Price of electricity to go UP!

[DrLeftover]

This should finish killing the American Economy.



And it isn't from those haters at Fox, we all know about them.

Over the next 18 months, the Environmental Protection Agency will finalize a flurry of new rules to curb pollution from coal-fired power plants. Mercury, smog, ozone, greenhouse gases, water intake, coal ash—it’s all getting regulated. And, not surprisingly, some lawmakers are grumbling.



Industry groups such the Edison Electric Institute, which represents investor-owned utilities, and the American Legislative Exchange Council have dubbed the coming rules “EPA’s Regulatory Train Wreck.” The regulations, they say, will cost utilities up to $129 billion and force them to retire one-fifth of coal capacity. Given that coal provides 45 percent of the country’s power, that means higher electric bills, more blackouts and fewer jobs.

http://www.washingtonpost.com/blogs...ant-shutdowns/2011/08/19/gIQAzkZ0PJ_blog.html

 

[Evil Eye]

We will make electricity so cheap only the rich will burn candles.... looks like they're both expensive now.

 

[DrLeftover]

So exactly who is being greedy?



Mr Obama promised to bankrupt the coal industry, this will be a good step that way.



You cannot build a nuclear plant in this country due to the maze of often contradictory regulations.



Nor can you build a hydroelectric dam for exactly the same reasons.



In Texas they were to build a giant 'wind farm' but then couldn't get the permits to build the transmission lines to get the power to town.



And so on.



Who's greedy?

 

[DrLeftover]

Oh, OK.



I just thought it was Mr. Obama keeping his promise to bankrupt the coal industry.





And another paper has noticed.



http://www.nypost.com/p/news/opinio...iant_green_jobs_killer_KdfsWk1XtxOu1souIABLFM





Not a peep from CNN or any of the other mainstream media. Perhaps they don't think a 25% jump in power rates is newsworthy.