FACTS ON THE RENEWABLE ENERGY PORTFOLIO STANDARD

· Delaware state law requires electric utilities use expensive renewable power sources such as wind and solar for electricity on a sliding scale reaching 25% by 2025.

· The state is requiring the use of solar power which costs five times conventional sources and is encouraging the use of offshore wind which costs three times conventional sources.

· If 2025 rules were in place today, it would add at least 20% to our electric bills and would cost Delaware consumers almost $300 million a year.

· The “Green Premium” for the renewable power sources required by RPS will cost two to eight jobs elsewhere for every “Green” job created.

· The policy is based on uncertain science that manmade carbon dioxide emissions will have a significant impact on global temperatures. The policy also assumes the cost of conventional power sources will dramatically increase which is not accurate when looking at current trends in fuel prices for natural gas, coal, nuclear, and hydro power.

· If lower carbon dioxide emissions are desired, we can meet this goal more affordably and faster with natural gas, nuclear, and clean coal.

FACTS ON THE REGIONAL GREENHOUSE GAS INITIATIVE (RGGI)

· Carbon dioxide permit auction costs of $19 million have already been passed on in electric bills to consumers in Delaware and this could increase to as much as $35 million a year.

· 2019 goal of 10% reduction in electric power plant carbon dioxide emissions have already been met but not by renewable power as planned. Plant closings and fuel switching from coal to natural gas have reduced emissions 40% after accounting for the recession.

· Delaware will soon import 60% of our electric power from other states thus exporting about 1000 jobs.

· Several states have introduced bills to repeal RGGI, Delaware should join them.