Saturday, May 23, 2015

Delaware clips electric users to subsidize 'Bloom boxes'

$3.83 a month

Delaware clips electric users to subsidize 'Bloom boxes'

Bloom Energy boxes, which are natural gas fuel-cells.
Bloom Energy boxes, which are natural gas fuel-cells.

Delaware electric power customers will pay an average of $3.83 a month extra in September to subsidize the Bloom Energy gas-to-electric-power converter factory at the former Chrysler plant site in Newark, the Wilmington News-Journal reports here. The surcharge doesn't appear on Delmarva Power bills.

Will this plant pay for itself someday, or has cheap gas made Gov. Markell's attempt at creating hundreds of energy-related factory jobs and picking what he hoped would be a winner of a new industry look like a bad guess -- like the $21 mmillion plus the state invested in bankrupt Fisker electric cars?

About this blog

PhillyDeals posts drafts, transcripts and updates of Joseph N. DiStefano's columns and stories about Philly-area business, which he's been writing since 1989.

DiStefano studied economics, history and a little engineering at Penn and taught writing at St. Joseph's. He has written thousands of columns and articles for the Inquirer, Bloomberg and other media, wrote the book Comcasted, and raised six children with his wife, who is a saint.

Reach Joseph N. at JoeD@phillynews.com, distefano251@gmail.com, 215.854.5194 or 302.652.2004.

Reach Joseph N. at JoeD@phillynews.com or 215 854 5194.

Joseph N. DiStefano