Report: Electricity Prices in U.S. about to Go Higher – Video of Obama Promising this in 2008

Obama promised in 2008 (see above) that his policies would “necessarily” cause electricity prices to “skyrocket.” His war on coal and radical regulations appear to be contributing to that becoming reality:

THE DAILY BEAST: Already weary of high gas prices and 9.1 percent unemployment, many Americans are about to get another kick in the wallet thanks to large increases in their electricity bills.

From Alaska to Georgia and Wyoming to Florida, utilities are seeking permission to pass on hundreds of millions of dollars in new charges to customers to help upgrade aging infrastructure and build new or retrofitted power plants that comply with tougher environmental regulations, a Daily Beast review of regulatory filings has found. . . .

Utilities also are facing more stringent environmental regulations. The Environmental Protection Agency is considering a variety of new rules that would affect electricity generation, essentially forcing utility companies to shutter their coal plants or invest hundreds of millions in scrubbers that remove toxins from the air. Many of these proposed changes are court-ordered and required under the Clean Air Act.

In July, the agency finalized its Cross-State Air Pollution Rule in an effort to cut sulfur-dioxide and nitrogen-oxide emissions after the Bush administration’s plan was thrown out by a judge. Earlier this year, the EPA proposed national standards for mercury pollution from power plants. It’s also working on a controversial plan to regulate carbon dioxide as a pollutant. . . . Read More