renewable energy,

251
00:14:20,560 --> 00:14:25,640
Speaker 4: and so that renewable energy mandate climbed from ten percent

252
00:14:26,000 --> 00:14:31,479
Speaker 4: in two thousand and four to thirty percent by the legislature.

253
00:14:32,640 --> 00:14:34,960
Speaker 2: The twenty ten Clean Air, Clean.

254
00:14:34,840 --> 00:14:39,160
Speaker 4: Jobs Act and the subsequent twenty nineteen legislation which set

255
00:14:39,240 --> 00:14:42,640
Speaker 4: eighty percent carbon reduction in place by twenty thirty. Those

256
00:14:42,640 --> 00:14:46,800
Speaker 4: are the primary policy drivers, and those mandates gave the utilities,

257
00:14:46,880 --> 00:14:52,120
Speaker 4: particularly monopoly provider Excel, permission to dramatically expand their asset base,

258
00:14:52,640 --> 00:14:55,520
Speaker 4: which is how they earn profits under the regulated utility model.

259
00:14:56,400 --> 00:14:59,800
Speaker 4: So the mandates triggered four things that are driving these

260
00:15:00,080 --> 00:15:05,000
Speaker 4: US retirement of over nine hundred megawatts of cold generation

261
00:15:05,160 --> 00:15:08,880
Speaker 4: initially and then plans to close all remaining cold plants

262
00:15:09,200 --> 00:15:13,840
Speaker 4: between twenty thirty and twenty thirty one. Massive capital expenditures

263
00:15:13,840 --> 00:15:18,360
Speaker 4: on wind and solar infrastructure. Excel is spending twenty two

264
00:15:18,800 --> 00:15:24,080
Speaker 4: billion dollars over a five year investment plan. And then

265
00:15:25,040 --> 00:15:28,760
Speaker 4: I've struggled with how to word this because when you

266
00:15:28,800 --> 00:15:31,360
Speaker 4: look at the data, and you look at the news reports,

267
00:15:31,360 --> 00:15:34,560
Speaker 4: and you look at the PUC filings, they talk about

268
00:15:35,040 --> 00:15:39,640
Speaker 4: grid modernization. Now, when I hear grid modernization, I think, Oh,

269
00:15:39,760 --> 00:15:43,680
Speaker 4: you're going to increase the resilience of the grid. You're

270
00:15:43,720 --> 00:15:46,120
Speaker 4: going to bury some power lines. You're going to take

271
00:15:46,120 --> 00:15:48,640
Speaker 4: down some wooden poles and put up some aluminum or

272
00:15:48,640 --> 00:15:52,920
Speaker 4: steel poles. You're going to you know, further insulate and

273
00:15:53,560 --> 00:15:57,320
Speaker 4: put more poles together to increase the wind friction that

274
00:15:57,400 --> 00:16:00,000
Speaker 4: might you know, cause a power line to snap or whatever.

275
00:16:00,520 --> 00:16:02,400
Speaker 4: Or you're going to do some sort of you know,

276
00:16:02,480 --> 00:16:05,680
Speaker 4: resilience for fire hazards and wind hazards. No, that's not

277
00:16:05,760 --> 00:16:11,760
Speaker 4: what they mean by grid modernization. Grid modernization in Colorado

278
00:16:11,840 --> 00:16:16,000
Speaker 4: speak and Democrats speak, is you're going to fix the

279
00:16:16,080 --> 00:16:22,040
Speaker 4: grid to handle intermittent meaning off and on renewable sources.

280
00:16:23,760 --> 00:16:29,080
Speaker 4: And also it's going to construction of new natural gas

281
00:16:29,240 --> 00:16:34,720
Speaker 4: peaking plants, peaking plants only to handle when the renewables

282
00:16:34,800 --> 00:16:38,200
Speaker 4: are out of commission. This hour's Chancellor, when one thousand

283
00:16:38,200 --> 00:16:40,120
Speaker 4: dollars help pay your electric bills coming up in the

284
00:16:40,160 --> 00:16:43,600
Speaker 4: next five minutes thanks to Mercedes Bins of littlet Mercedes

285
00:16:43,600 --> 00:16:44,880
Speaker 4: of Littleton dot com.

