Under My Plan of Cap and Trade...
.... "electricity rates will necessarily skyrocket," then-candidate Barack Obama casually warned us. He didn't get his bill, but his EPA is coming up with its own draconian rules that will drop the hammer on Wisconsin and other states that rely heavily on coal for our energy.
The U.S. Environmental Protection Agency on Thursday finalized stronger regulations for Wisconsin and 26 other states aimed at curbing air pollution from long-distance sources.
The rules will help those states fight ozone and particle pollution caused by power plants in Illinois, Indiana and other states.
But Wisconsin utilities - whose pollution can contribute to air-quality problems elsewhere - will also need to find ways to reduce their own emissions.
The likely result: Higher electric bills in the coming years....
... the American Coalition for Clean Coal Electricity called the rule "among the most expensive ever imposed by the agency on coal-fueled power plants, dramatically increasing electricity rates." In Wisconsin, a business group raised worries about higher costs.
"Our concern is that whatever the cost utilities face will ultimately be paid for the homeowners and businesses that use the electricity," said Scott Manley, director of environmental policy for Wisconsin Manufacturers & Commerce.
The EPA said Thursday the rule would increase national average household electricity prices by 1% in 2014.
We Energies customers have experienced rate increases in recent years, partially because of pollution control projects. Also , a 6% to 8% increase in electricity bills could hit customers in 2012 or 2013, linked, in part, to a major pollution control project at its Oak Creek power plant.
The coal industry is crying foul over new Environmental Protection Agency (EPA) regulations which they say will be among the most be costly rules ever imposed by the agency on coal-fueled power plants.
The result, industry insiders say: substantially higher electricity rates and massive job loss.
“The EPA is ignoring the cumulative economic damage new regulations will cause,” said Steve Miller, president and CEO of the American Coalition for Clean Coal Electricity (ACCCE). “America’s coal-fueled industry has been doing its part for the environment and the economy, but our industry needs adequate time to install clean coal technologies to comply with new regulations. Unfortunately, EPA doesn’t seem to care.”