"President Barack Obama is mandating even steeper greenhouse gas cuts from U.S. power plants than previously expected, while granting states more time and broader options to comply...
LOSERS:
— YOUR POWER BILL
Although the administration predicts the plan will actually lower the average U.S. energy bill by almost $85 in 2030, companies that produce and distribute electricity aren't buying it.
The savings come from increased use of wind, power and hydro plants, which operate at a cost of close to zero after they're installed.
But acquiring and constructing renewable power sources is still very costly, making it less cost effective in many circumstances.
The National Association of Manufacturers, the American Coalition for Clean Coal Electricity, the National Mining Association, the American Energy Alliance and the National Rural Electric Cooperative Association all predicted the rule would drive electricity bills up.
The savings come from increased use of wind, power and hydro plants, which operate at a cost of close to zero after they're installed.
But acquiring and constructing renewable power sources is still very costly, making it less cost effective in many circumstances.
The National Association of Manufacturers, the American Coalition for Clean Coal Electricity, the National Mining Association, the American Energy Alliance and the National Rural Electric Cooperative Association all predicted the rule would drive electricity bills up.
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