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Living In A Utopia Is Expensive: Obama Official Predicts 80 Percent Spike In Energy Costs Due To Clean Coal RulesFebruary 11, 2014 by Sam Rolley An Obama Administration official told House lawmakers that the President’s new clean coal rules could increase wholesale electricity prices by as much as 80 percent.During a Congressional hearing on Tuesday, Julio Friedmann, the deputy assistant secretary of the Energy Department, told lawmakers that costs associated with installing the first generation of carbon capture and storage (CCS) technologies on new coal power plants would be responsible for the energy price spike.“The precise number will vary, but for first generation we project $70-90 per ton (on the wholesale price of electricity),” Friedmann said. “For second generation, it will be more like a $40-50/ton price. Second generation of demonstrations will begin in a few years, but won’t be until middle of the next decade (2022-2025) that we will have lessons learned and cost savings.”
Stellar. We have a Department of Energy that not only produces no energy, but obstructs others from doing so, along with the EPA.