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New EPA regulations force five power plants to shut down

June 9, 2011

  Can you say Atlas Shrugged? Where is Dagney Taggart when you need her?

  When Barack Obama was running for president he had the following to say about coal plants and his cap and trade policy:

So, if somebody wants to build a coal plant, they can — it’s just that it will bankrupt them, because they are going to be charged a huge sum for all that greenhouse gas that’s being emitted

  Barack Obama identified an industry which he was hostile to and promised to put them out of business, and now it is happening as American Electric Power has announced it will shut down five coal powered plants and spend billions of dollars because of new upcoming EPA regulations.

Utility giant American Electric Power said Thursday that it will shut down five coal-fired power plants and spend billions of dollars to comply with a series of pending Environmental Protection Agency regulations.

 

Rep. Shelley Moore Capito (R-W.Va.) and Sen. Joe Manchin (D-W.Va.) immediately pounced on AEP’s announcement.

“This is a perfect example of the EPA implementing rules and regulations without considering the devastating impact they may have on local economies and jobs,” Capito said. 

Capito said she will write a letter to EPA Administrator Lisa Jackson asking whether the agency took into account the economic impact of its regulations.

“Let me be clear, it’s decisions like the one made by AEP today that demonstrate the urgent need to rein in government agencies like the EPA, preventing them from overstepping their bounds and imposing regulations that not only cost us good American jobs, but hurt our economy,” said Manchin, an outspoken critic of the EPA.

  This is exactly what Barack Obama envisioned when he was running for president as is evidenced his quote above, but this is even more insidious in light of the fact that Barack Obama’s cap and trade policy–which was designed to bankrupt the coal industry–never passed the Congress and was never signed into law.

  Because Barack Obama failed to push his radical cap and trade agenda through the Congress using the constitutional procedure the EPA has taken it upon its back to implement Barack Obama’s agenda through dictate, and here we have the first victims of the new regulations before they even go into effect.

  With less plants producing power the price of energy will “necessarily skyrocket” and that is something that Barack Obama promised would happen if he were elected president–at least he is keeping one promise he made during the campaign.

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27 Comments leave one →
  1. June 9, 2011 10:34 pm

    The regs will actually cost coal about $180 billion. Of course, during the campaign, Obama said one of his goals was to put coal out of business by taxing it to death:

    “So, if somebody wants to build a coal plant, they can — it’s just that it will bankrupt them, because they are going to be charged a huge sum for all that greenhouse gas that’s being emitted.”

    $180 billion:

    http://www.thegatewaypundit.com/2011/06/obamas-epa-regulations-will-cost-coal-industry-200-billion-cause-electricity-rates-to-skyrocket/

    Like

    • June 10, 2011 6:07 am

      His plan appears to be coming together.

      Like

  2. riotw permalink
    June 10, 2011 12:11 am

    wonder if he understands how many people make their taxed wages at the outages that coal plants have every year.. Most do 2 outages a year, just wondering if Obama has thought about the other people who depend on those power plants for income, and not just the operators

    Like

    • June 10, 2011 6:09 am

      Obama hasn’t thought about the long term effects of most of his policies, that is why we always get those “unintended consequences” or as in this case the intended consequences.

      Like

      • Joel permalink
        July 1, 2011 1:52 pm

        Of course he has thought about it, IT’S DELIBERATE. It has all been planned. They make it appear as if it’s unintended or accidental, that the predatory ruling class and government just don’t know how to run things because they’re inept and the media tows the line but this is not true. We’re talking about the smartest people in the world and behind their phony, supercilious smiles and humanitarian rhetoric they wage war on the peasantry.

        Like

  3. June 10, 2011 12:51 am

    Well done. and now if only main stream media would let the rest of the world know.

    somewhat related, in this economy, I today tried to replace a less than five year washing machine. It had to be front load so it could stack, and any option was more than twice what I paid five years ago. I told the salesmen that it seemed the newer the machine the shorter the lifespan, so what would a service contract be $250.00!!!!!!!!!!!!!!! I asked what is going on, this seemed insane, and he said, blame Obama. Apparently, due to O imposed new regs on all appliances must be in compliance by 2014, and everyone is scrambling to make all these appliances comply, and spending fortunes to do so. Thus a once $500. washer is now about $1,000. and a once $50. contract is now $500.

    The reason for the spike in the latter: The new appliances REQUIRE maintenance, above and beyond what the old contracts were designed for, i.e., the occasional lemon, so all new ONGOING costs are built in due to the necessity of maintenance, above and beyond that we have to pay twice as much for the machines that our parents used to get 17- 20 plus years from. Plan on that for every appliance should one break while your un or under employed.,

    Like

    • June 10, 2011 12:54 am

      Yikes. Late at night and don’t know how to edit my comment. Please excuse the many missing word and incoherency in the above.

      Like

      • June 10, 2011 6:11 am

        No problem, you can’t edit your comment but I understand what you were saying and I heard this about the washing machines as well. It seems that Obama’s environmental policies are going to affect many of us on levels we didn’t even foresee–I wonder if Obama foresaw this?

