New Obama Regulations Will Close Hundreds Of Coal Plants, Block New Ones, Increase Electricity Costs 80%

EPA Regs Will Close Hundreds Of Coal Plants, Block New Ones, Increase Costs 80% – Independent Sentinel

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Obama is to fossil fuels what locusts are to crops.

The administration is coming up with Draconian regulations on coal plants Monday and they are worse than originally planned.

A government official promised on Tuesday that regulations will cost taxpayers as much as 80% more for electricity but the New York Times said the “administration argues that the rules will save the average American family $85 annually in electricity costs and bring additional health benefits.” You read that correctly.

This is the government engineered unFree Market at work. Read on.

We were promised a savings of $2500 a year in our health insurance premiums but they are skyrocketing. This energy debacle appears to be going down the same road. All of this is to control us. Coal is not bad enough to warrant this overreaction but the president wants his ideology in place.

On Tuesday, Julio Friedmann, deputy assistant secretary for clean coal at the Department of Energy, told members of the House Energy and Commerce Committee’s oversight board that regulations for new coal plants would increase electricity prices by as much as 80%, as reported by the Washington Examiner.

“The precise number will vary, but for first generation we project $70 to $90 per ton [on the wholesale price of electricity],” Friedmann said. “For second generation, it will be more like a $40 to $50 per ton price. Second generation of demonstrations will begin in a few years, but won’t be until middle of the next decade that we will have lessons learned and cost savings.”

In other words, prices are anticipated to go up, then come down as the technology develops but they will never be inexpensive as they were.

The problem is mainly that the CCS technology they are forcing on the coal plants is not ready for prime time and the people will have to shoulder the costs of the premature regulations and the immature technology. The lowered future costs are reliant on their betting on the technology they admit is not ready for use.

Friedman said coal plants would not install the CCS technology without the mandate and the government will subsidize them. That’s another cost to taxpayers so the government can force the technology through quickly.

If the technology is not ready for use, how can it be mandated and how do we know it will work?

Laura Sheehan, senior vice president of communications for the American Coalition for Clean Coal Electricity accused the Obama administration of trying to drive up energy costs and put Americans out of work.

“Today’s hearing shed further light on how grossly underdeveloped CCS remains and revealed the staggering cost increases American consumers and manufacturers will face if future power plants are forced to operate under EPA’s inane regulations,” Sheehan said. “DOE and EPA are wasting valuable taxpayer dollars by pursuing policies that will do nothing to build economic confidence and create jobs but everything to drive up energy costs and put hardworking Americans out of work.”

The government and their environmental group partners refused to listen to requests for more realistic cost ranges.

The New York Times reported that on Monday, EPA head Gina McCarthy will announce the toughest Obama regulations to date, regulations which will possibly shut down hundreds of coal-fired plants and freeze construction of new coal plants. This is part of the administration’s fundamental transformation of the energy sector which he has basically seized via the EPA.

He is fighting global warming which he sees as an existential threat though many believe his nationalization of every U.S. sector is more of an existential threat.

The NY Times reports, “the most aggressive of the regulations requires the nation’s existing power plants to cut emissions 32 percent from 2005 levels by 2030, an increase from the 30 percent target proposed in the draft regulation.”

They added, “That new rule also demands that power plants use more renewable sources of energy like wind and solar power. While the proposed rule would have allowed states to lower emissions by transitioning from plants fired by coal to plants fired by natural gas, which produces about half the carbon pollution of coal, the final rule is intended to push electric utilities to invest more quickly in renewable sources, raising to 28 percent from 22 percent the share of generating capacity that would come from such sources.”

The administration could not get a cap and trade bill passed so the president took out his pen and phone and is putting through a cap and trade bill that will probably negatively impact the lives of the middle class Americans he purports to help. If the president wins in court, it will force every state to implement his cap and trade.

Senate Majority Leader Mitch McConnell comes from a coal state and has told governors to refuse to follow the mandates.

The NY Times added that “experts”, who were left unnamed in the article, say that emissions could level off enough to prevent the worst effects of climate change. They are referring to the global warming that is in its 21st year of not warming.

Taxpayers can take small solace in the fact that this is for Mr. Obama’s legacy and he’s ramping up in time for his term’s end.

The administration says this will save the average taxpayer $85 a year but they might be using Common Core math because that’s not what Mr. Friedman said on Tuesday.

Leftist think tanks like ThinkProgress predict lower energy bills but that is not what Barack Obama promised in January 2008.

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