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Living In A Utopia Is Expensive: Obama Official Predicts 80 Percent Spike In Energy Costs Due To Clean Coal Rules
Feb 11, 2014 19:24:48   #
bmac32 Loc: West Florida
 
February 11, 2014 by Sam Rolley

An Obama Administration official told House lawmakers that the President’s new clean coal rules could increase wholesale electricity prices by as much as 80 percent.

During a Congressional hearing on Tuesday, Julio Friedmann, the deputy assistant secretary of the Energy Department, told lawmakers that costs associated with installing the first generation of carbon capture and storage (CCS) technologies on new coal power plants would be responsible for the energy price spike.

“The precise number will vary, but for first generation we project $70-90 per ton (on the wholesale price of electricity),” Friedmann said. “For second generation, it will be more like a $40-50/ton price. Second generation of demonstrations will begin in a few years, but won’t be until middle of the next decade (2022-2025) that we will have lessons learned and cost savings.”

The Administration official said that the Energy Department needs government support to attract private investment in the first generation of clean coal plants, adding that second generation clean coal plants will perfect the new technology and eventually bring down energy costs.

Critics of the clean coal plan argue that the Obama Administration is requiring new coal plants to install unproven technology that will eventually lead to the demise of the American coal industry.

“By requiring CCS, EPA is placing a de facto ban on the construction of new coal-fueled power plants, handing over leadership of the development of CCS, and an estimated $1 trillion in economic benefits, to countries like China,” said Laura Sheehan, spokeswoman for the American Coalition for Clean Coal Electricity.



February 11, 2014 by Sam Rolley

An Obama Administration official told House lawmakers that the President’s new clean coal rules could increase wholesale electricity prices by as much as 80 percent.

During a Congressional hearing on Tuesday, Julio Friedmann, the deputy assistant secretary of the Energy Department, told lawmakers that costs associated with installing the first generation of carbon capture and storage (CCS) technologies on new coal power plants would be responsible for the energy price spike.

“The precise number will vary, but for first generation we project $70-90 per ton (on the wholesale price of electricity),” Friedmann said. “For second generation, it will be more like a $40-50/ton price. Second generation of demonstrations will begin in a few years, but won’t be until middle of the next decade (2022-2025) that we will have lessons learned and cost savings.”

The Administration official said that the Energy Department needs government support to attract private investment in the first generation of clean coal plants, adding that second generation clean coal plants will perfect the new technology and eventually bring down energy costs.

Critics of the clean coal plan argue that the Obama Administration is requiring new coal plants to install unproven technology that will eventually lead to the demise of the American coal industry.

“By requiring CCS, EPA is placing a de facto ban on the construction of new coal-fueled power plants, handing over leadership of the development of CCS, and an estimated $1 trillion in economic benefits, to countries like China,” said Laura Sheehan, spokeswoman for the American Coalition for Clean Coal Electricity.

Reply
Feb 11, 2014 21:46:53   #
Brian Devon
 
bmac32 wrote:
February 11, 2014 by Sam Rolley

An Obama Administration official told House lawmakers that the President’s new clean coal rules could increase wholesale electricity prices by as much as 80 percent.

During a Congressional hearing on Tuesday, Julio Friedmann, the deputy assistant secretary of the Energy Department, told lawmakers that costs associated with installing the first generation of carbon capture and storage (CCS) technologies on new coal power plants would be responsible for the energy price spike.

“The precise number will vary, but for first generation we project $70-90 per ton (on the wholesale price of electricity),” Friedmann said. “For second generation, it will be more like a $40-50/ton price. Second generation of demonstrations will begin in a few years, but won’t be until middle of the next decade (2022-2025) that we will have lessons learned and cost savings.”

The Administration official said that the Energy Department needs government support to attract private investment in the first generation of clean coal plants, adding that second generation clean coal plants will perfect the new technology and eventually bring down energy costs.

Critics of the clean coal plan argue that the Obama Administration is requiring new coal plants to install unproven technology that will eventually lead to the demise of the American coal industry.

