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Over the past half of a decade or so, the cost of generating electricity has plunged as the result of sluggish economic growth and a glut of dirt cheap natural gas.
FORBES: Connect
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Energy expert and occasional FORBES columnist Peter Huber has noted, "Pooling supply and demand nationwide will cut the average cost of generating electricity by 30% to 50%, " thereby making feasible green dreams of more electric vehicles.
FORBES: Magazine Article
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Higgins intends to attach to the line 200 megawatts (peak output) of windmills, ostensibly generating electricity at a cost of 7 cents a kilowatt-hour, and has contracted to buy all the output of a 65-megawatt solar plant that would be an eco-loss-leader costing 25 cents per kwh.
FORBES: Lighting Las Vegas
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He thinks it might be used to cut the cost of hooking villages up to local electricity-generating plants, or to subsidise the prices charged.
ECONOMIST: So what was achieved by ten days of talking?