286
00:16:45,160 --> 00:16:49,720
Speaker 7: Logically, you should never retire your backup fossil fuel plant

287
00:16:50,080 --> 00:16:52,560
Speaker 7: just because you brought wind and solar on, because ineptively,

288
00:16:52,600 --> 00:16:55,080
Speaker 7: there will be days when there will be no output

289
00:16:55,120 --> 00:16:57,760
Speaker 7: from wind and solar, and therefore you'll always need one

290
00:16:57,840 --> 00:17:03,560
Speaker 7: hundred percent stand by backup, So retiring it is insanity.

291
00:17:03,600 --> 00:17:04,120
Speaker 5: Wow.

292
00:17:05,640 --> 00:17:08,919
Speaker 2: There, that mastered the obvious.

293
00:17:08,680 --> 00:17:10,920
Speaker 5: So simple even an engineer could figure it out.

294
00:17:11,400 --> 00:17:15,480
Speaker 4: I'm you know what I'm I'm dumbstruck, absolutely dumb struck.

295
00:17:16,600 --> 00:17:18,639
Speaker 4: He must have you know. I think what happened is

296
00:17:18,960 --> 00:17:21,800
Speaker 4: he rolled off. You know, there was probably some jumbo

297
00:17:21,880 --> 00:17:24,240
Speaker 4: jet landing at Newark and he rolled off the couch

298
00:17:24,560 --> 00:17:26,160
Speaker 4: and it kind of hit his head and he had

299
00:17:26,160 --> 00:17:29,600
Speaker 4: a he had a coach and thought for once, Wow.

300
00:17:29,840 --> 00:17:31,639
Speaker 3: Some of them when Doc Brown fell off the toilet

301
00:17:31,680 --> 00:17:34,119
Speaker 3: seat and cracked his head came up to the flux capassitor.

302
00:17:34,280 --> 00:17:38,080
Speaker 4: Yeah, exactly, that's it, exactly that. Well, so there you go.

303
00:17:38,280 --> 00:17:40,960
Speaker 4: There's no reason to continue the story because he summed

304
00:17:41,000 --> 00:17:47,880
Speaker 4: it up right there, and yet they keep listening. I'm

305
00:17:48,000 --> 00:17:52,040
Speaker 4: fascinated by it, absolutely fascinated by it. Now, let's go

306
00:17:52,080 --> 00:17:55,200
Speaker 4: back because you probably don't remember, which is why I'm

307
00:17:55,200 --> 00:17:57,560
Speaker 4: here to just dredge these horrible memories.

308
00:17:57,280 --> 00:17:57,800
Speaker 2: Up for you.

309
00:17:59,680 --> 00:18:05,399
Speaker 4: That all of this stuff that was mandated, the retirement

310
00:18:05,440 --> 00:18:09,080
Speaker 4: of nine hundred megawats of coal, all the capital expenditures

311
00:18:09,320 --> 00:18:11,920
Speaker 4: twenty two billion dollars over a five year the grid

312
00:18:12,040 --> 00:18:16,280
Speaker 4: so called modernization to handle the intermittent renewable sources. Oh,

313
00:18:16,320 --> 00:18:19,560
Speaker 4: so you're admitting that the renewables are Maybe that's it.

314
00:18:19,840 --> 00:18:23,280
Speaker 4: Maybe he didn't understand the word intermittent that you know,

315
00:18:23,359 --> 00:18:25,080
Speaker 4: the renewables are intermittent.

316
00:18:25,480 --> 00:18:27,639
Speaker 2: That means sometimes when the sun don't shine and the

317
00:18:27,680 --> 00:18:29,480
Speaker 2: wind don't blow, you don't get the power.

