Obama Hits Struggling Americans With Energy Rate Hikes
Draconian EPA regulations lead to blackouts, artificial scarcity after vow to “bankrupt” coal industry
Paul Joseph Watson
Monday, August 22, 2011
Following Barack Obama’s vow to “bankrupt” the coal power industry, Americans are set to be hit with a wave of utility bill hikes as draconian EPA regulations drive up the cost of energy while General Electric, one of Obama’s biggest campaign donors, gets a waiver and is completely exempt.
New EPA rules dictate that utility companies will be forced to spend an initial outlay of $800 million dollars to conform with the regulations that mandate “harmful” emissions be reduced under the Clean Air Act.
Groups like the Edison Electric Institute warn that the new rules eventually “cost utilities up to $129 billion and force them to retire one-fifth of coal capacity,” prompting a wave of coal plant shutdowns.
The new rules will exacerbate the problem of rolling blackouts, warns Donna Nelson, head of the Texas Public Utility Commission.
“I have no doubt in my mind that this rule will result in reliability issues and rolling outages in Texas,” Nelson said.
The EPA claims the new rules will “prolong lives by reducing harmful smog and soot pollution,” and yet power plants supplied by General Electric, one of Barack Obama’s biggest campaign contributors, have received an EPA waiver and will not be subject to the regulations.
All this will of course lead to significantly higher utility bills for U.S. citizens, who are being assaulted with more expenses even as the threat of a double-dip recession lowers living standards and the devalued dollar buys less and less each day while food stamp usage hits record highs.
“Wisconsin Public Service Corp. of Green Bay said its residential customers can expect an increase of more than $4 a month next year, including about $2 linked to the new rules designed to limit air pollution from coal-fired power plants,” reports the Milwaukee-Wisconsin Journal Sentinel.