SKYROCKETING: Consumers’ electric bills likely to spike as coal plants close.

here is NIGGER saying so

http://www.youtube.com/


Uploaded by BattleBornPAC on Mar 18, 2009

Barack Obama: "Under my plan of a cap and trade system, electricity rates would necessarily skyrocket." (January 2008)
 
It was announced yesterday there will be three power plants closing here due to the new EPA regs
 
Get ready for electricity prices to “necessarily skyrocket”



Have you had a lot of fun watching the price of gasoline shoot out of sight this year at the pump? That will be just the appetizer. Thanks to new regulations from the Obama administration, power companies will shut down a significant number of coal-fired plants by 2014, and without any other reliable sources of mass-produced electricity, consumers will see their bills go up as much as 60% (via Instapundit and Newsalert):


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.
You won’t just pay more to the utility company, either. The Chicago Tribune runs the math on public-sector cost increases in just their city:


What analysts know is that a portion of ComEd bills that pays electricity generators to reserve a portion of their power three years into the future will increase more than fourfold. That would translate into increases of $107 to $178 a year for an average residential customer in ComEd’s territory, starting in 2014, according to calculations by Chris Thomas, policy director for consumer advocacy group Citizens Utility Board.


In 2014 those so-called capacity costs are expected to add approximately $2.7 million over the previous year to electricity bills in Chicago Public Schools, $3.3 million for the Metropolitan Water Reclamation District and $5.4 million to the city of Chicago, according to an analysis by Tenaska, aNebraska-based power development company that wants to develop a coal-fed power plant in central Illinois that would meet stringent regulations because it would capture and sequester emissions.


It’s the EPA gift that keeps on … taking.


On the other hand, we can consider this a rarity — an Obama promise kept:
Obama told the Chronicle:


The problem is not technical, uh, and the problem is not mastery of the legislative intricacies of Washington. The problem is, uh, can you get the American people to say, “This is really important,” and force their representatives to do the right thing? That requires mobilizing a citizenry. That requires them understanding what is at stake. Uh, and climate change is a great example.


You know, when I was asked earlier about the issue of coal, uh, you know — Under my plan of a cap and trade system, electricity rates would necessarily skyrocket. Even regardless of what I say about whether coal is good or bad. Because I’m capping greenhouse gases, coal power plants, you know, natural gas, you name it — whatever the plants were, whatever the industry was, uh, they would have to retrofit their operations. That will cost money. They will pass that money on to consumers.


They — you — you can already see what the arguments will be during the general election. People will say, “Ah, Obama and Al Gore, these folks, they’re going to destroy the economy, this is going to cost us eight trillion dollars,” or whatever their number is. Um, if you can’t persuade the American people that yes, there is going to be some increase in electricity rates on the front end, but that over the long term, because of combinations of more efficient energy usage, changing lightbulbs and more efficient appliance, but also technology improving how we can produce clean energy, the economy would benefit.
If we can’t make that argument persuasively enough, you — you, uh, can be Lyndon Johnson, you can be the master of Washington. You’re not going to get that done.

Even without cap-and-trade — or perhaps more accurately, even with a backdoor carbon tax through regulatory adventurism — Obama kept his promise to have electricity rates skyrocketing, and putting the burden on consumers, business, and taxpayers. Who said that every Obama promise comes with an expiration date?
 
All Obama has to do is sell us on how much cleaner the US is going to be, and once we hear his message, we're going to gladly learn to burn more candles...

__________________
We don’t prevent pollution, we export it (along with our jobs).
A_J, the Stupid
 
Ozone must be eliminated! Forget the fact that all those turbine blades create it with each revolution. :cool:
 
You say you want a revolution...




Problem is, too many Americans are too damned stupid to know what's good for them.
 
The EPA needs to be bulldozed.

It serves a useful purpose, it allow Obama to co-opt "Drill Baby Drill" knowing that the EPA will say, "No way Jose, unless, of course, you're drilling in BRAZIL!"