318
00:18:31,240 --> 00:18:34,320
Speaker 4: And then construction of new natural gas peaking plants took

319
00:18:34,320 --> 00:18:38,719
Speaker 4: back up those intermittent sources when they're not sourcing, when

320
00:18:38,760 --> 00:18:43,399
Speaker 4: they're not generating. Now remember the original pitch, because the

321
00:18:43,440 --> 00:18:45,560
Speaker 4: original pitch that got sold to the useful idiots in

322
00:18:45,560 --> 00:18:49,200
Speaker 4: this country in the state voted was that the rates

323
00:18:49,200 --> 00:18:54,040
Speaker 4: would stay under a two percent cap That was demonstrably false.

324
00:18:54,320 --> 00:18:58,320
Speaker 4: I really gosh, I don't want to get sued for

325
00:18:58,400 --> 00:19:01,639
Speaker 4: libel and slanted to here, but politicians lied to you.

326
00:19:02,320 --> 00:19:05,880
Speaker 2: Yes, demonstrably false.

327
00:19:07,040 --> 00:19:11,240
Speaker 4: The cold plant retirement and replacement costs that accounts for

328
00:19:11,280 --> 00:19:13,639
Speaker 4: somewhere between twenty five and thirty percent of the increase

329
00:19:13,680 --> 00:19:17,760
Speaker 4: in your electric rates. The first retirement of cold plants,

330
00:19:18,640 --> 00:19:23,200
Speaker 4: even ones that are economically viable, created several cost pressures

331
00:19:23,400 --> 00:19:26,520
Speaker 4: that are adding to your electric bill. There's something called

332
00:19:26,560 --> 00:19:32,000
Speaker 4: stranded asset recovery. Well, those utilities must recoup their investments.

333
00:19:32,680 --> 00:19:35,480
Speaker 4: Those assets are now stranded. You can't recoup that. They're

334
00:19:35,520 --> 00:19:39,320
Speaker 4: recouping somewhere so out of your pocket. The commandsche Unit

335
00:19:39,359 --> 00:19:42,119
Speaker 4: three alone has cost more than a billion dollars in

336
00:19:42,200 --> 00:19:47,400
Speaker 4: reliability issues and cost overruns. And early retirements of Commanchee two,

337
00:19:47,760 --> 00:19:54,119
Speaker 4: Hayden Station and others require replacement generation. The demand doesn't

338
00:19:54,160 --> 00:19:57,639
Speaker 4: go away. And in fact, isn't it kind of ironic,

339
00:19:57,920 --> 00:20:01,879
Speaker 4: if not stupid, that while they're going to these intermittent

340
00:20:02,040 --> 00:20:06,440
Speaker 4: sources without providing the baseline power you need for when

341
00:20:06,480 --> 00:20:10,520
Speaker 4: the intermittent sources are indeed intermittent, they're pushing everything to

342
00:20:10,560 --> 00:20:14,640
Speaker 4: be all electric. Really, because at some point, whatever your

343
00:20:14,680 --> 00:20:17,520
Speaker 4: generation source is, it's got to convert, you know, whether

344
00:20:17,560 --> 00:20:21,960
Speaker 4: you're using coal, nukes, natural gas, wind, solar. Whatever you're using,

345
00:20:22,119 --> 00:20:25,240
Speaker 4: you know, squirrels those on a little cage. Whatever you're using,

346
00:20:25,680 --> 00:20:28,439
Speaker 4: has got to convert that energy into electrons to go

347
00:20:28,480 --> 00:20:30,879
Speaker 4: into the wires, to go into the substation so they

348
00:20:30,880 --> 00:20:33,119
Speaker 4: can finally go the final mile into your alice so

349
00:20:33,160 --> 00:20:34,200
Speaker 4: it can power your toaster.

350
00:20:36,440 --> 00:20:38,080
Speaker 2: And the transition hasn't been smooth.

351
00:20:39,200 --> 00:20:44,320
Speaker 4: Excel recently sought to extend Commanch two's operation despite their requirements.

352
00:20:43,800 --> 00:20:46,119
Speaker 2: To retire it last year.

