Obama’s EPA Will Cause Electricty Rates To Sky Rocket And Kill Jobs

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“With unemployment unacceptably high and a new onslaught of Environmental Protection Agency (EPA) regulations about to crash into a stumbling economy, now is the time for the Republican Majority in the House of Representatives to end the EPA’s regulatory madness.  In the face of our daunting economic challenges the EPA is advancing new rules under the Clean Air Act that will dramatically increase the compliance costs for coal burning utilities.  The costs of the EPA’s actions against industry and the economy are real. In anticipation of the EPA’s new requirements, American Electric Power (AEP), an Ohio based utility, announced in June it was closing five power plants and will be scaling back operations at six additional facilities. AEP estimated that its actions will cost about 600 jobs that generated approximately $40 million in annual wages.

Naturally, AEP will pass on the additional compliance costs to its consumers, who will bear the brunt of EPA’s burden through higher electricity prices.”

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