They. Never. Stop.
Via Daily Caller:
The head of a major U.S. utility said EPA rules to fight global warming will fundamentally transform the way America generates and delivers electricity to millions of residents.
Gerry Anderson, Chairman and CEO of the utility DTE Energy, told the Federal Energy Regulatory Commission that the EPA’s Clean Power Plan “is the most fundamental transformation of our bulk power system that we’ve ever undertaken.”
FERC held a hearing Thursday on the EPA’s plan to cut carbon dioxide emissions from power plants 30 percent below 2005 levels by 2030. The plan is the keystone of the Obama administration’s climate agenda as power plants emit one-third of the country’s carbon dioxide emissions.
The rule will lower carbon emissions, but at the cost of forcing coal-fired power plants across the country to prematurely retire. These retiring coal plants must, however, be replaced, which requires huge investments in new gas-fired power plants and green energy projects. And much of this must be done by 2020 — five years from now.