As Obama’s Environmental Protection Agency implements regulations which make it too complicated and economically untenable to operate Coal Generation plants. The EPA’s regulation (which was not approved by Congress) will shut off 10% of electricity generation in the US.
This Congressional unapproved Obama Administrative mandate will hit the Midwest particularly hard. Michigan may have to deal with unreliable power deliver (read blackouts) if any additional co-generation plants are shuttered. According to the Chicago Tribune, electricity rate-payers in Ohio should expect to pay $179 per household extra for these EPA regulations. Of course, these coal power conversion “challenges” will complicate adding jobs during this “Summer of Recovery”. Then again, that was Obama’s gimmick for the 2010 election cycle.
It is not as if this result was unexpected. In 2008, then Senator Obama gave an interview with the San Francisco Chronicle, where he predicted that his policies would cause electricity rates would necessarily skyrocket.
The only difference is that Obama thought that it would be Cap and Trade legislation which would prompt Americans to dig deep in their pockets to do the right thing. The problem is that the Senate never approved Cap and Trade legislation, so EPA bureaucrats took the onus on their unelected shoulders to proffer the regulation. But then again, following the Constitution would be a DREAM Act from My POTUS.
If only we could treat this as a laugh-a-second farce like Johnny's antics in the original Airplane movie (1980).
Alas, it's no laughing matter. The fog of economic uncertainty is getting thicker and Obama's Leviathan government is getting larger.
h/t: Institute for Energy Research
Michael Ramirez, Investors Business Daily