When Kentucky’s Governor Steve Beshear met with President Barack Obama last Thursday, he made a point of telling him that Kentucky’s economic lifeblood depends upon the reasonable regulation of coal production. The Governor and President met at the Northern Kentucky airport shortly before the President’s speech near the Brent Spence Bridge in Cincinnati.
The Governor reminded the President that the EPA’s continued and unexplained shifting of regulations regarding coal mining jeopardizes thousands of Kentucky jobs and causes detrimental ripple effects in other state job sectors – especially manufacturing.
“Coal is not only a vital national resource, but coal mining also supports thousands of Kentucky families,” said Gov. Beshear. “These arbitrary changes in EPA guidelines cause unnecessary and costly delays in permitting, which compromise jobs and investments. It’s time for the EPA to end these unpredictable policy swings and work with us on a reasonable policy that protects our families.”
As the U.S. House of Representatives prepares to vote on the TRAIN Act, the American Coalition for Clean Coal Electricity, released a comprehensive analysis conducted by National Economic Research Associates (NERA) showing that several of EPA’s new and proposed regulations would lead to 183,000 lost jobs per year and significant increases in the price of electricity and natural gas.
“America’s coal-fueled electric industry has invested nearly $100 billion, so far, to achieve impressive reductions in air pollution. Now is the wrong time for EPA to blindly push ahead without even pausing long enough to understand how all of these rules could hurt American jobs and consumers,” said Steve Miller, president and CEO of ACCCE.
The analysis, done on behalf of ACCCE by NERA, relies on state-of-the-art modeling tools, as well as government data for almost all of its assumptions. NERA’s analysis projects that EPA’s Cross-State Air Pollution Rule and proposed Maximum Achievable Control Technology, coal combustion residuals, and cooling water intake requirements for power plants would, over the 2012-2020 period:
- Cost the power industry $21 billion per year;
- Cause an average loss of 183,000 jobs per year;
- Increase electricity costs by double digits in many regions of the U.S.;
- Cost consumers over $50 billion more for natural gas; and
- Reduce the disposable income of the average American family by $270 a year.
At the same time, the Environmental Protection Agency has said new greenhouse gas regulations, as proposed, may be “absurd” in application and “impossible to administer” by its self-imposed 2016 deadline. But the agency is still asking for taxpayers to shoulder the burden of up to 230,000 new bureaucrats — at a cost of $21 billion — to attempt to implement the rules.
Obama: My Plan Makes Electricity Rates Skyrocket
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