353
00:20:47,480 --> 00:20:51,639
Speaker 4: And then, of course you have another variability, natural gas

354
00:20:51,720 --> 00:20:56,920
Speaker 4: volatility and increased gas generation, which accounts for somewhere between

355
00:20:56,920 --> 00:20:59,800
Speaker 4: fifteen and twenty percent of the increase. So as coal

356
00:20:59,800 --> 00:21:04,879
Speaker 4: reach tired, natural gas generation increased from sixteen percent twenty

357
00:21:04,920 --> 00:21:08,280
Speaker 4: six years ago to about twenty six percent about five

358
00:21:08,359 --> 00:21:12,800
Speaker 4: years ago and continues rising as the bridge fuel. And

359
00:21:12,880 --> 00:21:15,800
Speaker 4: of course we all know natural gas prices are indeed volatile,

360
00:21:15,960 --> 00:21:18,160
Speaker 4: and when they spike as they did back in twenty

361
00:21:18,200 --> 00:21:22,280
Speaker 4: twenty one twenty two, the rate payers feel it immediately

362
00:21:22,760 --> 00:21:25,520
Speaker 4: because that's what shows up in your electric bill as

363
00:21:25,560 --> 00:21:29,240
Speaker 4: a quote fuel adjustment charge. Have you ever really looked

364
00:21:29,240 --> 00:21:32,040
Speaker 4: at your electric bill? Have you ever wonder about that

365
00:21:32,080 --> 00:21:33,399
Speaker 4: fuel adjustment charge?

366
00:21:33,560 --> 00:21:33,639
Speaker 1: Is?

367
00:21:34,640 --> 00:21:37,600
Speaker 4: Well, there's a baseline built into the rate. They assume

368
00:21:37,680 --> 00:21:39,480
Speaker 4: that you don't natural gas is going to be let's

369
00:21:39,520 --> 00:21:42,440
Speaker 4: just say, you know, one buck per million cubic feet.

370
00:21:42,760 --> 00:21:46,439
Speaker 4: But then suddenly because of demand elsewhere, or you know,

371
00:21:46,880 --> 00:21:50,840
Speaker 4: an exceptionally hot summer, exceptionally cold winter or whatever, then

372
00:21:50,960 --> 00:21:57,720
Speaker 4: natural gas demand increases and so the price increases. Wow,

373
00:21:57,760 --> 00:22:01,600
Speaker 4: but that would requiring then understanding of economics, and well,

374
00:22:01,600 --> 00:22:04,679
Speaker 4: we're not going to require people to do that. And

375
00:22:04,720 --> 00:22:09,280
Speaker 4: then you have infrastructure modernization and the grid hardening, which

376
00:22:09,280 --> 00:22:12,240
Speaker 4: accounts for somewhere between fifteen and twenty percent of the increase.

377
00:22:12,680 --> 00:22:16,280
Speaker 4: So Excel's November rate last November, their rate increase of

378
00:22:16,720 --> 00:22:21,359
Speaker 4: three hundred and fifty six million dollars sites grid modernization.

379
00:22:21,520 --> 00:22:24,440
Speaker 4: But that doesn't mean what you think it means. That's

380
00:22:24,480 --> 00:22:28,800
Speaker 4: not making the grid more resilient. That's making the grid

381
00:22:29,000 --> 00:22:33,240
Speaker 4: more adaptable to integrate the renewables. So you got to

382
00:22:33,320 --> 00:22:36,600
Speaker 4: change the way the grid functions, all the transmission lines,

383
00:22:36,760 --> 00:22:40,560
Speaker 4: the substations, everything, so that when you go from you know,

384
00:22:40,600 --> 00:22:45,120
Speaker 4: a baseline reliable power that's always on to one that

385
00:22:45,200 --> 00:22:48,600
Speaker 4: goes on and off. You got to change the grid.

386
00:22:49,560 --> 00:22:52,320
Speaker 4: And of course, because of the Marshall fire and others.

387
00:22:52,359 --> 00:22:54,560
Speaker 4: And of course, you know when you lose a big

388
00:22:54,600 --> 00:22:57,080
Speaker 4: ass lawsuit and you have to pay out hundreds of

389
00:22:57,119 --> 00:23:00,920
Speaker 4: millions of dollars because you didn't maintain the grid well.

