Friday, June 10, 2011

Reviving the Economy, EPA Style

"The company, one of the country’s largest electric utilities, estimated that it will cost between $6 billion and $8 billion in capital investments over the next decade to comply with the regulations in their current form.

The costs of complying with the regulations will result in an increase in electricity prices of 10 to 35 percent and cost 600 jobs, AEP said.

In total, AEP estimated it will have to close five coal-fired power plants by the end of 2014. Six additional plants would see major changes, including retiring some generating units, retrofitting equipment and switching to natural gas."

At least we are not going german-crazy and closing every nuclear power plant in operation. On this path lies all manner of sustainable development. 


Solameanie said...

I think the utility should shut the government's electricity off for a while. That'll learn 'em!

Palm boy said...

Right, because I need all those people at the DMV to be even more grumpy and slow then usual!!