Fair Market Value: Have Allegheny Power Pay DC Prices … or Better
April 1st, 2007Lew sends us these observations:
The Public Service Commission of Maryland has released “ELECTRIC SUPPLY ADEQUACY REPORT OF 2007″ . Pages 33 and 34 at http://www.psc.state.md.us/psc/Reports/2007SupplyAdequacyReport_01172007.pdf are of particular interest.
In a nutshell, WV generates over 90% more electricity than it uses. Delaware, Maryland, Virginia, New Jersey, and the District of Columbia import about 20% or more than they generate. Those states and DC lack the resources to not only maintain present electricity levels at their current state of development, but to expand.
By the way, in 2004, the states with the highest net electricity exports were Pennsylvania, West Virginia, Texas, Alabama, and Illinois. Failing some national paradigm shift in how electricity is generated, WV’s coal - and natural gas - are likely to be in high demand for the foreseeable future.
I Don’t Want To Light Your New Urban Development
As a landowner, I consider the notion onerous that my land can be taken - and I do consider it taking when I do not want to sell, even were I to receive market value - to support unbridled development and citizen convenience in another state. To me, this is not a Not In My Backyard Issue; it is an I Don’t Want To Light Your New Urban Development issue.
Aesthetics and ecological issues aside, if I am going to be forced to sell my land as part of a way to provide electricity in high priced Washington, DC, I want [to be] paid for the land at the fair market value in the location where the electricity is delivered. Better yet, I want [to be] paid a portion of the value of the electricity that flows through the line that runs across the right of way on my property every minute of every day.
I know - that is not the way things work. But it should be. The bottom line is electricity for urban sprawl is being financed at rural America’s expense. To me, that means a battle of broader scope than the energy corridor concept is at hand.
Will TrAIL, the Wyoming County - Jacksons Ferry, and John Amos lines be the last shot or just the beginning? Will Big Volt power company return somewhere down the road and want more land for more or bigger lines? As long as urban America has no responsibility to do anything other than flip on the light switch and pay the bill, someone is betting our ranch on it.
Posted by David