Obama’s war on coal hits your electric bill

Obama’s war on coal hits your electric bill

PostBy: grumpy On: Tue May 22, 2012 6:09 pm

The market-clearing price for new 2015 capacity – almost all natural gas – was $136 per megawatt. That’s eight times higher than the price for 2012, which was just $16 per megawatt. In the mid-Atlantic area covering New Jersey, Delaware, Pennsylvania, and DC the new price is $167 per megawatt. For the northern Ohio territory served by FirstEnergy, the price is a shocking $357 per megawatt.

Read more: http://www.foxnews.com/opinion/2012/05/ ... z1vdg3N9AP
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Re: Obama’s war on coal hits your electric bill

PostBy: coalnewbie On: Tue May 22, 2012 6:43 pm

Of course, Obama could veto the resolution and keep the rule intact, although that would force him to take full political responsibility for the massive impending jump in electricity prices.


Do you think that would stop him? Come on Sam let's blame Bush or spin some nonsense that these power stations were going to close anyway. America was born on cheap energy and dies when the price skyrockets. Knock on inflation will be felt in a thousand ways.
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Re: Obama’s war on coal hits your electric bill

PostBy: Lightning On: Tue May 22, 2012 6:46 pm

Guess I'll be tapping into that stream close by my house for a micro-hydro electric generation system.. :idea:
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Re: Obama’s war on coal hits your electric bill

PostBy: coaledsweat On: Tue May 22, 2012 6:57 pm

Lightning wrote:Guess I'll be tapping into that stream close by my house for a micro-hydro electric generation system.. :idea:

LOL The EPA will get you too!
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Re: Obama’s war on coal hits your electric bill

PostBy: coalnewbie On: Tue May 22, 2012 7:06 pm

I'm clearing a field and I am going to grow daffodils that's about all that's left. Dr Chu will approve of me powering the farm on these as long as they are not endangered daffodils and I get EPA approval first which will take 25 years to get. Of course, flowers take take water to grow and all water sources will be controlled by then. I do have a plan B, feed the horses beer and have a bag behind to catch methane - lots of energy there. After that I will ride one into town..... bingo I will be rich. Wait a minute legislation will be coming that we can't catch our own rain water.... hmmm, will that extend to horse farts?
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Re: Obama’s war on coal hits your electric bill

PostBy: samhill On: Tue May 22, 2012 7:14 pm

CNB, I'm getting tired of putting out the info. to those that do not want to read or for some unknown reason refuse to comprehend but just for you I'll put this little tidbit out there. K indly notice the timelines, I'm not saying the EPA isn't cracking down but it's just like with gasoline, if it was cheap we would all be running gas guzzeling muscle cars until there was no longer any gas. The EPA sanctions have been coming for decades, billions of tax $s have been given to modernize or shut down & rebuild, some did just that others didn't. The party is coming to a end but don't worry word is Congress is gonna step in the only problem is we don't need those plants so some will shut anyway but not before getting more tax $s. For a bunch of Con's that want no Gov. regulations you sure don't seem to mind giving tax dollars for nothing.
http://www.netl.doe.gov/Keyissues/future_fuel.html
PS don't know about your horses ass but the cow thing has already been done & working well, get some of my electric from them. :o
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Re: Obama’s war on coal hits your electric bill

PostBy: coalnewbie On: Tue May 22, 2012 7:22 pm

None so deaf as those that won't listen. Sam you are a hopeless case.
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Re: Obama’s war on coal hits your electric bill

PostBy: rberq On: Tue May 22, 2012 7:45 pm

coalnewbie wrote:Come on Sam let's ... spin some nonsense that these power stations were going to close anyway.

Never mind that they WERE going to close anyway, let's not mention it.

And what exactly is the "market-clearing" price that Fox Yahoos cites?

My Dad used to say, "Open your mouth and close your eyes, and I'll give you something to make you wise". Even when I was five years old I didn't fall for that, but that's what Fox is asking you to do, just swallow whatever half-truths they print. Come on now, don't be duped so easily.

Put "PJM Interconnection 2015 capacity auction" into Google, and read some of the articles that aren't as blatantly biased as Fox Not News.
For example, the projection that rates will rise 10 percent by 2015 -- show me something that WON'T cost 10 percent more by 2015.
Or for example the portion of the rate increase that will simply boost utility profits.
Or for example the hints in industry newsletters that there was collusion involved in setting the rates.

