Pickens Touts Wind Energy, LES Skeptical
Pickens Touts Wind Energy, LES Skeptical Save Email Print
Lincoln, Neb.
Posted: 12:56 PM Aug 20, 2008
Last Updated: 6:37 PM Aug 20, 2008
Reporter: Chie Saito
Email Address: chie.saito@kolnkgin.com

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Texas billionaire T. Boone Pickens stopped in Lincoln Wednesday to present his plan to reduce America's dependence on foreign oil. Part of his plan involves using wind energy.

Lincoln Electric Systems has run two wind turbines for roughly ten years, and as Pickens proposes a wide-scale installation of wind farms in some parts of the country, LES officials say they'll be watching closely.

Pickens is on a public campaign to address America's big problem with dependence on foreign oil . Its a $ 700 billion dollar problem, but Pickens has a plan

"A fool with a plan beats a genius with no plan, and we wandered around this country has on energy for 40 years like a fool with no plan," he said.

Its the Pickens Plan, and if his non-partisan plan is put into action, he said it will cut America's reliance on foreign oil by 30 percent in ten years. How? The answer s partly by investing money in renewable wind energy.

"I see myself on wind. I've committed to a $10 billion wind project. I see myself as somewhat of a pioneer," he said.

He hopes wind power will reduce the demand for natural gas resources, which can be used to fuel cars and transportation.

But according to Doug Bantam with LES, wind power may not be a reasonable solution everywhere -- like in Lincoln.

"As far as LES resolving any power supply requirement with wind, that's probably not possible," Bantam said.

He said it all has to do with wind pattern, and it wouldn't be cost effective.

"The capital cost of these are pretty high. Of course, the energy source is free because it's wind, but the capital cost -- operation cost and maintenance cost -- is at least equivalent to what our other resources are," he said.

Bantam said right now, these two turbines produce less than 1 percent of electricity for LES. While Bantam said Pickens plan brings the private investment the industry needs, he still has some concerns.

"One of our biggest concerns is the intermittency of the wind and for ever wind turbine that you put in, there has to be a resource there to back it up," Bantam said.

But Pickens is a man on a mission who feels doing something is better than doing nothing.

Pickens said he talked to both senators John McCain and Barack Obama about his plan. He feels the message was received well by both presidential hopefuls.

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Posted by: Angie Location: Palatka on Sep 11, 2008 at 10:18 AM
My husband and I have 50 acres next to Seminole Power Plant that we are interested in putting wind mills and possibly sell the electricity to the power plant. Any suggestions?

Posted by: justin Location: lincoln on Aug 21, 2008 at 07:59 AM
the point of it is to provide an alternate source as a supplement, not replace. leave it to LES to not see the big picture. its that type of thinking that has gotten us where we are today. they want us to pony up and pay a 10% increase? why not dig yourselves a hole, right? you can always just pass the debt on to the consumer that cant do anything about your irrational spending. les, take some initiative and do something with our to combat the big problem. have an open mind consider the wind option. im a golfer. i know how windy it is in nebraska.

Posted by: Ben Location: Lincoln on Aug 21, 2008 at 05:27 AM
While we are being sceptical, time marches on. Sure, the present two windmills in lincoln only produce 1% of our needs but what if we had a windfarm of 50 or more or perhaps a hundred or more? I believe that switching the use of Natural gas from electical power generation to being a fuel for motor vehicles, especially for over the road trucks would go a long way towards reducing our need for crude oil. We also need to find a way to eliminate the use of coal to generate electricity and even though I feel using natural gas for that purpose is better than coal I believe we have to think beyond the here and now and look to at least the next 50 years.- and a change from coal to natural gas would be a first step in that direction as long as it was only a temporary step while we developed wind power generation.

Posted by: Ron Location: Lincoln on Aug 20, 2008 at 09:14 PM
I'd be more concerned with LES saying it won't work than I would with Pickens making money....

Posted by: Pickens Plan on Aug 20, 2008 at 05:15 PM
Don't fall for the scam! Pickens wants your tax money to subsidize his boondoggle, which will boost the value of the stock (which he owns), and make him a huge profit without him even building one single windmill. He'll sell out, and we'll be left holding the bag. Domestic drilling, more refineries, and nuke plants are the way to go. Did you know that the Speaker of the House owns stock in this venture? Yes, she does.

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