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OnePimpTiger
06-12-2011, 02:18 PM
Consumers' electric bills likely to spike as coal plants close (http://www.chicagotribune.com/business/ct-biz-0612-rates-20110611,0,7432941.story)


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.

duane1969
06-12-2011, 03:00 PM
While this is news to the general public, it isn't to those of us living in coal country. Our local politicians have been trying to push coal as a viable option for enery for years but the general consensus the entire time has been that the Fed government will regulate coal out of business.

A local guy who owned several mines sold them 2 years ago and bought a resort. That speaks volumes to me. When the mine owners are getting out then the writing is on the wall.

My .02 is that within 10 years there will be no coal industry. When the govt. starts regulating something it almost always kills it.

The kicker of all of this is that the govt. is regulating the current energy source out of use before there is a replacement causing higher energy prices and loss of jobs. Bravo.

INTIMADATOR2007
06-12-2011, 05:34 PM
http://youtu.be/HlTxGHn4sH4

sanfran22
06-12-2011, 08:46 PM
Well I believe Obama actually promised this during his campaign. So he's making good one something I guess.....Way to go!

OnePimpTiger
06-12-2011, 11:06 PM
The kicker of all of this is that the govt. is regulating the current energy source out of use before there is a replacement causing higher energy prices and loss of jobs. Bravo.

Yahtzee! The horse is definitely coming before the cart. Anyone who supports this has zero right to complain when energy prices skyrocket.

*censored*
06-13-2011, 02:37 PM
The horse is definitely coming before the cart.

I think you mean the opposite. And if so, I agree.

OnePimpTiger
06-13-2011, 10:31 PM
I think you mean the opposite. And if so, I agree.

Yep....10p is usually my cutoff point for being coherent...sorry about that.