Today, Reuters is reporting on a study that estimated the impact of EPA regulations on coal plant closings.
Oct 8 (Reuters) – More U.S. coal-fired power plants could retire due to environmental regulations and weaker-than-expected electric demand, costing the industry up to $144 billion, economists at consultancy Brattle Group said.
In a new study, Brattle’s economists forecast 59,000 to 77,000 megawatts (MW) of coal plant capacity would likely retire over the next five years.
That was about 25,000 MW more than the firm had estimated in 2010, Brattle said in a release. There is about 317,000 MW of coal-fired capacity now in the United States.
The story also stated, “The economists estimated the power industry would have to invest $126 billion to $144 billion to retrofit and replace the coal capacity.
The cost for replacing coal will be paid for by “We the People,” making Obama’s promise to make electricity prices skyrocket come true.