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From Boston’s Big Dig to California’s high-speed rail to New York’s 12 years-overdue and 300-percent over-budget East Side Access rail project, big boondoggles routinely demonstrate the validity of the rule. Offshore wind projects are not immune to the Iron Law, regularly experiencing vast cost overruns before a single watt is generated.
New York is not expected to keep up with growing demand over the next two decades, and the state plans to replace reliable natural gas power plants with unreliable wind and solar.
When state authorities revealed their proposals to compel all new buildings and houses to limit their power sources to electric, warnings about how this would affect existing structures were largely