Crazy: Thanks To Obama’s Radical Environmental Regulations Electricity Rates Expected To Jump 40% – 60%…
Should do wonders for the economy.
(Chicago Tribune) — Consumers could see their electricity bills jump an estimated 40 to 60 percent in the next few years.
The reason: Pending environmental regulations will make coal-fired generating plants, which produce about half the nation’s electricity, more expensive to operate. Many are expected to be shuttered.
The increases are expected to begin to appear in 2014, and policymakers already are scrambling to find cheap and reliable alternative power sources. If they are unsuccessful, consumers can expect further increases as more expensive forms of generation take on a greater share of the electricity load.
“Each generator will have to decide for itself whether the investment required to meet environmental requirements can be justified based on its projection of market prices and the cost of its capital. In any case, those costs will be passed through to consumers,” said Mark Pruitt, director of the Illinois Power Agency, which procures electricity for Illinois.
American Electric Power, one of the country’s largest coal-burning electricity generators, said Thursday it will retire nearly a quarter of its coal-fueled generating capacity and that it will spend up to $8 billion to retrofit remaining units to meet regulations that start taking effect in 2014. Those moves will have an impact.
“The sudden increase in electricity rates and impacts on state economies will be significant at a time when people and states are still struggling,” AEP Chairman and CEO Michael G. Morris said.
Posted by ZIP on Sunday, June 12, 2011, at 8:59 pm | 
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Unemployment will soon be going up sharply.
I hate this POS…
Sweet, I’ve always wondered what it would be like to live in North Korea the black hole of Asia..
They are closing coal-fueled electric power plants in Ohio, a couple not too far from me, and in Googling for the story I noticed it’s happening in other states too.
Reason? The EPA regulations on coal-fired power plants.
This, of course means, a shortage in power during extreme times (more stress on existing grids down the line), higher prices to consumers … and lost jobs from these closing plants.
Obama is an evil bastard.
The EPA MUST be abolished.
I’m sure Volt sales will go through the roof…
In 2013, we’re going to regulate and tax everything that liberals do.
It will “necessarily bankrupt” their entire movement in order to pay for…….umm…….to protect the natural habitat of Gremlins.
.
Higher power costs = higher product costs.
What can i say, my kind of guys, the cream puffs of the democratic party..
I’m betting things aren’t to good in whoville tonight for the bamster and
the first wookie, 2012 may seem like a million years in the future…..
Barry O need to go to bat for Oscar the Weiner and don’t forget to toast the
bunn…….
Palin 2012
Hey 60% rise in electricity is a small price to pay for a more eco friendly planet. I can’t wait for barry to tell the Chinese they can’t use coal to generate electricity. That will go over like a turd in a punch bowl.
I just receivced a letter from my power company on Friday letting me know that they will be installing new smart meters in my area. I plan to call them on tomorrow and let them know i don’t want one of these meters. I’ve heard so bad stories in these new meters. My husband said chances are there is nothing i can do about it. At least i can let them know my displeasure with the whole situation.
This is going exactly how Obama wants it to go.
All according to plan.
They installed a smart meter on my house last summer. I watched my electricity bill go up about 15%. With these meters, they can do “peak hours”, which are a higher rate during the heat of summer day. You know, when the air conditioner is going. Then at night, when it cools off and you don’t need it, you get the off-peak” lower rate.
During the election the annointed one said that fuel prices would “neccesarily skyrocket”. The demon is keeping his promise on this one. If he doesn’t kill the elderly with this spectacular new health care plan, he’ll freeze them or cook them to death with the new EPA regs. He’s not stupid, he knows what he’s doing…
Dawg says:
June at 17 pm
What can i say, things aren’t to good in the million years in the future…..
Barry BAMSTAHHHHHHHHHHHHHHHHH YOU DA MAN !!!!!!!!!
ROCK ONNNNNNN !!!!!!!!!!! MY MAIN MAN !!!!!!!!!!!!!!!!!!!!!!LOVE YAAAA BARRRRRRRRRRRRRYYYYYYYYYYY bamster
His proposals/agenda are to tax coal companies over 180 BILLION over the next 5 years. These TARIFFS/taxes are intolerable. Lisa Jackson is EVIL. America has been taken over from the enemy within. Please understand that this is all by design.
Intolerable Acts
“When Injustice Becomes Law, Resistance Becomes Duty”
TJ
Soon we will all gather…this I know
After seeing this recently I rushed out an bought a few bags of charcoal…I have been selling them for $5.00/brick to Obama voters that I see hanging out around Planned Parenthood offices, SEIU Union halls, and the food stamp office, I told them they were carbon credits…
I Loove the motherfucking government
Not
And it has been snowing here all day, no seriously. Also LA has been having average temps about 10 degrees below normal. Lake Powell’s water is about 7 degrees colder than normal too. So we are going to tax coal plants for what?
A thriving economy needs abundant cheap energy (Econ 101). With Obamas energy strangulation policies, the economy will not recover. Get ready for double digit unemployment (assuming we aren’t already there since you can trust the labor departments numbers).
Wouldn’t want to be in their shoes when power rates begin claiming lives because of the EPA and this administration.