390
00:23:01,000 --> 00:23:04,439
Speaker 4: Rather than going shazam, maybe what we ought to do

391
00:23:04,680 --> 00:23:09,080
Speaker 4: is mitigate against fires, or we ought to, you know,

392
00:23:09,200 --> 00:23:11,160
Speaker 4: make the grid more resilient.

393
00:23:10,760 --> 00:23:13,400
Speaker 2: To fires or to high winds.

394
00:23:12,840 --> 00:23:16,040
Speaker 4: Something that's never been experienced in Colorado until just the

395
00:23:16,080 --> 00:23:20,119
Speaker 4: last few years. We maybe we ought to come up

396
00:23:20,119 --> 00:23:22,359
Speaker 4: with a name for these high winds. I don't know what,

397
00:23:22,359 --> 00:23:24,200
Speaker 4: what would be a good name for high winds coming

398
00:23:24,240 --> 00:23:29,199
Speaker 4: down the mountain. Maybe, oh, I don't know, Chinook. And

399
00:23:29,240 --> 00:23:32,920
Speaker 4: then system upgrades to handle all of the electrification, all

400
00:23:32,960 --> 00:23:37,080
Speaker 4: the evs, the electric heating, the electric cooling, everything, And

401
00:23:37,200 --> 00:23:40,200
Speaker 4: of course they went distribution improvements about three hundred million

402
00:23:40,200 --> 00:23:46,560
Speaker 4: dollars cent four years ago. And emerging data center demands, Well,

403
00:23:46,640 --> 00:23:48,600
Speaker 4: let's just let must put all the data centers in

404
00:23:48,640 --> 00:23:51,520
Speaker 4: space and we won't have to worry about that one.

405
00:23:51,720 --> 00:23:55,240
Speaker 4: And of course another factor is just actual inflation and

406
00:23:55,359 --> 00:23:58,760
Speaker 4: actual operating costs, which account for somewhere between and ten

407
00:23:58,760 --> 00:24:05,159
Speaker 4: to fifteen percent of the ratingase standard cost escalations. You know, labor, materials, maintenance,

408
00:24:05,200 --> 00:24:07,600
Speaker 4: all that kind of stuff that accounts for all the remainder.

409
00:24:08,080 --> 00:24:14,879
Speaker 4: But utilities historically managed those costs through efficiency gains that

410
00:24:15,040 --> 00:24:18,760
Speaker 4: you could accomplish between rate cases. Now, the current pace

411
00:24:18,800 --> 00:24:23,720
Speaker 4: of rate increases suggests that these that these efficiency pressures

412
00:24:24,200 --> 00:24:28,520
Speaker 4: have been overwhelmed by the policy driven costs. So while

413
00:24:28,560 --> 00:24:32,440
Speaker 4: you might have a you know, a slow methodical increase

414
00:24:32,520 --> 00:24:35,240
Speaker 4: as you do with almost everything. You know, a house

415
00:24:35,280 --> 00:24:38,200
Speaker 4: that you built in you know nineteen sixty, that same

416
00:24:38,280 --> 00:24:40,520
Speaker 4: house is going to cost you, you know, a thousand

417
00:24:40,560 --> 00:24:43,000
Speaker 4: times more than what it costs in nineteen sixty. They're

418
00:24:43,119 --> 00:24:46,600
Speaker 4: just you know, we just have increased costs. Well, those

419
00:24:46,760 --> 00:24:51,000
Speaker 4: increased costs the pace of rate increase. It's always suggested

420
00:24:51,040 --> 00:24:55,040
Speaker 4: that the efficiency pressures have now been overwhelmed by the

421
00:24:55,080 --> 00:24:59,760
Speaker 4: policy driven costs. And you know what's not driving prices.

422
00:25:00,160 --> 00:25:03,920
Speaker 4: But we ought to discuss hang tighte Michael.

423
00:25:04,119 --> 00:25:07,960
Speaker 6: All this common sense that's being pointed out about the

424
00:25:08,080 --> 00:25:15,879
Speaker 6: energy industry being overly pushed around by political eels is refreshing.

425
00:25:16,119 --> 00:25:18,520
Speaker 6: And you know what, here's my two cents. I think

426
00:25:18,560 --> 00:25:21,000
Speaker 6: we need to do like Elon would like us to do.

