Tuesday, August 23, 2011

Significantly Higher Energy Costs

New EPA rules dictate that utility companies will be forced
to spend an initial outlay of $800 million dollars to conform
with the regulations that mandate “harmful” emissions be
reduced under the Clean Air Act.

Groups like the Edison Electric Institute warn that the new
rules eventually “cost utilities up to $129 billion and force
them to retire one-fifth of coal capacity,” prompting a wave
of coal plant shutdowns.

The new rules will exacerbate the problem of rolling blackouts,
warns Donna Nelson, head of the Texas Public Utility Commission.

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