I know it borders on the bizarre, but has anyone considered that what Obama is doing to this country is not just a result of incompetence, but intentional?
@circa
Pretty much saw that coming before the election dude.
I think he is a traitor trying to destroy us. Someone needs to do something soon.
The EPA is a destroyer.
If anybody you know bitches about electricity rates or anything for that matter that voted for the Commie in the White House tell them it was their own fault for voting for hope and change and their sheer ignorance.
Down with the EPA!
That is a remarkable coinkydink, Al Gore’s stocks in carbon credit based commodities are likely to mirror this economic anomaly…
2012 will be the most important elections the Republic of United States has had in over 200 years. I think most are now awake, they are unemployed and financially ravaged but they are now awake and most I know are pisssssssssssssssssssssssssssssssssssssssssed.
Hi we’re from the government we’re here to help!
The Straight Dope: Why don’t we ditch nukes and coal?
Cecil Adams
In 2002 the global energy consumption rate was 13.5 terawatts. What will it be in 2050? If everybody were to burn through the juice at the current U.S. rate, we’d need 102 terawatts — seven times as much. Chances of our producing that: zero.
Where will it come from? A 2006 paper by MIT chemistry professor Daniel Nocera entitled “On the Future of Global Energy, Nocera runs through some possibilities:
First, biomass. If we devote all the arable land on earth to energy production rather than food crops and presumably just don’t eat, we could generate 7 to 10 terawatts.
Next, wind. If we build wind farms on 100 percent of the sufficiently windy land, we could produce 2.1 terawatts.
Third, hydroelectric. If we dam all the remaining rivers, we could come up with 0.7 to 2 additional terawatts.
Finally, nuclear. I know you don’t like nukes, Randvek, but the professor’s evident aim was to tote up all power sources that aren’t net emitters of greenhouse gases. He thinks we could produce 8 terawatts by constructing 8,000 nuclear power plants, which would mean one new plant every two days for the next 40 years.
Total: around 18 to 22 terawatts. In other words, if we squeeze out every available watt of alternative energy on the planet, and build nukes at an impossibly aggressive rate, we’ll barely keep up with the energy needed to support even a modest standard of living for the world’s people.
In reality, we’ll need to find additional energy somewhere. Nocera’s solution is to push for a technological breakthrough in solar power, currently a relatively trivial contributor to the world energy mix. Good luck, seriously. Barring that, however, we’re stuck with more coal, oil, and gas, and you know the problems with those.
My point isn’t that the situation is hopeless, although it certainly gives one pause. All I’m saying is we need to dispense with the illusory notion of “alternative” energy, which suggests we’ll get to be choosy about energy sources. Sorry, not going to happen. We’ll have to use them all.
— Cecil Adams
http://www.straightdope.com/columns/read/3000/followup-why-dont-we-ditch-nukes-em-and-em-coal
I live in Florida on the Gulf, my electric bills last summer were averaging about $300-$350 per month. A 60% increase will leave very little for those non-essentials like food and water.
I like how all of this crappy legislation takes effect in 2014.
Does he think we are that stupid?
Boehner-DEFUND the EPA NOW,
He said before he usurped the office we needed higher gas and electricity prices. Just keeping his election promises.
Hey, union members, keep voting for the RATS–even if their illegal alien invasion doesn’t take your jobs, the cost of living increases due to RAT Commie policies will take your money.
Circa1940:
You listen to Rush?
It’s all intentional.
Obama is a cold-blooded angry black man who is going to take it on all of us.
He is the devil.
But God will have the final say about Obama’s actions.
Just think on how this will raise the checks given to all those on government subsidy. Can we say extreme tax hikes looming in the near future? (For those of us who still have jobs anyway.)
John Galt 2012
Binturong-he wants it to look like R’s fault,just like for many years they have done this crap.
Our energy grid can barely withstand very hot days without rolling brown-outs… imagine how much worse that’s gonna get with all the eco-types plugging in their Chevy Volts and whatnot. And now we’re gonna be shuttering a quarter of all our coal plants, too?
Oh boy, America is so fucked with Obama behind the wheel. People better start waking up SOON.
I’ve worked in the utility industry for 29 years.This is how it works -as far as costs to us from the well to the end-user goes (thats us). Coal-1, Natural gas-2,oil-3, green energy-last. The most expensive part of the equation to the end-user is green energy.It kills all of us in the ratepayer realm, smarten up here a little bit…
Ofcourse while all the rest of Obama’s subjects cannot afford food and the cost of heating their homes Obama will be burning tons of jet fuel on his way to another golf outing. Talk about let them eat cake, Obama’s new slogan for his brain dead followers.
Prepare your budgets and get ready for it. At this point it is like…We’ll do what we want. What are you going to do about it? And the answer is…nothing, not a damn thing. There is going to have to be some serious suffering before people start getting a real clue. Until the states ban together to stop all this nonsense it is going to continue irregardless of who holds the administration or congress. Congress, for that matter, is culpable in making themselves irrelevant. Until the people of the states start allowing their state legislatures and governors to turn down federal money/subsidies, yes even though we pay into it, can states start telling the feds to take a flying f’ing leap.
