Talk about running things well -- EPA

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The EPA is doing such a great job, let's give them whever funding they ask for. From the Chicago Business Tribune:
Consumers' electric bills likely to spike as coal plants close
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.
Emphasis mine: cheap and reliable alternative power sources Unicorn farts? Nope Solar? Nope Wind? Nope Nuclear - specifically Liquid Fluoride Thorium Reactor? Finally. More. Faster. Now.

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This page contains a single entry by DaveH published on June 12, 2011 12:38 PM.

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