In June, the Obama Administration and the Environmental Protection Agency (EPA) announced it’s proposed stringent carbon regulations on existing power plants — a clear attempt to eliminate coal-based power. Next week, EPA will kick off four separate two-day hearings in Atlanta, GA; Denver, CO; Pittsburgh, PA; and Washington, D.C. Here at America’s Power, we’re kicking off a three-part series highlighting the critical role affordable, reliable coal-based electricity plays in all of the places EPA will visit. And, we’re starting with Colorado which depends on coal-based power for local economic development, fuel diversity and low-cost power statewide.
As a top ten coal-producing state, Colorado’s energy reliability and economic vitality are threatened by EPA’s proposed rule. More than 2,500 workers staff Colorado’s 14 coal mines, and thousands of workers’ jobs are indirectly tied to mining and power generation. On top of that, coal is Colorado’s primary power source and is necessary to keep electricity rates affordable so it can continue to fuel economic progress.
In 2013, 64 percent of Colorado’s electricity was generated by coal. Because coal makes up a majority of the state’s energy portfolio, Colorado has been able to keep electricity prices under 10 cents per kilowatt hour, which is below the national average for power prices. These affordable rates allow businesses to employ more Coloradoans, which in turn enables these employees to have an increased opportunity for income mobility.
Despite the economic opportunities affordable energy creates for the Centennial State, a tremendous number of citizens still struggle to pay their energy costs. Currently, almost 880,000 low- and middle-income Colorado residents allocate 17 percent of their after-tax income to power bills. With so many citizens already struggling, Colorado cannot allow these costs to increase. If the Obama Administration and EPA have their way with these regulations, skyrocketing power bills will be the unfortunate future that Colorado, and the rest of our nation, faces.
Colorado is a fantastic example of how an “all of the above” energy policy can work if the federal government stays out of state-level energy decisions. The state relies on a diverse portfolio of sources and fully embraces the abundant natural resources at Colorado’s disposal including coal which is a vital element of the fuel mix. That’s why so many affected parties will be testifying in front of EPA next week telling the agency that its carbon regulations for existing power plants won’t work for Colorado.
Rather than making everything from power bills to grocery bills more expensive, we should support innovation and prioritize maintaining a reliable and low-cost electricity portfolio. With so many citizens depending on the jobs and affordable energy coal provides, this fuel source is something the Centennial State cannot afford to lose. We’re looking forward to the hearing and hope EPA pays close attention to the important criticisms shared with regards to their overreaching carbon regulations.
If you want to contribute to the conversation by filing a comment with EPA, visit www.KeepAmericasPowerOn.org today.