Latest Posts

Home

Facebook

Twitter

Search
About

Stauber and Nolan Push Last Ditch Passage of Mining Bill

Congressman-elect Pete Stauber has a few more weeks before going to DC as Minnesota's new Eighth Congressional District representative. But the Republican isn't wasting any time getting behind bipartisan legislation introduced by his Democratic predecessor Cong. Rick Nolan to make way for more mining in northern Minnesota. The sooner, the better, preferably before Stauber's swearing in, according to the Duluth News Tribune. “We both strongly agree on the importance of environmentally safe mining in northern Minnesota,” Stauber said in his news release statement. “If this legislation doesn’t become law, one of my first acts in the 116th Congress will be to...

Continue reading

No, Xcel’s Pledge to be Carbon-Free by 2050 Does Not Make Good Business Sense

Lee Schafer of the Minneapolis Star Tribune wrote an article in the Sunday, December 9th edition of the newspaper stating that Xcel's pledge to generate 100 percent of its electricity from "carbon free" sources by 2050 made good business sense. Unfortunately, Xcel Energy's plan will only make "business sense" for Xcel, companies like Mortenson Construction that are financially invested in the renewable energy industry, Xcel's shareholders, and non-government organizations like Fresh Energy that promote renewable energy sources like wind and solar despite their high cost and low reliability. ...

Continue reading

Higher Than Expected Natural Gas Prices Highlight Importance of Coal-Fired Power Plants

Generating electricity with natural gas is far more expensive than generating electricity with coal at current gas prices. In fact, natural gas prices must remain below $2.92/mmbtu at a combined cycle natural gas plant, and below $2.24 at combustion turbine plants for consumers to save money on fuel costs relative to coal....

Continue reading

If Efficiency Is No Longer Cost Effective, We Shouldn’t Subsidize It

The Minnesota Department of Commerce released a study on Tuesday saying that electric and natural gas utilities could continue to meet their current efficiency mandates, but that it will become more expensive to do so over time. Under the Next Generation Energy Act, passed in 2007, electric utilities are mandated to reduce their electricity sales by 1.5 percent annually. Electric utilities have reached this goal, but according to the Commerce report, the days of easy, low-cost energy savings are nearing the end. In order to keep up the energy savings, utilities will have to pay higher "incentives" and subsidies to get consumers...

Continue reading

Minnesota’s government is forecast to take $1.5 billion more from the state’s taxpayers than it says it needs. What should it do with that money?

Minnesota's state government is forecast to have a surplus of $1.5 billion over the next two years. This should kill stone dead any notion that tax increases are called for. Department of Revenue data shows that, in real terms, Minnesota's Total State Tax Collections have risen by 47.5% since 2010. Add this projected surplus, and it is simply unbelievable that the state government cannot find the funds to maintain a core function like roads without tapping the taxpayers up again.  ...

Continue reading

Minnesota’s economic performance continues to be unimpressive. And there are signs for concern about the future

Yesterday, we released our new report The State of Minnesota’s Economy: 2018. After finding Minnesota's economic performance to be 'lackluster' last year, we had to raid the thesaurus again. Our state's economic performance continues to be unimpressive. Furthermore, looking at key drivers of future growth, there is cause for concern. ...

Continue reading