Archive for October, 2012

Not Even the “Worst Case”

With coal plants being forced to shutter due to EPA regulations, there’s a lot to be concerned about—job loss, compliance costs and loss of income.

National Economic Research Associates analyzed the impacts of seven EPA regulations, and the results are startling. With these regulations, we’re facing:

  • 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.

Read the full report here, and help us support the affordable energy and jobs that coal provides by signing our petition.

 

31 October 2012, 11:48 am | Posted in Affordability, Jobs, National Affairs, Policy and Legislation, Reliability, Statistics | No comments »

New Analysis Finds EPA Regulations Would Cost 1.5 Million Jobs Over the Next Four Years

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

26 October 2012, 1:00 pm | Posted in ACCCE News | 3 comments »

When Coal Jobs Leave, Communities Suffer

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.

Remember to share this information with family and friends because it’s clear that America needs coal. Sign our petition, and stand up for communities!

24 October 2012, 10:42 am | Posted in In the States, Jobs | No comments »

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