427
00:25:22,119 --> 00:25:25,280
Speaker 6: Ango new killer nuclear.

428
00:25:26,080 --> 00:25:29,320
Speaker 4: Absolutely, I'd love it, and you'd think all the greeny

429
00:25:29,359 --> 00:25:32,800
Speaker 4: weenies would love it too. And we've got, you know,

430
00:25:32,880 --> 00:25:36,600
Speaker 4: we have ways to store the waste. And I've always

431
00:25:36,640 --> 00:25:41,160
Speaker 4: maintained that over time we might figure out a way,

432
00:25:41,400 --> 00:25:46,640
Speaker 4: discover a way that the hazardous waste that is produced

433
00:25:46,640 --> 00:25:51,200
Speaker 4: by a nuclear plant might be able to be used somewhere. Yeah,

434
00:25:51,480 --> 00:25:55,720
Speaker 4: might be able to recycle it or something. And speaking

435
00:25:55,760 --> 00:25:57,439
Speaker 4: of the engineer, as much as I like to make

436
00:25:57,440 --> 00:26:00,320
Speaker 4: fun of the engineer, he does make another good point

437
00:26:00,920 --> 00:26:04,560
Speaker 4: in an email. Unless and until a power utility has

438
00:26:04,600 --> 00:26:07,080
Speaker 4: developed the means to store several days worth of power,

439
00:26:07,840 --> 00:26:11,880
Speaker 4: retiring the existing fossil fuel plants as the renewable sources

440
00:26:11,920 --> 00:26:12,280
Speaker 4: wind and.

441
00:26:12,200 --> 00:26:14,400
Speaker 2: Solar are brought online is a.

442
00:26:14,280 --> 00:26:17,320
Speaker 4: Recipe for disaster, because there will always be periods of

443
00:26:17,359 --> 00:26:19,080
Speaker 4: several days in a row when there is either no

444
00:26:19,240 --> 00:26:23,520
Speaker 4: solar power available, no wind power available, or both. To

445
00:26:23,600 --> 00:26:26,920
Speaker 4: avoid the blackouts during those times, you have to maintain

446
00:26:27,240 --> 00:26:32,680
Speaker 4: one hundred percent traditional backup power generation capability. Well, let's

447
00:26:32,680 --> 00:26:34,920
Speaker 4: stop right there, because he makes a big ass assumption

448
00:26:35,000 --> 00:26:40,800
Speaker 4: in that statement. To avoid blackouts during those times, you

449
00:26:40,840 --> 00:26:44,640
Speaker 4: will always need to maintain one hundred percent traditional backup

450
00:26:44,680 --> 00:26:52,040
Speaker 4: power generation capacity. No, you don't because well you may

451
00:26:52,119 --> 00:26:59,359
Speaker 4: want to. But the utility companies and the politicians they

452
00:26:59,359 --> 00:27:03,080
Speaker 4: don't care about the blackouts. They've got rolling blackoutse all

453
00:27:03,080 --> 00:27:06,160
Speaker 4: the time in California. Has Gavin Newsom paid a political

454
00:27:06,200 --> 00:27:09,240
Speaker 4: price for that, Well, no, or maybe I should say

455
00:27:09,280 --> 00:27:14,360
Speaker 4: not yet. But I think they truly don't care. They

456
00:27:14,400 --> 00:27:17,520
Speaker 4: don't care that you're inconvenienced.

457
00:27:17,560 --> 00:27:19,919
Speaker 2: Excel. Let's think about excel.

458
00:27:20,000 --> 00:27:23,479
Speaker 4: They're they're catching all sorts of crap for this last

459
00:27:23,680 --> 00:27:26,320
Speaker 4: you know time, what was it last week sometime when

460
00:27:26,359 --> 00:27:29,280
Speaker 4: they started doing rolling blackouts because oh, high winds were

461
00:27:29,320 --> 00:27:32,520
Speaker 4: expected and so some people were without power for you know,

462
00:27:32,640 --> 00:27:35,560
Speaker 4: an hour a day or even longer. Well, if you're

463
00:27:35,680 --> 00:27:38,480
Speaker 4: you know, if if you've got some medical device at home,

464
00:27:39,000 --> 00:27:41,440
Speaker 4: you're SOL. If you don't know what that means, it's

465
00:27:41,440 --> 00:27:44,440
Speaker 4: a very technical term SOL. You are s out of luck.

