Waxman-Markey: How much will your electric bill increase?


The Waxman-Markey “Let’s-Hogtie-The-Economy-and-Throw-It-In-A-Ditch” Act of 2009 will be brought up for a vote of the full House on Friday. Here is a pdf with an analysis, and a map, showing the surplus (or shortfall) that your state is projected to have based on allowances apportioned by the Congress.

Any shortfall will be made up in increased utility charges. Note that this analysis is through 2012 only. Analysis by the National Mining Association.

Based on the allowance allocation formula in H.R. 2454 for electricity consumers, the red states will not have enough allowances to cover their emissions from electricity generation. The shortfall in allowances to the red states will lead to higher electricity costs for consumers, the total of which will roughly correlate with the dollar losses noted on the map. For example, Texas electricity consumers will see electricity costs go up by roughly $1 billion. To make up the shortfall, red states will have to seek high-cost, non-CO2 emitting electricity sources, reduce electricity production and consumption, or purchase allowances from the green states, or purchase domestic and international offsets, likely a combination of the three.

H/T Kari Scott, CRC Public Relations.



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6 Comments Leave a comment

Markey Up the Bill

tedpomeroy (Diary) Thursday, June 25th at 8:27AM EST (link)

Thank you for posting something important.

Please everyone who does not have a loonbird DEM or Rep
focus on this and hammer them on it.

Send a signal, if we can kill this in the House, then we will soon turn things around!

Forget about an infidelity!

 

Well well well, $1B to be transfered from Texas to California

Dave_in_Fla (Diary) Thursday, June 25th at 10:46AM EST (link)

I think I see a hidden agenda in that map.

“If they were merely incompetent, then at least SOME of their actions would have been to the benefit of the country.” – Joe McCarthy

This is Democrat's launching of a second war between the states

civil truth (Diary) Thursday, June 25th at 11:38AM EST (link)

Take money from Red states to give to Blue states in order to cement a permanent Democratic majority.

Not a very hidden agenda at all – it’s very blatant.

But if a tree falls in the forest and no one picks it up on videocam…

The greatest evil…is conceived and ordered (moved, seconded, carried, and minuted) in clean, carpeted, warmed, and well-lighted offices, by quiet men with white collars and cut fingernails and smooth-shaven cheeks who do not need to raise their voice. Hence, naturally enough, my symbol for Hell is something like the bureaucracy of a police state or the offices of a thoroughly nasty business concern. -C.S. Lewis

http://www.gmsplace.com/

 
 

It's allready bad enough I'm paying a larger surcharge on energy bill

Richard Mullins (Diary) Thursday, June 25th at 11:06AM EST (link)

To pay for the damage from Hurricane Ike but this will make my $100+ a month electric bill grow to $300+ a month. The only thing that could help right now is an expansion of the South Texas Project in Bay City.

Richard Phillip Mullins BlogThe Squash Satire SiteNews on Happy Jet Airlines
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Joe Biden is like a Decrepit Park owner with a Meth lab that happens to not only be a dealer but a user.

Let’s Bankrupt the Democratic paty. Make spend all the money to defend thier candidates.

 

I believe Texas, for instance will answer with a new push for nuclear power.

Chemical Sam (Diary) Thursday, June 25th at 12:43PM EST (link)

But it’s in the Fed’s hands to permit the construction of a new plant, isn’t it?

Right to cecede will be back on the table in no time!

Criterion Chemical was in the black for FY2010!
Not bad considering the forces arrayed against small business these days.
Let’s see about actually making some serious profit this year. Shameless capitalism, by:
www.criterionchemical.com

 

Being swept under the rug

redneck_hippie (Diary) Thursday, June 25th at 9:15PM EST (link)

as the masses are entertained by the Obama health care lecture on ABC.


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