        Like

  4. June 10, 2011 1:17 am

    Well as a union Boilermaker that depends on outages as my main source of income in the spring and fall this information scares the crap out of me..The local plants already have shortened their outages to the point that work is really hard to come by making it hard to keep the bills paid up…They can make them cleaner burning but most people don’t hear about this

    Like

    • June 10, 2011 6:14 am

      Unfortunately you work in an industry which the president of the United States has targeted for elimination. It is a scary thought to have such an anti-business man in the White House.

      Like

    • riotw permalink
      June 10, 2011 6:31 am

      I too am a boilermaker, and I have seen sites go from3 an 4 week outages to just 1 week spring and 1 week fall outages. I was hoping they would all just install the newer scrubbers, but plant managers across the board are saying they don’t have the funds. Since the California price fixing scam most of these companies are regulated to death. Then you have to remember the Clinton years and all the peak season gas fired package boilers that were built with the aid of federal funds.. Those will not last long when the grid starts needing them on line for longer periods. One reason they wont last is the Chrome, it was all manufactured in China, we have no chrome made in this country. The chrome is made in China has not been heat stressed correctly, they had a main steam line blow in Florida, didn’t kill anybody,but one blew in another country and killed 2..now these peaking season plants are having to test their chrome every 2 years to make sure the integrity isn’t compromised . The chrome plants here shut down within 2 years of the Clintons taking office. Even Greenly Tube went out of business.. One of the top metallurgist told me there is no way to make the Chinese company pay, they can’t even find out who to blame over there, and file a complaint… LOL gotta love it..But wait till those things have to run for 40 or 50 days , and people start getting killed… Then there will be millions of EPA bunny huggers whining and crying because they have to ration their power or they have to go without period.. another question, O is pushing the electric car, well if these plants start dropping out of service, where are they going to get the power to charge the electric cars??

      Like

  5. June 10, 2011 2:46 am

    Even with bipartisan opposition Obama barrels ahead with his agenda. He’ll throw anybody under the bus. Of course, his agenda is to throw America under the bus.

    Like

    • June 10, 2011 6:16 am

      And he is doing a great job of it.

      Like

  6. Phillip Otto permalink
    June 10, 2011 4:15 am

    Finally some Dem’s step up? Highly doubtful. Remember it’s Election season. If the good Rep. want’s to, since she’s a purse-holder, let her introduce legislation that “severely” limits the EPA’s budget? If you have no money to enforce, you are out of business! I*’m waiting to see her bill.

    Like

    • June 10, 2011 6:17 am

      Defunding the EPA would be a great idea, but it isn’t going to happen.

      Like

  7. June 10, 2011 8:20 am

    An excellent post and excellent comments.Obama is hell bent on bringing about the economic collapse of America and it seems nobody in Congress has the cajones to stop him. He once said he was willing to be a one term President if he could get all of his agenda implemented. we are like sheep being led to slaughter.

    Like

    • June 11, 2011 7:49 am

      Thanks, and you are right. This is all being done on purpose, he wants this to happen. When is the Congress going to step up and do something about this?!

      Like

  8. bunkerville permalink
    June 10, 2011 5:18 pm

    Total insanity. WHen wil the GOP speak up pray tell?? Start running some ads guys.

    Like

    • June 11, 2011 7:50 am

      It had better be soon or it may be too late.

      Like

  9. June 10, 2011 9:14 pm

    This also goes back to the fact that we ought to listen to what people are saying. He said he would do this. And for once, he’s making good on a promise.

    Like

    • June 11, 2011 7:51 am

      All people had to do was listen to WHAT he said, not HOW he said it. People were not really interested in the true Obama and now they are finding out exactly what he is all about.

      Like

  10. June 11, 2011 4:07 am

    Obamanation and his ilk are purposely destroying the American economy. Nothing else explains their idiocy.

    See ‘Cloward and Piven’.

    Aloha FSSF!

    Like

    • June 11, 2011 7:52 am

      Exactly!

      Like

  11. brady permalink
    June 30, 2011 12:13 pm

    but yet their profits raise 25% in the 3rd quarter….hmmmm

    Like

  12. brady permalink
    June 30, 2011 12:14 pm

    http://www.advfn.com/nyse/StockNews.asp?stocknews=AEP&article=44842155&headline=american-electric-3q-profit-up-25-as-output-increases

    Like

  13. brady permalink
    June 30, 2011 12:18 pm

    Environmental Regulations May Spur Power Market Recovery

    By Naureen S. Malik Of DOW JONES NEWSWIRES New U.S. environmental regulations could prove far more expensive for power companies than the government projected, but the changes also may speed up a recovery for the whole industry. The Obama administration proposed a rule in March to cut toxic air emissions by 91% at coal-fired power plants in 2015 as a way to improve the environment and reduce health-care costs. It could arguably be the most cumbersome of the upcoming environmental rules because companies may be required buy costly new equipment for plants or shut them down, industry executives have said. Federal regulators are also expected to layer on other air and water restrictions next year. Altogether, these rules are the “most demanding in the last decade” and could fuel a recovery in an oversupplied market, said UBS Investment Research analyst Julien Dumoulin-Smith. You can read on from here….http://www.advfn.com/nyse/StockNews.asp?stocknews=AEP&article=47653907&headline=environmental-regulations-may-spur-power-market-recovery

    Like

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  1. Democrat Senator decries the EPA’s expansion of power « America's Watchtower

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