New Analysis Underscores Power Plan’s Costly Consequences

WASHINGTON — “Energy policy needs to ensure all Americans have affordable and reliable electricity to meet everyday challenges and to help build a strong foundation of economic success. Regardless of where you stand politically, this plan fails to meet that threshold.”

Washington, D.C. – New analysis from NERA Economic Consulting shows the Environmental Protection Agency’s power plan comes with a hefty price tag that could approach $300 billion and raise electricity prices in each of the 47 states subject to the new regulation. Despite these enormous costs, the rule does nothing to prevent global climate change.

“This analysis makes it abundantly clear the president’s power plan will result in higher electricity prices and delivers a sharp wake-up call to states and consumers,” said Mike Duncan, ACCCE president and CEO. “Common sense tells us that with 27 states seeking judicial action to stop this plan from being implemented there is reason enough for EPA to take this rule off the table. Sadly, however, common sense isn’t prevailing and as result Americans’ economic well-being and livelihoods are at risk.”

Despite the fact that the president’s plan will have virtually no effect on climate change, NERA’s analysis shows that all of the Lower 48 states will see electricity price increases because of the rule. Consumers in 40 states could see double-digit electricity price increases, and 28 states could face electricity price spikes greater than 20 percent. The annual cost of at least $30 billion per year for the plan is three times greater than the cost of EPA’s Mercury and Air Toxics rule, which the U.S. Supreme Court criticized by saying, “It is not rational … to impose billions of dollars in economic costs in return for a few dollars in … benefits.”

“Energy policy needs to ensure all Americans have affordable and reliable electricity to meet everyday challenges and to help build a strong foundation of economic success. Regardless of where you stand politically, this plan fails to meet that threshold,” Duncan said.

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SAVE THE DATE — WE NEED YOU THERE TO HELP SAVE YOUR JOBS!

The federal Office of Surface Mining (OSM) will hold a public hearing in Charleston on Thursday, September 17, 2015 on what they’re calling the Stream Protection Rule (SPR), which is actually the Stream Buffer Zone Rule and is a complete “rewrite” of the federal surface mining act to the detriment of the mining industry and landowners across the country.  This hearing will be held at the Charleston Civic Center, beginning at 5:00 p.m.   The actual hearing will not begin until 6:00 p.m., but we need to have plenty of miners, suppliers, their families and supporters there early to insure we get signed up to speak before others.   Prior to the Charleston hearing, there will be hearings (noted below) in Pittsburgh and Big Stone Gap, VA, which also need strong industry participation.  The earlier hearings in Denver and Lexington, KY have been successful with good industry presence and involvement.
We’re already hurting badly enough, without them “piling on” with more over-reaching regulations.  And, these really over-reach as they will make it virtually impossible to get a new mining permit, renew the ones we currently have or continue operations in any sense.  WE NEED YOUR HELP!  Please RESERVE THE DATE and plan to be in Charleston on the 17th to help us protect our jobs from this latest attack by Obama’s War on Coal!

  • Thursday, September 17, 2015
    City: Charleston, WV
    Location: Charleston Civic Center
    200 Civic Center Dr., Charleston 25301
    Time: 5:00 p.m. – 9:00 p.m.

If you can’t make it to the Charleston event, here are the dates and sites for the other hearings in our region.

  • Thursday, September 10, 2015
    City: Pittsburgh, PA
    Location: Double Tree by Hilton Hotel Pittsburgh
    500 Mansfield Ave., Pittsburgh 15205
    Time: 5:00 p.m. – 9:00 p.m.
  • Tuesday, September 15, 2015
    City: Big Stone Gap, VA
    Location: Mountain Empire Community College
    3441 Mt. Empire Rd., Big Stone Gap 24219
    Time: 5:00 p.m. – 9:00 p.m.