| Latest EPA Rule Cost Jobs, Raises Energy Costs|
Posting Date: 06/03/2014
WASHINGTON, D.C. – Congressman Bob Latta (R-OH), member of the House Energy and Commerce Committee's Energy and Power Subcommittee, today issued the following statement in response to the Environmental Protection Agency’s (EPA) release of its greenhouse gas regulations for existing power plants.
"The EPA’s latest billion-dollar regulation on existing power plants is an unprecedented regulatory intrusion with far reaching consequences for the American people," said Latta. "This regulation is another attack on low-cost, reliable energy that will cost thousands of U.S. jobs, make electricity more expensive and curb economic growth. Coupled with the EPA’s new source regulations proposed last fall, the coal industry is on a path toward early extinction. This will be especially harmful in places like Ohio where 70
percent of our power comes from coal and we’ve already lost 41 units to early retirement or conversion as a result of previous regulations."
Last week, the U.S. Chamber’s Institute for 21st Century Energy released a report laying out the projected impacts of a preliminary version of today’s regulation on existing power plants and the proposed regulation for new power plants. That report concluded that the combined regulations for new and existing power plants would lead to a loss of 224,000 U.S. jobs on average every year through 2030. The report further concluded that electricity costs will increase by $289 billion through 2030, ultimately lowering American households’ disposable income by $586 billion. A copy of the full report can be found here.
|Posted Date: 06/03/2014|
Whatever he wants to say I didn't vote for him we as consumers try to conserve but the utilities keep on going up so therefore seems like if you use less you pay more because they need to take care of there shareholders
|Posted Date: 06/04/2014|
Oh my gosh...Why are we paying so much for water and sewer? EPA unfunded mandates. Why will we be paying much much more for utilities in general? EPA and their power to shut down power plants if they don't comply with THEIR mandates! I'm all for a clean planet, but the EPA is out of control! We power Ohio primarily with coal, and there is no easy replacement for that. If you think renewables are the answer, you are living in a dream world. Renewables might work in the future, but they are not feasible now.
To address your hatred of businesses making money just for keeping their shareholders happy...yes, businesses uses money from the private sector to grow their business. Many pay investors interest on that money, and others just rely on the share price to increase the value of the equities. It takes money to grow a business, and there are many ways to make that growth happen. If the company doesn't pay well for the investment, the investors will find other avenues to make money. If the company doesn't grow, the investors will also leave, and the company will suffer. A company has to make money to survive.
By: Mark Povenmire
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