Shocking Costs Of Environmentalism

Shocking Costs Of Environmentalism

Energy: Those who fancy themselves to be green progressives are about to get some unwelcome “progress.” Thanks in part to environmental rules, electricity bills are headed for double-digit increases.

‘Americans,” the Daily Beast/Newsweek reports, “are about to get another kick in the wallet.”

A review of regulatory filings by the news source found that “utilities are seeking permission to pass on hundreds of millions of dollars in new charges to customers to help upgrade aging infrastructure and build new or retrofitted power plants that comply with tougher environmental regulations.”

The filings indicate “at least 16 utilities covering 6.1 million customers are seeking rate hikes of 5% or more,” while “almost half of those want increases of 10% or more.”

Yes, the environmentalists’ bill is now coming due. Some cost hikes are unavoidable. The electrical grid, like other infrastructure, needs to be updated and improved.

But the costs due to “tougher environmental regulations” are avoidable. They are the product of choices, not all of them sound. (IBD)

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