We would be paying for RICL’s folly
Lately, I’ve been hearing the term “Bridge to Nowhere” used in reference to the 500-mile long DC transmission line the private company Rock Island Clean Line is proposing across Iowa and Illinois prime farmland.
The phrase refers to the fear RICL will get this power line erected at the rate of $4 million per mile only to find it has no western “clean energy” to transmit or no market to sell expensive electricity to on the eastern end.
Some people say, ”No big deal! It will just mean venture capitalists, a billionaire in Texas and three billionaire brothers from Park Avenue, New York City, will have made a poor investment choice and will have to suffer the economic consequences.”
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