Annaleesea…that was my thought too. He should be brought up on murder charges.
Halodoc…yep, not enough people doing some serious suffering. This might just put things over the edge, but I doubt it.
i guess the only thing about this that makes me happy is that the other 52% will also be paying the high prices too.
But remember, it’s not the Commiecrats whose policies kill people. No…, wait!
@ Tina
Are only hope is to take the Presidency, 60+ in the Senate, increases in the House and start repealing every law passed in 2009 &10.
Then start getting the government back to doing only the things that it should-not trying to be our nanny.
the liberal economic terrorists and obama’s band of liars perverts thieves and whores are determined to destroy the usa.
Not good. If this kind of shit isn’t done away with, you’re looking at serious trouble. With higher gas prices, rising food cost, the dollar being in the crapper, high unemployment, and a massive rise in cost of utilities, you’re looking at a powder keg.
Just paid $4 for a loaf of bread,what’s next a wheel-barrel full of marks for a loaf of bread? Oh forgot that’s already happened to Germany in the 1930′s this America can’t happen here!!!
Light the fuse and hopefully it will take out DC – totally.
Treason.
High Crimes and Misdemeanors.
I tell every idiot I know who voted for him , he’s coming as advertised. He told you he’s was going to do all these things. Yet still you voted for him you get what you deserve… (I live in Barney Frank’s district so I get to say it A LOT)
I feel badly for people who did their homework got informed, worked hard for a different outcome & woke up to a Transformer-In-Chief because a bunch of morons wanted to prove to themselves that they weren’t racist.
Who is the largest electricity exporter in the world?
Who generates the largest percentage of nuclear energy?
The answer to both is France.
While Germany is shutting down their nuclear plants, they are importing
nuclear generated electricity from France.So for that matter is Italy, Spain and Switzerland and France is talking about a 500 MW cable through the chunnel to England. Their exports last year were 69,000,000,000 Kwh and they are laughing all the way to the bank while the rest of Europe goes “green”
It’s a shame that Dim Bulbs in Congress will force US to buy dim bulbs!
The Supreme Court gave the EPA the right to regulate CO2 like pollutants because of man caused global warming. This is absolute junk science. They are ruining our country and our economy on the basis of junk science. Are we just going to take this?
Thought the economy was bad now, just wait. It looks like
it will never recover. Cost of food, cost of gas, no jobs, no
health insurance, and now no electricity(that is affordable)…
getting real close to being a 3rd world country.
Making electricity too expensive is going to affect SOOO
many things. And yes, there will be a lot of cold/heat related
deaths because no one will be able to afford electricity.
So devious. This is being done in “boil the frog” increments. By the time rate increases are in full swing no one will remember who or what caused them to go up. If, G-d forbid, Ubama is re-elected, nothing we can do about it, and if he loses, those coal fired plants will be long gone.
Eco terrorism.
You will be paying for all the other 52% higher cost. More subsidies for them, equals higher taxes for you…
It’s not just Obama either. Romney said on the stump in new Hampshire that man made global warming needed something done about it.
Sarah help us! Save us from these politically correct imbeciles.
I paid 100 dollars yesterday to fill up my gas tank. And when I started my truck up, I realized my tank was only 3 quarters full. The pump stopped at 100 dollars. Gas stations better change that rule.
the slob says:
June 12, 2011 at 10:32 pm
i guess the only thing about this that makes me happy is that the other 52% will also be paying the high prices too.
—————————————————————-
But those 52% are all on Entitlement Programs, ie, “Energy Assistance”,etc….
So,does this mean we quit shipping OUR COAL to the COMMUNIST CHINESE?
Lets get this revolt moving so we can get it behind U.S..
“But GRIZZ,wait till 2012…blah,blah,blah.
My prediction,ovomit over anybody 51 to 49%……wanna bet?
hell yes he steals it
Promise made – promise kept.
“Under my plan of a cap and trade system, electricity rates would necessarily skyrocket.”
Incandesant light bulbs or flouresant light bulbs, it won’t matter – none but the wealthy will be able to afford electricity
How much more do these fing morons think we can take NO HOPE / NO JOBS /CHINA /KORANAMALS /ILLEGALS/and theCHANGE to a THIRD WORLD COUNTRY. Sorry for the rant
Every law maker in DC is gettting rich off this. It’s all scam and we are footing the bill. As they buy up stocks ,we will be living by candle light. There is one way to beat it though. Buy some solar panels and wind turbines, there are electronic videos on youtube that show you how to build ones cheap vs the the pre made ones. That will work until they tax us for those too. Guess it’s back to candles and horses.
Obama told the Americans what he would do everyday he was in the Senate.
“under my plan, energy costs would necessarily skyrocket” . He never lied about certain issues.
The Red states are on his enemies list. An article on Rand Paul was published by Rasmussen.
http://www.rasmussenreports.com/public_content/political_commentary/commentary_by_howard_rich/are_you_on_obama_s_enemies_list
has anyone searched websites like (muslimmatters.com) (commieblaster.com)