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Team Obama Making Electricity Rates Necessarily Skyrocket 60%

Anonymous Coward
User ID: 1401171
06/13/2011 03:04 PM
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Team Obama Making Electricity Rates Necessarily Skyrocket 60%
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

[link to nation.foxnews.com]