U.S. employment losses average between 544,000 a year – 887,000 a year. Peak year employment losses are 700,000 to 2.2 million.
Compliance costs for electric utilities will total between $198 billion – $220 billion, and average $15.0 billion – $16.7 billion/year.
Families will lose between $200 a household to over $500.
These are conservative estimates. The EPA’s regulatory agenda is killing jobs and harming our economy. With billions in costs, hundreds of thousand or even millions of jobs lost, and additional household expenses, the path forward is clear: Stop these destructive regulations. By keeping electricity prices low for business and families, coal helps to fuel the job creation that we need to get our country back on track.
Washington, DC – A new analysis of EPA regulations that would impact the coal-based electricity industry projects that seven rules would reduce U.S. employment by 1.5 million jobs over the next four years. The analysis was conducted by National Economic Research Associates (NERA) on behalf of the American Coalition for Clean Coal Electricity and described in a 129-page report, “Economic Implications of Recent and Anticipated EPA Regulations Affecting the Electricity Sector.”
“If the EPA is allowed to continue its aggressive anti-coal agenda, the American economy will lose another 1.5 million jobs in the next four years,” said Mike Duncan, president and CEO of ACCCE. “The EPA does not consider the economic consequences of their actions, which in this case will not only erase American jobs; it will raise annual costs to families by hundreds of dollars, the equivalent of a monthly grocery bill.”
Key findings of the NERA analysis include:
The regulations will cause employment losses totaling 1.5 million jobs over just the next four years, with a quarter million of those job losses occurring in the Midwest. Employment losses will continue beyond that timeframe, averaging 544,000 to 887,000 jobs annually.
Electricity consumers will spend as much as $67 billion more for electricity.
The average family’s income will drop by $200 to $500 annually, which is equivalent to a family’s monthly grocery bill.
An unprecedented number of coal-fueled power plants will be forced to shut down. Between 54,000 to 69,000 megawatts of coal-fueled electricity generation will be shut down, mostly because of the EPA regulations. This is roughly equivalent to the combined electricity supplies of Ohio, Virginia and Iowa. This is also more than the total electricity supply of either Pennsylvania or Florida.
The electric sector faces enormous compliance costs. Electricity generators would be required to spend $15 billion to $16.7 billion annually on compliance costs over the next two decades.
A summary of NERA’s report is available on the ACCCE website at: http://www.americaspower.org/sites/default/files/NERA-Analysis-Highlights-Oct26.pdf
The economy is still recovering. Unemployment remains high, and families all across America continue to be impacted by legislation and overbearing EPA regulations. It’s never been more clear that in America, we need jobs.
In Southwest Virginia, small towns that rely heavily on the coal industry fear that the worst is yet to come. This administration’s heavy –handed EPA regulations continue shuttering plants and closing coal mines, leaving thousands out of work.
But it isn’t just those that work in the mines or plants that are being impacted, it is entire communities. Local stores and restaurants depend on the industry workers to keep them in business, and when coal leaves an area, so does their clientele.
As several in the area have said, if coal stops then the economy stops, leaving small communities a Ghost Town.
Lisa Camooso Miller Vice President
Lisa Camooso Miller is ACCCE's vice president for media relations. She oversees ACCCE's earned media implementation and strategic planning and appears regularly in print, radio and on national television. For more than 15 years, Lisa has been a notable communications leader in public affairs, holding key positions in local, state and federal government, political campaigns and committees, as well as advocacy organizations. She is a native of Wayside, New Jersey, and holds an M.A. in corporate and public communications from Monmouth University, and a B.A. in communications from The College of New Jersey. Lisa and her husband Jason have two children and live in Northern Virginia.
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Bianca Prade Vice President
Bianca Prade is ACCCE's vice president of digital strategy, and leads new and traditional media strategies to increase the public’s awareness of the importance of coal-based electricity. She has more than a decade of communications and marketing experience, launching and maintaining interactive Web content for major corporations, trade associations and government agencies. Bianca lives with her husband and two children in Northern Virginia. She graduated with a B.A. in English from the University of Maryland at College Park and an M.A. in interactive communications from American University.
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Robert M. "Mike" Duncan President & CEO
Mike Duncan is the president and CEO for the American Coalition for Clean Coal Electricity, a national, nonprofit organization dedicated to supporting and promoting the use of coal – a proven American energy source that keeps electricity affordable and reliable for millions of American families and businesses. In this role, he leads ACCCE’s efforts to keep coal at the forefront of energy policy in America and informs and educates for coal in Congress, statehouses and in communities all across the country.
He comes to ACCCE with a background and commitment to coal and clean coal technology. Serving on the campaigns of five U.S. presidents and working with elected officials at every level and in all political parties, he has served as board member and chairman of the Tennessee Valley Authority; assistant director of the Office of Public Liaison in The White House; chairman of the American Crossroads 527 committee; and chairman of the Republican National Committee. He has served in various roles with the U.S.-China High Level Political Party Leaders Dialogue, the President’s Commission on White House Fellowships and the Center for Rural Development.
Duncan is chairman and CEO of the Inez Deposit Bank in Eastern Kentucky and has served with the Federal Reserve Bank of Cleveland, Cincinnati branch and the Kentucky Bankers Association. A resident of the Bluegrass State of Kentucky, he holds degrees from Cumberland College and the University of Kentucky College of Law.
Evan Tracey Former Senior Vice President for Communications
Evan is Senior Vice President for Communications, overseeing the strategy on how to communicate the importance of electricity from coal and the value of investments in clean coal technology. Tracey has served as president of Campaign Media Analysis Group, a Kantar Media company, since he founded the company in 1997. He has two decades of political, legislative and issue research experience and has provided strategic media analysis for a number of trade associations, foundations, Fortune 500 companies, political party committees, the national press, academic institutions, as well as hundreds of national, statewide and local political campaigns. He received a M.A. from George Mason University and a B.A. from West Virginia Wesleyan College. Tracey lives with his wife and 3 children in Virginia.
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Steve Gates Former Director
Steve Gates, as ACCCE’s national communications director, helps direct the industry’s national media campaigns and digital communications efforts. He has more than 15 years of media relations experience in a variety of settings including Capitol Hill press secretary, as well as directing media and outreach programs for international trade associations, the Fortune 200 and federal government programs. Steve lives with his wife, a coal miner’s daughter, and three children in Omaha, Nebraska. Steve graduated with a B.S. in political science from Saint Vincent College in Latrobe, Pennsylvania, and an M.A. in public communications from American University in Washington, D.C.
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