Showing posts with label coal industry. Show all posts
Showing posts with label coal industry. Show all posts

Sunday, June 12, 2011

Democratic Senator: Environmental Protection Agency Out of Control







On Thursday, American Electric Power company announced that to comply with a series of EPA regulations, it will close five coal-fired plants -- three in West Virginia and one each in Ohio and Virginia -- at a net cost of 600 jobs.

American Electric Power is one of the largest electric utilities in the United States, delivering electricity to more than 5 million customers in 11 states.

"We have worked for months to develop a compliance plan that will mitigate the impact of these rules for our customers and preserve jobs, but because of the unrealistic compliance timelines in the EPA proposals, we will have to prematurely shut down nearly 25 percent of our current coal-fueled generating capacity, cut hundreds of good power plant jobs, and invest billions of dollars in capital to retire, retrofit and replace coal-fueled power plants," said AEP Chairman and CEO Michael G. Morris.

"The sudden increase in electricity rates and impacts on state economies will be significant at a time when people and states are still struggling,” he added.

The plant closures in West Virginia alone will result in 242 lost jobs -- "and that's simply wrong," Manchin said:

“Let me be clear, it’s decisions like the one made by AEP today that demonstrate the urgent need to rein in government agencies like the EPA, preventing them from overstepping their bounds and imposing regulations that not only cost us good American jobs, but hurt our economy.

Read the rest at the link above...

Wednesday, June 8, 2011

Coal Regs Would Kill Jobs, Boost Energy Bills

In tough economic times, there is no better way to jump start things than by increasing people's electric bills by almost 25%. The epa and the obama administration are 100% clueless. These assholes will not be happy until we are all living in caves.

My gasoline bill has increased by twice, if my electric bill goes way up I might as well quit my job and sit at home collecting welfare. Maybe that is their plan, break us all and force us onto the welfare rolls. The only thing wrong with that stupid plan is this, when everyone is on welfare, whos gonna pay for it?

By Paul Bedard - US News and World Report

Two new EPA pollution regulations will slam the coal industry so hard that hundreds of thousands of jobs will be lost, and electric rates will skyrocket 11 percent to over 23 percent, according to a new study based on government data.

Overall, the rules aimed at making the air cleaner could cost the coal-fired power plant industry $180 billion, warns a trade group.

“Many of these severe impacts would hit families living in states already facing serious economic challenges,” said Steve Miller, president of the American Coalition for Clean Coal Electricity. “Because of these impacts, EPA should make major changes to the proposed regulations before they are finalized,” he said.

Read the rest at the link above...