By Kenric Ward | Watchdog.org Virginia Bureau
The Environmental Protection Agency’s Clean Air Plan will boost Virginia’s electric rates 25 percent and eliminate 38,000 jobs in the state, a new study predicts.
“These EPA rules are aimed at reducing carbon dioxide emissions from producers of coal power plants by either shutting them down or making their cost uncompetitive in the marketplace,” stated the report released Tuesday by the Thomas Jefferson Institute for Public Policy and the Beacon Hill Institute.
“If the electricity production from coal is eliminated, the diversity of the electricity supply sources will fall and become more dependent on natural gas and its price fluctuations. If the new expensive and untested carbon capture and sequestration technology is adopted electricity prices will increase.”
Researchers said higher electricity costs would “threaten the state’s industrial base.” Continue reading