Utility executive admits ‘clean coal’ could triple your energy bill
The chief of American Electric Power (AEP) described his
strategy to ClimateWire in an article today. “This
technology is going to save the existing [coal] fleet and save the American
electrical consumer trillions of dollars,” he claimed, while acknowledging that
so-called clean coal “could raise rates in some areas from 5-7 cents per
kilowatt-hour to as much as 15 cents per kilowatt-hour.”How is tripling our energy bills going to save
us trillions of dollars?AEP has already
applied for a 45% increase in residential energy bills in the next three years
because of rising coal costs.The consequences of choosing the ‘clean coal’
strategy are apparent.
Other companies are mapping out a better strategy.Yesterday Wisconsin Public Service worked out
a deal to reduce customer charges, increase energy efficiency, and maintain
profits.
Last week Xcel agreed to fully disclose the
financial risks of global warming to investors
as they shut down coal plants and dramatically increase investment in
efficiency and clean energy.
Submitted by Diana (not verified) on Tue, 10/11/2011 - 08:19.
I do not understand why we stick to using coal as long as we have other better choices when it comes to energy production. It's like asking the junk hauling Portland company to go clean up the garbage in London. Why would we want that? Why should we choose clean coal when we have other cheaper and green methods of producing energy for our households.
Submitted by real haunted places in pa (not verified) on Wed, 10/26/2011 - 17:49.
It's clear that the only decisions in favor of coal were made with an eye toward profits. I suspect that might be why all the houses that are built in my state are built to use electricity for heating. Haunted Places in Pa
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