Center President Norris McDonald co-wrote the first 'shared energy savings' law with the National Association of Energy Service Companies (NAESCO) in 1985. McDonald and NAESCO worked for the passage of the legislation and Congress passed it on voice votes. The legislation was signed into law by President Ronald Reagan in 1986.
Today you described 'shared energy savings' as some sort of socialist plot led by communist revolutionaries. We assure you that the late former President Ronald Reagan would not have signed such authored legislation. Glenn, you keep getting this stuff wrong. We watch your show and it is just embarrassing. It is one thing to be obsessed with 'getting' President Obama. It is quite another to get the facts almost completely wrong. You did this on EPA's Faith Based Initiative and Climate Change (Cap & Trade).You described how 'shared savings' works, but you made it sound sinister. Third party energy services companies put up the money to make efficiency investments and get a return on that investment and make a profit by sharing the saved energy (and money) over a period of years. It is a perfect instrument for any institution that does not have a budget to make the front end investment. And just as with Cap & Trade, it is an excellent market mechanism for implementing environmental and energy projects.
Oh. And we are getting sick of you slamming so-called radicalized communists when you will not correct your inaccuracies via our market-based 'Fair and Balanced' information. Our red phone is sitting right here. See it? Over there on the right. Pick up the phone. Give us a call. We like much of the information you share about markets, capitalism and democracy. We hate it when you are not fair and balanced and bend over backwards in twisting the facts just to hammer the president. Get it right. Pick up the telephone.
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