Letter: Venture capital carries risk

Published:

 

I'm writing in response to the April 19 story "BPA plan would share wind-power shutdown costs." Hello! What happened to free enterprise, supply and demand?

One should remember that the wind farms were funded with venture capital and tax incentives. If the venture fails, then the ratepayers should not pay for that failure.

Head-to-head rate competition between wind power and Bonneville Dam could produce reduced rates to the ratepayers.

Another alternative: Both Bonneville and the wind-power operatives could have shutdowns in order to equalize the power output. Also, possibly, shutting down some of the dam turbines would aid the salmon recovery.

Wilfred J. Hudson

Vancouver