Perhaps the key point is, the auction was for "capacity", not for "production" of electricity. The electric plant gets paid for capacity whether or not the capacity is used to make electricity. Capacity payments do not translate directly into rates that consumers pay, though you would not figure that out from the Fox Editorial Board of Liars.
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Re: Obama’s war on coal hits your electric bill

PostBy: samhill On: Tue May 22, 2012 8:49 pm

CNB, lets throw another question out there. How many times has the Gov. under anybody, even with a working Congress ever worked that fast on something short of a national security issue or a pay raise for themselves? By the way it may be news to you but even a totally deaf man can read. :lol:
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Re: Obama’s war on coal hits your electric bill

PostBy: Dann757 On: Wed May 23, 2012 1:24 am

Look at the libs, still here with their delusional obot mentality. Unbelievable. Talk about liberal denial it's mind-boggling.


http://www.foxnews.com/opinion/2012/05/ ... z1vdg3N9AP

Obama’s War On Coal Hits Your Electric Bill

By Phil Kerpen

Published May 22, 2012



Obama’s War on Coal has already taken a remarkable toll on coal-fired power plants in America.

Last week the U.S. Energy Information Administration reported a shocking drop in power sector coal consumption in the first quarter of 2012. Coal-fired power plants are now generating just 36 percent of U.S. electricity, versus 44.6 percent just one year ago.

It’s the result of an unprecedented regulatory assault on coal that will leave us all much poorer.
Last edited by Richard S. on Wed May 23, 2012 1:43 am, edited 1 time in total.
Reason: Do not quote entire articels and provide a link citing an article . See specicfics of what is acceptable here: http://nepacrossroads.com/about3435.html
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Re: Obama’s war on coal hits your electric bill

PostBy: Richard S. On: Wed May 23, 2012 1:46 am

rberq wrote:Put "PJM Interconnection 2015 capacity auction" into Google, and read some of the articles that aren't as blatantly biased as Fox Not News.
.


It's an opinion piece, that's not clear because it's the print version.

http://www.foxnews.com/opinion/2012/05/ ... tric-bill/

Phil Kerpen is president of American Commitment and author of “Democracy Denied.”

Richard S.
 
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Re: Obama’s war on coal hits your electric bill

PostBy: plumb-r On: Wed May 23, 2012 6:38 am

I think the sad part is if we are truly doing this to help stop global warming, selling our coal to a developing nation,(lets say China) isn't really helping the planet because they can'nt burn it cleaner than we can. So the bottom line is who benifits from getting us off coal? Anybody got a good answer for that. :mad:
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Re: Obama’s war on coal hits your electric bill

PostBy: samhill On: Wed May 23, 2012 8:14 am

Plumb-r, I believe they are commonly referred to the 1% even if it goes on down with the so called trickle effect. You can tell when the "trickle pot" is getting too full, Wall St. will fart & the common stocks , 401s, retirement funds & the like are gone with the wind. :cry:
The abundance of gas & the almost no regulation of the fracking process is what is killing coal fired plants along with their being allowed to run down & it's all planned, nothing happens overnight. Another interesting read for anyone that can that & look up where the biggest U.S. Banks are investing but not really publishing that fact, you got to dig.
http://www.energyandcapital.com/report/ ... esting/153
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Re: Obama’s war on coal hits your electric bill

PostBy: Richard S. On: Wed May 23, 2012 11:02 am

plumb-r wrote:I think the sad part is if we are truly doing this to help stop global warming,


That may be the ulterior motive but the reason for the regualtions closing these plants now is mercury reduction.


selling our coal to a developing nation,(lets say China) isn't really helping the planet because they can'nt burn it cleaner than we can. So the bottom line is who benifits from getting us off coal? Anybody got a good answer for that. :mad:


In this case certainly not us. Even if we eliminated all coal plants the benefits are minimal because US coal plants only account for 1% of the global mercury pool. With these new regualtions this is what is expected:

Regulatory Impact Analysis for the Final Mercury and Air Toxics Standards


The average effect on individual avoided IQ loss in 2016 is 0.00209 IQ points, with total nationwide benefits estimated between $0.5 and $6.1 million.


Economic Valuation of Human Health Benefits of Controlling Mercury Emissions from U.S. Coal-Fired Power Plants

Changes in mercury deposition rates associated with reductions in power plant
mercury emissions are based on regional deposition modeling results from the EPA's
analysis of the Clear Skies Initiative. In its analysis, the EPA simulated current mercury
deposition rates and the changes in these rates that would result if power plants
reduced their mercury emissions from the current rate of 49 tons per year to either 26 or
15 tons per year. We used these predictions to estimate changes in deposition rates for
the freshwater regions, the Atlantic Coastal Region, and the Gulf of Mexico. Estimated
decreases range from approximately 1% to 10%.
The change in deposition rates to the
All Other Waters region is assumed to be proportional to the change in total global
emissions that would result from U.S. power plant emissions reductions, which is less
than 1%.
Richard S.
 
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Re: Obama’s war on coal hits your electric bill

PostBy: Richard S. On: Wed May 23, 2012 11:06 am

samhill wrote:The abundance of gas & the almost no regulation of the fracking process is what is killing coal fired plants.....


Sam that's one factor but the fact is they simply cost more to build making NG more competitive and you have uncertainty in the industry about what they are going to pile on next.
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