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A New Study Details Just How Much the Obama Administration's 'Clean Power Plan' May End up Costing Consumers


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(OPEN):
IN AUGUST, THE OBAMA-ADMINISTRATION ISSUED ITS "CLEAN-POWER PLAN"--WHICH AIMS TO REDUCE CARBON-EMISSIONS FROM POWER-PLANTS.  HOWEVER, A NEW STUDY DETAILS JUST HOW MUCH IT MAY END UP COSTING CONSUMERS.  TERRY JARRETT IS A FORMER COMMISSIONER WITH THE "MISSOURI PUBLIC-SERVICE COMMISSION"...

(JARRETT):
"
BY THE YEAR 20-30, THE PLAN COULD CAUSE AN INCREASE IN WHOLESALE ELECTRICITY-PRICES OF WELL OVER 200-BILLION DOLLARS--WITH 46 STATES POTENTIALLY SEEING DOUBLE-DIGIT INCREASES.  IN ATTEMPTING TO TRANSFORM THE ELECTRICITY-SYSTEM, THE E-P-A HAS SET AN EMISSIONS-TARGET THAT WILL DESTROY ENOUGH POWER-PLANTS TO SUPPLY 23-MILLION HOMES WITH ELECTRICITY.  IT ALSO HAS UNDERESTIMATED THE PENALTY THAT CONSUMERS WILL PAY TO REPLACE LOWER-COST, COAL-GENERATED ELECTRICITY WITH HIGHER-COST, AND MORE-VARIABLE, POWER-SOURCES.  WHAT'S MORE, THE PLAN MANDATES--FOR EACH STATE--TARGETS FOR REDUCING EMISSIONS THAT MANY WON'T BE ABLE TO REACH.  AND, JUST TRYING TO REACH THOSE TARGETS WILL BE EXTREMELY COSTLY, FOR FAMILIES AND BUSINESSES ALIKE.  THE FINANCIAL-IMPACT FOR ALL CONSUMERS OF ELECTRICITY WILL BE SIGNIFICANT--AND SHOULD BE CAREFULLY WEIGHED, AS STATES CONSIDER HOW TO PROCEED."

(CLOSE):
THE REPORT WAS PRODUCED BY "ENERGY-VENTURES ANALYSIS", ON BEHALF OF THE "NATIONAL MINING ASSOCIATION".



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