Comment Blame Natural Gas also (Score 1) 346
Back in 2008, natural gas prices had spiked, and it "appeared" (at least temporarily) that they might stay rather expensive. Texas is very dependent upon natural gas for electricity, so "wind power" was almost economical.
Now, in 2010, with more sources of natural gas seeming to 'pop up' due to the additional drilling in Texas over the last couple years, NG is cheap again. Wind generated electricity costs twice as much as natural gas generated electricity right now. So unless a business is just wanting to "appear green", there's no economic incentive to buy wind power right now. Would you pay twice the price for electricity just to "say" you're buying wind power?
Pickens is above all else a business man. If it won't make money, there's no point in doing it.