Utilities Rates WILL Rise

Barack Obama doesn't care how high utility rates go.  Obama and his socialist  administration is willing to allow electricity prices to "necessarily skyrocket," in order to accomplish his green energy agenda.  He was happy to see gas prices rise and he will be jubilant when utility rates go up.

Obama has so far been unsuccessful at instituting cap-and-trade.  So what he couldn't accomplish in Congress he is now having the Environmental Protection Agency (EPA) do.  His EPA is hard at work running coal companies and consumers into the ground.

The Hill reported that the EPA is attempting to "impose new regulations aimed at limiting greenhouse gas emissions and air pollutants including mercury and arsenic."

According to Paul Bedard's June 8 Washington Whispers column in US News & 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."

American Electric Power (AEP) released its proposed compliance plan on June 9 for those "pending" EPA regulations. AEP, which is one of the largest U.S. utilities and delivers electricity to more than 5 million people, said that in order to comply with the new regulations they would need to retire 6,000 megawatts of coal-generated power in the next couple of years.

They would also have to shutter five plants (two in W.Va., two in Ohio and one in Va.) entirely and retrofit others, costing $6 billion to $8 billion. AEP also estimated a net loss of 600 power plant jobs, not including the ripple effect through the industry and affected communities. Higher energy prices are regressive and hurt the poorest the most.

The socialist Democrats and main stream media will pretend that the billions of dollars companies would have to spend to comply with new regulations will simply come out of some rich guy's pockets.  The reality is that it will take away coal mining and plant jobs from people who have families to support and raise electricity rates for all consumers - many of whom are already struggling in a very difficult economy.

The main stream media thus far has not covered this destruction of electric plants in America.  They won't report that Obama is systematically destroying the American economy.  America don't let your Representatives and Senators off the hook.  They can stop Obama and the EPA.  Will they?  Only if hard working Americans force them to.

Comment here and email us at YourVoice@speaknowconservatives.org.

Moms, Dads, Grandparents need a place to vent about the direction our government is taking? Go to MomsAndDadsBeHeard and speak out. Be part of bringing our Great country back.

You might also like to read this article: Need A Job? - Contribute Enough To Obama To Get One