CSPAN2 Key Capitol Hill Hearings December 6, 2013
They have an overcapacity of electricity this europe, and as a result, they have a very low wholesale prices, which is good. But their residential rates and their manufacturing rates are the highest in the world because of renewable surcharges. And so whats happening over there is theyre trying to make this transition too quickly, in my view, and thats what people are trying to do in america as well. But whats happening over there is that the utilities, the base load utilities have lost like 800 million in market valuation over the last 15 months or so. And so as you go to renewables and you t...
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