466
00:27:45,960 --> 00:27:48,760
Speaker 4: And other people, businesses, some businesses are you know, they

467
00:27:48,920 --> 00:27:51,080
Speaker 4: lost all of the revenue for that day because they

468
00:27:51,080 --> 00:27:54,320
Speaker 4: couldn't operate their businesses. But he goes on to point

469
00:27:54,320 --> 00:27:57,560
Speaker 4: out this, Now the trap if you do that and

470
00:27:57,600 --> 00:28:01,479
Speaker 4: you leave a copower plant online line, but only use

471
00:28:01,520 --> 00:28:03,359
Speaker 4: it during those days when there is a shortage of

472
00:28:03,400 --> 00:28:09,040
Speaker 4: wind or solar power, the fixed overhead cost of maintaining

473
00:28:09,119 --> 00:28:12,800
Speaker 4: that plant will only be producing less than fifteen percent

474
00:28:12,800 --> 00:28:18,159
Speaker 4: of its total rated annual output. To what you might say,

475
00:28:18,320 --> 00:28:23,040
Speaker 4: so what, because that means the cost per generated kilowatt

476
00:28:23,119 --> 00:28:28,440
Speaker 4: hour shoots through the roof, because you're maintaining it online.

477
00:28:29,640 --> 00:28:34,240
Speaker 4: You have to look, a a cold plant is not

478
00:28:34,400 --> 00:28:36,200
Speaker 4: like you go over here and you get there. There's

479
00:28:36,240 --> 00:28:39,880
Speaker 4: a big dial and you dial it down to let's

480
00:28:39,960 --> 00:28:43,280
Speaker 4: just go down to twenty five percent capacity.

481
00:28:43,800 --> 00:28:45,640
Speaker 2: Let's just now, let's crank it up. Oh there's no,

482
00:28:45,840 --> 00:28:47,000
Speaker 2: le's crank it up to thirty five.

483
00:28:47,080 --> 00:28:52,160
Speaker 4: No, you have to maintain the plant so that it

484
00:28:52,240 --> 00:28:57,200
Speaker 4: is capable of generating that baseline twenty four hours a day,

485
00:28:57,200 --> 00:29:02,160
Speaker 4: seven days a week. This whole green new energy crap

486
00:29:02,280 --> 00:29:08,080
Speaker 4: that we're witnessing. You can always point across the pond

487
00:29:08,160 --> 00:29:11,000
Speaker 4: across the Atlantic for things that either we should be

488
00:29:11,080 --> 00:29:14,440
Speaker 4: doing or we should not be doing. And they used

489
00:29:14,480 --> 00:29:17,760
Speaker 4: to tell us always, Oh look Germany and France they

490
00:29:17,800 --> 00:29:19,960
Speaker 4: shut down all their nuke plants and all this wonderful

491
00:29:19,960 --> 00:29:22,680
Speaker 4: they've gone all you know, wind and solar. Oh do

492
00:29:22,720 --> 00:29:26,800
Speaker 4: you remember portug going Spain. Yes, Portugal and Spain suddenly

493
00:29:27,160 --> 00:29:30,320
Speaker 4: went for days on end with that power, and Germany

494
00:29:30,400 --> 00:29:35,440
Speaker 4: suddenly realized, particularly after the Ukraine Russia war started, that huh,

495
00:29:35,920 --> 00:29:39,760
Speaker 4: we need reliable power and we're not getting it through

496
00:29:39,800 --> 00:29:43,080
Speaker 4: these renewable sources. So maybe we ought to bring the

497
00:29:43,160 --> 00:29:46,840
Speaker 4: nuclear plants back online, which of course is going to

498
00:29:46,880 --> 00:29:50,200
Speaker 4: cost a boatload of money too. Welcome to COMMI Colorado