Obama Regulations To Shut Down 40 Percent Of Nation’s Electricity

Monday, January 20, 2014
By Paul Martin

by: Daniel Jennings
Offthegridnews.com
January 20, 2014

Obama administration regulations could force power plants that make 40 percent of the nation’s electricity to shut down.

At issue are EPA restrictions on emissions that would close hundreds of coal-burning power plants which represent around 40 percent of the nation’s electricity.

If that wasn’t bad enough, some observers think the regulations could double electricity rates for average households. The rates would increase because utilities would have to pass the cost onto ratepayers of replacing coal burning power plants or modernizing them to comply with the regulations.

The EPA rules — Carbon Pollution Standards for New Power Plants — are part of Obama’s plan to reduce greenhouse gas emissions which the agency says contribute to global warming.

Obama Admitted Plan Would Raise Electricity Rates

The Rest…HERE

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