It's borrowed directly from the electricity industry, which finances power plants by borrowing against long-term contracts called power purchase agreements.
To guarantee the bonds that would finance power purchases, the measure passed today would allow the Public Utilities Commission to raise consumer rates.
Mr. McNamara, 43, is the vice president for finance at Caithness Energy, a company in New York that specializes in developing and financing power facilities that use geothermal and other renewable resources.
While supporters claim that an improved EOM can guarantee generation adequacy, energy suppliers in particular favor the introduction of a capacity market to finance power plant investments.
For example, they help Boeing sell aircrafts to emerging-market airlines; enable U.S. corporations to access global markets more competitively; enable banks to make secured loans to finance power projects in developing countries; and help hedge fund managers to attract international investors.
His group is looking to finance power-beaming experiments in the coming year.
bet. the invention of a new energy technology & building the first prototype, e.g., nuclear fission was discovered in 1938, & the 1st privately financed nuclear power plat in the U.S. went into operation in 1960.
They financed enough power to light over a million homes and to take the equivalent of 4-5 million cars off the road.
"No federation has the financing power of a big network like TBS," Meyer said.