“By requiring CCS, EPA is placing a de facto ban on the construction of new coal-fueled power plants, handing over leadership of the development of CCS, and an estimated $1 trillion in economic benefits, to countries like China,” said Laura Sheehan, spokeswoman for the American Coalition for Clean Coal Electricity.



February 11, 2014 by Sam Rolley

An Obama Administration official told House lawmakers that the President’s new clean coal rules could increase wholesale electricity prices by as much as 80 percent.

During a Congressional hearing on Tuesday, Julio Friedmann, the deputy assistant secretary of the Energy Department, told lawmakers that costs associated with installing the first generation of carbon capture and storage (CCS) technologies on new coal power plants would be responsible for the energy price spike.

“The precise number will vary, but for first generation we project $70-90 per ton (on the wholesale price of electricity),” Friedmann said. “For second generation, it will be more like a $40-50/ton price. Second generation of demonstrations will begin in a few years, but won’t be until middle of the next decade (2022-2025) that we will have lessons learned and cost savings.”

The Administration official said that the Energy Department needs government support to attract private investment in the first generation of clean coal plants, adding that second generation clean coal plants will perfect the new technology and eventually bring down energy costs.

Critics of the clean coal plan argue that the Obama Administration is requiring new coal plants to install unproven technology that will eventually lead to the demise of the American coal industry.

“By requiring CCS, EPA is placing a de facto ban on the construction of new coal-fueled power plants, handing over leadership of the development of CCS, and an estimated $1 trillion in economic benefits, to countries like China,” said Laura Sheehan, spokeswoman for the American Coalition for Clean Coal Electricity.
February 11, 2014 by Sam Rolley br br An Obama A... (show quote)



Let's see....do I honor the Koch brothers and go with cheap energy and extinction... or should I be an adult and go with an increase in energy prices???????

Apparently many fat capitalists believe in "useful i***ts".

BTW, did you know the Koch boys have their own private planet to go to...after they ruin this one for the rest of us??? You could have deduced that from their behavior...

Reply
Feb 12, 2014 00:06:31   #
bmac32 Loc: West Florida
 
My God your a damn fool! It has little to do with capitalists and much more with the way homes are heated, cooled and lit.

Of course it will hurt Koch but remember if they do under it will be year after you do. Your h**e will hurt millions before it touches them. Who needs more, Koch or millions of American families?



Brian Devon wrote:
Let's see....do I honor the Koch brothers and go with cheap energy and extinction... or should I be an adult and go with an increase in energy prices???????

Apparently many fat capitalists believe in "useful i***ts".

BTW, did you know the Koch boys have their own private planet to go to...after they ruin this one for the rest of us??? You could have deduced that from their behavior...

Reply
 
 
Feb 12, 2014 00:13:39   #
Brian Devon
 
bmac32 wrote:
My God your a damn fool! It has little to do with capitalists and much more with the way homes are heated, cooled and lit.

Of course it will hurt Koch but remember if they do under it will be year after you do. Your h**e will hurt millions before it touches them. Who needs more, Koch or millions of American families?



WTF???

Reply
Feb 12, 2014 07:31:01   #
bmac32 Loc: West Florida
 
Yeah WTF! What does Koch have to do with any of this? You drug them in not me. Fuel rates will hurt the average American badly!

Then you go off and say the Koch brother have a private planet, would that be like Obama think he's king? In other words just plain STUPID!


Brian Devon wrote:
WTF???

Reply
Feb 12, 2014 10:10:59   #
Brian Devon
 
bmac32 wrote:
Yeah WTF! What does Koch have to do with any of this? You drug them in not me. Fuel rates will hurt the average American badly!

Then you go off and say the Koch brother have a private planet, would that be like Obama think he's king? In other words just plain STUPID!


No. Its true. I read about the Koch's secret planet in World Net Daily and saw pictures of it on Fox news. Rush Limbaugh has already purchased a time share there.

Reply
Feb 12, 2014 12:26:03   #
bmac32 Loc: West Florida
 
Stay away from the heavy drugs, reds and greens are flowing together.



Brian Devon wrote:
No. Its true. I read about the Koch's secret planet in World Net Daily and saw pictures of it on Fox news. Rush Limbaugh has already purchased a time share there.

Reply
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