Thread: Living In A Utopia Is Expensive: Obama Official Predicts 80 Percent Spike In Energy C

Living In A Utopia Is Expensive: Obama Official Predicts 80 Percent Spike In Energy Costs Due To Clean Coal Rules

February 11, 2014 by Sam Rolley

An Obama Administration official told House lawmakers that the President’s new clean coal rules could increase wholesale electricity prices by as much as 80 percent.
During a Congressional hearing on Tuesday, Julio Friedmann, the deputy assistant secretary of the Energy Department, told lawmakers that costs associated with installing the first generation of carbon capture and storage (CCS) technologies on new coal power plants would be responsible for the energy price spike.
“The precise number will vary, but for first generation we project $70-90 per ton (on the wholesale price of electricity),” Friedmann said. “For second generation, it will be more like a $40-50/ton price. Second generation of demonstrations will begin in a few years, but won’t be until middle of the next decade (2022-2025) that we will have lessons learned and cost savings.”
The Administration official said that the Energy Department needs government support to attract private investment in the first generation of clean coal plants, adding that second generation clean coal plants will perfect the new technology and eventually bring down energy costs.
Critics of the clean coal plan argue that the Obama Administration is requiring new coal plants to install unproven technology that will eventually lead to the demise of the American coal industry.
“By requiring CCS, EPA is placing a de facto ban on the construction of new coal-fueled power plants, handing over leadership of the development of CCS, and an estimated $1 trillion in economic benefits, to countries like China,” said Laura Sheehan, spokeswoman for the American Coalition for Clean Coal Electricity.

http://personalliberty.com/2014/02/1...an-coal-rules/

http://www.alipac.us/f19/power-plant...ooking-297431/