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Proposal could hike electricity rates despite lower fuel costs - Houston Chronicle
Consumers are enjoying lower electricity prices because of the plunge in the price of natural gas often used to generate it.
State regulators, however, are contemplating new rules that could send consumer retail prices up again.
The Public Utility Commission of Texas is considering raising the cap on the price at which generators can offer to sell electricity on the wholesale market, as an incentive for them to build more plants.
By lifting the cap, regulators are helping increase potential revenues for generators.
"If the PUC's plan does not work and no new capacity is built, what do we do?" Biedrzycki (executive director of Texas Ratepayers' Organization to Save Energy) said.
"As far as I know, there is no provision in the law for the commission to order that new plants be built."
Irrational hatred of the President seldom allows rational responses.
Now you know why this President is responsible for the slowest recovery from a recession in American history......
He could care LESS about jobs.
It's all about his agenda.
This thread hangs around like a hemmhroid. It's been proven that no New Obamy regs are involved and the 3,900 jobs lost never existed anywhere but on some paper proposal. End of story. The power plant proposal was killed by GWShiiteForBrains era regulations. Ain't that surprising?
Now you know why this President is responsible for the slowest recovery from a recession in American history......
He could care LESS about jobs.
It's all about his agenda.
How about a rational contempt for his policies? Obama's major problem seems to be an inability to sell his irrational Chicken Little responses to miniscule problems which could be more effectively addressed without the police state he is pushing.
Now I understand why Obama didn't mention jobs in his speech the other day.
Obama EPA kills power plant, 3,900 jobs in Texas | WashingtonExaminer.com
Politico described the paper as "a megaphone for [Anschutz's] right-wing views on taxes, national security and President Barack Obama."[4] The Examiner's parent company, Clarity Media Group, also owns the conservative opinion magazine The Weekly Standard.[5] The Examiner co-sponsored the Republican presidential debate in Ames, Iowa on August 11, 2011.
The air quality issue culminated in July, when Travis County District Court Judge Stephen Yelenosky ordered the TCEQ to take a more in-depth look at the permit, particularly where it addressed the way the company planned to handle, store and transport petroleum coke onto the site, and the commission’s failure to review the plant according to the latest National Ambient Air Quality Standards.
The plant was given an air permit in January 2011 by the TCEQ. A challenge to that permit was brought by a coalition of environmental groups, including the Sierra Club, the Environmental Defense Fund (EDF), the Corpus Christi Clean Economy Coalition, and several Texas cities. Now Judge Yelenosky has ruled in those groups’ favor, reversing the air permit.
In his May letter, the judge found several things wrong with how the TCEQ processed the permit, and said it failed to meet the requirements of the Clean Air Act, among other issues. Tuesday’s order lays out in detail what the TCEQ did wrong. The TCEQ would not agree to an interview about the ruling, and would only give StateImpact Texas a prepared statement.
Well, Get ready and hold of to your wallet Cap....Obama, and Progressives have a surprise for you....
"Last week the U.S. Energy Information Administration reported a shocking drop in power sector coal consumption in the first quarter of 2012. Coal-fired power plants are now generating just 36 percent of U.S. electricity, versus 44.6 percent just one year ago.
It’s the result of an unprecedented regulatory assault on coal that will leave us all much poorer.
Last week PJM Interconnection, the company that operates the electric grid for 13 states (Delaware, Illinois, Indiana, Kentucky, Maryland, Michigan, New Jersey, North Carolina, Ohio, Pennsylvania, Tennessee, Virginia, West Virginia and the District of Columbia) held its 2015 capacity auction. These are the first real, market prices that take Obama’s most recent anti-coal regulations into account, and they prove that he is keeping his 2008 campaign promise to make electricity prices “necessarily skyrocket.”
The market-clearing price for new 2015 capacity – almost all natural gas – was $136 per megawatt. That’s eight times higher than the price for 2012, which was just $16 per megawatt. In the mid-Atlantic area covering New Jersey, Delaware, Pennsylvania, and DC the new price is $167 per megawatt. For the northern Ohio territory served by FirstEnergy, the price is a shocking $357 per megawatt.
Why the massive price increases? Andy Ott from PJM stated the obvious: “Capacity prices were higher than last year's because of retirements of existing coal-fired generation resulting largely from environmental regulations which go into effect in 2015.” Northern Ohio is suffering from more forced coal-plant retirements than the rest of the region, hence the even higher price.
These are not computer models or projections or estimates. These are the actual prices that electric distributors have agreed to pay for new capacity. The costs will be passed on to consumers at the retail level.
Read more: Obama
Well, Get ready and hold of to your wallet Cap....Obama, and Progressives have a surprise for you....
"Last week the U.S. Energy Information Administration reported a shocking drop in power sector coal consumption in the first quarter of 2012. Coal-fired power plants are now generating just 36 percent of U.S. electricity, versus 44.6 percent just one year ago.
It’s the result of an unprecedented regulatory assault on coal that will leave us all much poorer.
and the Republican minority in the Senate has nothing to do with the problem? :roll:
Hint: people moving to other sources of power because they are cheaper is not some government plot.
But people moving to more expensive sources of power because of a government mandate is a government plot.
That is not the problem.
and the Republican minority in the Senate has nothing to do with the problem? :roll:
The history of the filibuster, in one graph
You don't have to like the source, just look at the numbers, you don't like the numbers - then you need to provide different ones.
<snip>
Funny that - they call him a dictator yet at the same time say he gets nothing done. Haven't they ever heard of cognitive dissonance or the Orwellian meme? - "We've always been at war with Eastasia"
The Republican minority in the Senate is keeping the problem from getting worse, but we will need the White House and a majority in the Senate before we can begin to make any serious progress against the disaster that Obama-Reid-Pelosi hath wrought.
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