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Obama’s war on coal hits your electric bill

Discussion in 'Politics, Elections & Legislation' started by mrskeet410, May 22, 2012.

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  1. mrskeet410

    mrskeet410 TS Member

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    'Obama’s war on coal hits your electric bill

    Obama’s War on Coal has already taken a remarkable toll on coal-fired power plants in America.

    Last week the U.S. Energy Information Administration reported a shocking drop in power sector coal consumption in the first quarter of 2012. Coal-fired power plants are now generating just 36 percent of U.S. electricity, versus 44.6 percent just one year ago...

    Last week PJM Interconnection held its 2015 capacity auction. These are the first real, market prices that take Obama’s most recent anti-coal regulations into account, and they prove that he is keeping his 2008 campaign promise to make electricity prices “necessarily skyrocket.”

    The market-clearing price for new 2015 capacity – almost all natural gas – was $136 per megawatt. That’s eight times higher than the price for 2012, which was just $16 per megawatt. In the mid-Atlantic area covering New Jersey, Delaware, Pennsylvania, and DC the new price is $167 per megawatt. For the northern Ohio territory served by FirstEnergy, the price is a shocking $357 per megawatt...'


    Read more: http://www.foxnews.com/opinion/2012/05/22/obamas-war-on-coal-hits-your-electric-bill
     
  2. John Galt

    John Galt TS Member

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    ban Keet
     
  3. Brian in Oregon

    Brian in Oregon Well-Known Member

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  4. Auctioneer

    Auctioneer Well-Known Member

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    Sunny abd rainy today
     
  5. Brian in Oregon

    Brian in Oregon Well-Known Member

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