The Wall Street Journal reports:
The Environmental Protection Agency will propose mandating power plants cut U.S. carbon-dioxide emissions 30% by 2030 from levels of 25 years earlier, according to people briefed on the rule, an ambitious target that marks the first-ever attempt at limiting such pollution.The move comes before we know the full results of electric plant closures mandated by the last round of EPA rule-making. The Obama administration seems to place no priority on having enough electricity to meet the nation's needs, or enough to keep consumer prices low. The bottom like results of these increasingly stringent controls will be supply shortages and higher consumer costs.
Get ready for electric rates that make summer air conditioning unaffordable. It may not happen this year, but it may not be too many years away. We probably won't feel the full brunt of these policies (those enacted and those now proposed) until after the 2016 elections, and that's likely by design.