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Obama Keeps His Promise. Electricity Rates Will Necessarily Skyrocket

by huckfunn ( 5 Comments › )
Filed under Barack Obama, Business, Cult of Obama, Democratic Party, Economy, Elections 2012, Energy, Environmentalism, government, Headlines, Misery Index, Politics, Progressives, Regulation, Socialism, unemployment at October 7th, 2011 - 5:30 pm

The Institute for Energy Research (IER) recently issued a report which shows the coal fired power plants to be closed as a result of the EPA’s clean air policies. These closures will result in the loss of thousands of jobs, less electricity in the power grid resulting in higher electricity costs to the consumer.

WASHINGTON – Today, the Institute for Energy Research issues a report (which can be found here) listing the powerplants likely to be closed as a result of the U.S. Environmental Protection Agency’s regulations commonly known as the Utility MACT and the Cross State Air Pollution Rule.

IER President Thomas Pyle said, “These rules will make electricity more expensive and less reliable. They will cost thousands of workers their jobs, require millions of consumers to pay more for electricity, and mean billions of dollars will have to be spent to build replacement power. At least they will fulfill the President’s campaign pledge to make the cost of electricity ‘necessarily skyrocket’.

According to the report, which used EPA’s own modeling, as well as company announcements, to construct a list of coal-fired powerplants likely to retire, EPA regulations will result in the closing of at least 28 gigawatts (GW) of generating capacity (which is the equivalent of closing every powerplant in the state of North Carolina or Indiana).

The 28 gigawatts in closings are about twice as much as the 14.5 gigawatts EPA had originally predicted would close as a result of the rules. It is also more than the worst case scenarios had projected — analysis by the North American Electric Reliability Corporation (NERC) anticipated that CSAPR and the Utility MACT would close 20 GW of generating capacity.

For purposes of comparison, 28 gigawatts is about 2.5% of the total U.S. generating capacity, and represents about 30 times the installed capacity of all solar utility generation in the U.S.

Read the whole thing here. 

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5 Responses to “Obama Keeps His Promise. Electricity Rates Will Necessarily Skyrocket”
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  1. NoThreat2U
    1 | October 7, 2011 5:54 pm

    The one dot on the left side of PA looks like our local plant.


  2. Mars
    2 | October 7, 2011 7:40 pm

    The two in MT are going to cost a ton of jobs and cause our already outrageous electricity costs to go through the roof.


  3. mfhorn
    3 | October 7, 2011 8:28 pm

    And the people impacted most by this are the poor.

    Obama must be a raaaaacist!


  4. lobo91
    4 | October 8, 2011 2:29 am

    Finally, a campaign promise Obama is keeping!

    //


  5. Fritz Katz
    5 | October 8, 2011 1:14 pm

    Strains of Andrew Lloyd Webber’s “Evita” are running through my mind. Especially, the “Don’t cry for me… I kept my promise, don’t keep your distance..”

    The Obama-Evita Connection: A Study in Popular Totalitarianism

    The other day, as we were listening to the soundtrack of Evita, my wife pointed out the amazing similarities between the rhetoric of the Mussolini-admiring Jaun and Eva Perón and Obama. With the corruption, intimidation and messianic imagery associated with Obama, the following lyrics from the musical/movie Evita are chilling. (Insert “Obama” and any of his promises in the appropriate places): …


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