__________________
We don’t prevent pollution, we export it (along with our jobs).
A_J, the Stupid
 
Iz youse "people" happe with what HO! has dun?

Yes. They want a green tofu omelet with their green O'ham and that means some eggs will have to be broken...

__________________
A massive campaign must be launched to restore a high-quality environment in North America and to de-develop the United States...,
John P. Holdren
White House Office of Science and Technology Director

"How about just tracking down every single person who said drill baby drill and putting them all in prison. Why don’t we do that?"
Alan Grayson
 
Barack Obama has long sought to bankrupt the coal industry. But, Cook County politician that he is and always will be, the relevant question is: who benefits from his plans wreck a major portion of our economy while also boosting electricity prices across America?

A clue: he and his pals from Chicago have incestuous ties to the one company whose prospects will be boosted by Obama's policies.

...

From the [Chicago] Tribune article:

One company that expects to benefit from the changes is Chicago-based Exelon Corp., which has a large fleet of nuclear power plants that have low emissions and are cheap to run compared with coal plants.

"The upside to Exelon is unmistakable," CEO John Rowe said last year. "Every $50 per megawatt-day as a change in capacity prices, translates to almost $350 million of additional capacity revenue for Exelon in 2014 and subsequent years."

Rowe said energy prices are also expected to rise if coal plants are retired and replaced with other energy sources, like natural gas. "These changes add up quickly," he said. "A $5 per megawatt-hour increase in energy prices would be $700 million to $800 million of incremental annual revenue to Exelon on an open basis. We expect that at least some of that upside will be realized in the next two to four years."
Sadly, the paper -- an early promoter of Barack Obama's career -- does not delve further into who else may reap the rewards at the American people's expense. What political figures close to Barack Obama have long ties to Exelon?

David Axlerod, Obama's campaign strategist and chief domestic policy adviser (who had the office closest to the Oval one before he left the White House to return to the 2012 campaign trail), has reaped quite a few rewards from doing business with Commonwealth Edison, which became part of the Exelon octopus through corporate mergers (this corporate history is linked to Rahm Emanuel, see below).

...

Who else may benefit from this rape of electricity consumers? There are the legions of investors in green schemes who are Obama supporters and whose uneconomic projects can only succeed through government arm-twisting (an Obama talent).

Then there is Rahm Emanuel, Obama's longtime political ally and his former Chief of Staff who recently became Chicago's mayor. But between stints in politics he took the revolving door between politics and business and signed up for a very lucrative and brief career in investment banking. This is the very same revolving door Obama has promised to close. Who was his major client? Need one ask? The aforementioned John Rowe, Chief Executive Officer of Exelon.

In a Forbes magazine article from 2009, Rowe boasted of his decade-long planning for more expensive coal. His plans have borne luscious fruit.
http://www.americanthinker.com/2011/06/crony_capitalism_and_obamas_anti-coal_crusade.html
 
I find it more helpful to merely supply them the rope.

Those rates affect those most in love with Green...

Paddy O’Bama Says: An' this is just the tip O' the iceberg!
http://pajamasmedia.com/tatler/files/2011/04/obama-wide-grin80.jpg

__________________
"Look, if you do this, you're not gonna be hurting Big Oil; you're gonna be hurting employment in my state. You people in Michigan, yeah, go ahead. You complain all you want about the gasoline price. What are you doing to contribute to our energy in this country? Your state doesn't do anything for energy. But we here in Louisiana, we contribute. We have all kind of things.

"We have a lot of jobs. We have a lot of companies, a lot of businesses here that are devoted to producing and providing energy for this whole country, and I resent this notion of being singled out."

Mary Landrieu
 
"We know that the moment of greatest danger to a society is when it comes near realizing its most cherished dreams."
Eric Hoffer






... take Spain, for example...
__________________
I'm Hungary for some French-fried €PIIGS!
A_J, the Incredulous
 
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