NY Post editorial: Beacon, Energy, Solyndra, and the Northeast power outages

Submitted by admin on Tue, 11/15/2011 - 22:48
As nearly 3 million people in the Northeast shivered with no power after the freak snowstorm nine days ago -- thanks, in part, to a decaying electricity-delivery system -- yet another “green” energy company backed by President Obama bit the dust.
Does Washington ever think about its priorities?
Meet Massachusetts-based Beacon Energy, the East Coast’s answer to Solyndra.
Beacon was awarded a $43 million federal loan guarantee to build a power-storage station east of Albany that would reduce greenhouse-gas emissions. It also scooped up a $24 million stimulus grant in 2009...