Obama administration regulations could force power plants that make 40 percent of the nation’s electricity to shut down.
At issue are EPA restrictions on emissions that would close hundreds of coal-burning power plants which represent around 40 percent of the nation’s electricity.
If that wasn’t bad enough, some observers think the regulations could double electricity rates for average households. The rates would increase because utilities would have to pass the cost onto ratepayers of replacing coal burning power plants or modernizing them to comply with the regulations.
The EPA rules — Carbon Pollution Standards for New Power Plants — are part of Obama’s plan to reduce greenhouse gas emissions which the agency says contribute to global warming.
Obama Admitted Plan Would Raise Electricity Rates
There is some evidence that President Obama has a deliberate strategy of increasing electricity rates and destroying the coal industry.
“Under my plan of a cap-and-trade system, electricity rates would necessarily skyrocket,” Obama told the editorial board of The San Francisco Chronicle in 2008. “Even regardless of what I say about whether coal is good or bad. Because I’m capping greenhouse gases, coal power plants, you know, natural gas, you name it — whatever the plants were, whatever the industry was, they would have to, retrofit their operations. That will cost money. They will pass that money on to consumers.”
“So if somebody wants to build a coal-powered plant, they can; it’s just that it will bankrupt them,” Obama said, “because they’re going to be charged a huge sum for all that greenhouse gas that’s being emitted.”
http://www.theminorityreportblog.co...-shut-down-40-percent-of-nations-electricity/
At issue are EPA restrictions on emissions that would close hundreds of coal-burning power plants which represent around 40 percent of the nation’s electricity.
If that wasn’t bad enough, some observers think the regulations could double electricity rates for average households. The rates would increase because utilities would have to pass the cost onto ratepayers of replacing coal burning power plants or modernizing them to comply with the regulations.
The EPA rules — Carbon Pollution Standards for New Power Plants — are part of Obama’s plan to reduce greenhouse gas emissions which the agency says contribute to global warming.
Obama Admitted Plan Would Raise Electricity Rates
There is some evidence that President Obama has a deliberate strategy of increasing electricity rates and destroying the coal industry.
“Under my plan of a cap-and-trade system, electricity rates would necessarily skyrocket,” Obama told the editorial board of The San Francisco Chronicle in 2008. “Even regardless of what I say about whether coal is good or bad. Because I’m capping greenhouse gases, coal power plants, you know, natural gas, you name it — whatever the plants were, whatever the industry was, they would have to, retrofit their operations. That will cost money. They will pass that money on to consumers.”
“So if somebody wants to build a coal-powered plant, they can; it’s just that it will bankrupt them,” Obama said, “because they’re going to be charged a huge sum for all that greenhouse gas that’s being emitted.”
http://www.theminorityreportblog.co...-shut-down-40-percent-of-nations-electricity/
