EPA in the dark on electricity costs By Rebekah Rast —
On Jan. 17, 2008, President Obama revealed
to the San Francisco Chronicle what is finally becoming reality for America’s
main energy producers.
He said,
“So if somebody wants to build a coal-powered plant, they can; it’s just that
it will bankrupt them because they’re going to be charged a huge sum for all
that greenhouse gas that’s being emitted.”
The Environmental Protection Agency (EPA) has followed the
president’s agenda and is nearing its goal of bankrupting many coal-fired power
plants. By hyper-regulating air pollutions, carbon dioxide, mercury and
other air emissions, if government policies stay on the same course, the coal
industry is facing a losing battle.
However, it won’t just be coal miners and power plant
workers who lose should the EPA continue to get its way. Every American
that flips on a light switch or likes their air conditioning loses this battle.
If you are of the thinking that these overreaching regulations on coal aren’t
so bad, you better not complain about a much higher electricity bill.
Institute for
Energy Research data shows that 34.7 gigawatts (GW) of electrical generating
capacity will close as a result of the Mercury and Air Toxics Rule (Utility
MACT) and the Cross State Air Pollution Rule (CSAPR) regulations—nearly
10 percent of our coal energy capacity. And that’s just the result of two rules
placed on coal by the EPA.
A Sierra Club estimate is even more generous, expecting the
closings of 319 coal-fueled generating units totaling 42,895 megawatts or 42.9
gigawatts—about 13 percent of the nation’s coal fleet as a
result of these overbearing rules on the coal industry.
However, these rules are having no impact on the demand for
coal. Despite the EPA restricting coal production there is still a
constant worldwide demand for the resource. Therefore, energy prices have
nowhere to go but up.
By 2015, when coal power plants must abide by environmental
rules or shutdown, residential
customers can expect to pay 10 percent higher electricity costs, or between
$150 and $330 a year more than what they are paying now.
But some states can expect to see even higher prices.
For example, families and businesses in Illinois could pay 20 percent
more for electricity by 2014. In fact, Chicago
public schools may have to find an extra $2.7 million a year to keep the lights
and heat on and computers running.
Is shutting down a cost-efficient, productive industry worth
all this additional cost?
A new power plant in Indiana, costing a total of $3.3
billion due to the need for special outfitting to comply with environmental
rules, will cost its
customers a 15 percent rate hike for the next two years.
The list of costs as a result of hyper-regulation by the EPA
goes on and on. Energy consumers nationwide will be affected by these
rules and regulations.
Not surprisingly, the EPA doesn’t have a plausible plan B
that it deems to be environmentally acceptable. Once the coal industry is
pushed out of business, there is no other energy producer to make up for
the 45 percent
loss of energy production. It won’t come from wind, solar,
hydro or any other “green” energy source. Even combined these sources
don’t make up even close to the amount of electricity America demands.
As Americans across the country face electricity outages and
no air conditioning, it might be a good time to reevaluate our president’s
agenda of bankrupting our main electricity providers. Fewer coal plants
generating electricity could quite possible mean more days of blackouts.
Unfortunately this is one promise President Obama has not
broken.
Rebekah Rast is a contributing editor to Americans for
Limited Government (ALG) andNetRightDaily.com. You can follow her on twitter
at @RebekahRast. NetRightDaily.com: http://netrightdaily.com/2012/07/epa-in-the-dark-on-electricity-costs/#ixzz209OMgX00
Comments:
Global warming and man-made climate change are discredited
theories. Congress must roll back the
EPA before all of our lights go out.
Power companies are spending money now to comply with this nonsense and
they will pass it all on to its customers.
That’s us. It’s time to raise
hell with our PSC and all elected officials to roll this back before we spend a
dime on this hoax.
Norb Leahy, Dunwoody
GA Tea Party Leader
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