Friday, 10 June 2011

In Passing

The EPA gets a three-fer


Kingsport Times-News:

American Electric Power on Thursday announced it plans to shut down several coal-fired power plants, convert or retrofit others, and cut as many as 600 jobs in the next few years to comply with regulations proposed by the U.S. Environmental Protection Agency...
...
Although some jobs would be created from the installation of emissions reduction equipment, AEP expects a net loss of approximately 600 power plant jobs with annual wages totaling approximately $40 million.
...
Businesses... will face the impact of electricity price increases ranging from 10 percent to more than 35 percent...
Hey, less energy capacity, higher prices for whatever’s left, job cuts... looks like Win! Win! Win!

(Via:  JimmieWearingFool)

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