Catchword: off-ramp

Filed Under: English, Business, Jargon

Part of Speech: n.

Quotation: Authors of the initiative recognized the flaw and, during the campaign to pass the measure, agreed to make improvements if it passed. After it passed, Xcel Energy and the initiative backers worked with state legislators to cap financial impacts from the standard to no more than 1 percent above what customers would pay if conventional resources were added to the system instead of renewables—an “off-ramp” as it is called.… Similarly, Minnesota’s renewable energy standard contains “off ramps” in the event that costs for renewable energy become too high, but we believe we can meet the aggressive, 30-percent standard in a financially prudent manner.

Article or Document Title:
“Wind energy quote out of context” (URL)

Author:
Steve Roalstad

Article, Document, Publication, Web Site:
Park Rapids Enterprise

Publishing Location:
Minnesota

Date of Publication:
Feb. 6, 2008

This catchword has yet to be researched.