What would .40 more per kilowatt hour do to your bill

[sbcman]

Talked with a gentleman at church today who works in management for a local coal-fired power plant. He says they are in the process of getting two new scrubbers for their plant, under the new energy regulations. According to him, the cost will be 1.3 billion per unit and they estimate this will add 40 cents more per kilowatt hour to customers' bills. This will start sometime in 2013.

That's not all. He says that in the meetings he has been in, they are really concerned about being able to exist at all in the future because of loosing so much manufacturing business (evidently residential isn't enough to keep them going). Although this plant is in SWI, their electricity goes to northern Indiana and Michigan.

One thing about it, Obama said electric prices would "skyrocket" necessarily under his plan. Looks like he actually kept his word on that one.

How deeply would an extra 40 cents per kw/hour affect you?

 

[ruger1800]

since i pay about .11 cents now, my electric bill will go from 150.00 to 600.00 dont think there is any question how all of us would be effected. if electric goes up that much everthing else will go up also. food, fuel, ect....

 

[RichardR]

I would predict riots in the streets ...

 

[sbcman]

I would predict riots in the streets ...

Agreed. I think things would turn ugly quick. The financial impact is obvious, it's what would result from that which would take us places we don't want to go.

 

[Magneto]

The socialists wants higher electric bills. They want only whats best for us right?

 

[edsinger]

That's not all. He says that in the meetings he has been in, they are really concerned about being able to exist at all in the future because of loosing so much manufacturing business (evidently residential isn't enough to keep them going). Although this plant is in SWI, their electricity goes to northern Indiana and Michigan.

So he works at Rockport. They do send their power north as they are part of the PJM grid and not the MISO grid as the Duke/Alcoa/Vectren plants are.

I highly doubt this, business would screech to a halt. Where I work that would shut us down and we could only run at night when they will have to sell cheaper.

I do not think this in in the cards as riots would only be the beginning..

 

[RichardR]

Agreed. I think things would turn ugly quick. The financial impact is obvious, it's what would result from that which would take us places we don't want to go.

Sadly I believe this to be a case of "A minor evil for a greater good." in the administrations mind that is.

They first cause utility rates to skyrocket, making electricity unaffordable (the minor evil), we the people of course protest & riot, demanding that the government do something about it.

So then the Obama administration declares a national emergency & simply socializes all of our domestic energy producers, sort of exactly like Hugo Chavez did in Venezuela (for the greater good).

But I really, really, really hope I am wrong about this.

 

[sbcman]

Sadly I believe this to be a case of "A minor evil for a greater good." in the administrations mind that is.

They first cause utility rates to skyrocket, making electricity unaffordable (the minor evil), we the people of course protest & riot, demanding that the government do something about it.

So then the Obama administration declares a national emergency & simply socializes all of our domestic energy producers, sort of exactly like Hugo Chavez did in Venezuela (for the greater good).

But I really, really, really hope I am wrong about this.

Your theory makes a lot of sense in the socialist scheme. I really hope it doesn't go that way as well.

 

[longbow]

I sense they would turn it off, after it keeps breaking down from un expected problems..........

 

[longbow]

it would be a change...........................................

 

[ghitch75]

thats just cazy!!!!.....you sure he didn't mean .04?.....are's is 13 cents right now on REMC(our rates go up and down per season) and we use around 900kw with A/C on.....so would be goin' form $117.00 to $477.00!!!!!!.....THAT'S A 400% INCREASE!!!!!!!!!!!!!.... i know people with electric heat that pay over 500 a month in the winter will go to over 2000!!!!!!

what plant is this?????

 

[Leadeye]

Just a steady deterioration in your standard of living, the dc way.

 

[sbcman]

thats just cazy!!!!.....you sure he didn't mean .04?.....are's is 13 cents right now on REMC(our rates go up and down per season) and we use around 900kw with A/C on.....so would be goin' form $117.00 to $477.00!!!!!!.....THAT'S A 400% INCREASE!!!!!!!!!!!!!.... i know people with electric heat that pay over 500 a month in the winter will go to over 2000!!!!!!

what plant is this?????

No, he meant an actual 40 cents. It's the plant in Rockport, but the group that owns that plant has many more and they are all having to upgrade. I also trust his 1.3 bill estimate per unit because he would know. Ironic thing is that this plant can actually afford the upgrade, several are having to shut down because they can't. A TVA plant back home in Muhlenberg County KY is phasing out to shut down because they just can't afford the upgrades.

This is all, of course, under the umbrella of going "green." But I think RichardR's analysis is more accurate.

 

[ghitch75]

No, he meant an actual 40 cents. It's the plant in Rockport, but the group that owns that plant has many more and they are all having to upgrade. I also trust his 1.3 bill estimate per unit because he would know. Ironic thing is that this plant can actually afford the upgrade, several are having to shut down because they can't. A TVA plant back home in Muhlenberg County KY is phasing out to shut down because they just can't afford the upgrades.

This is all, of course, under the umbrella of going "green." But I think RichardR's analysis is more accurate.

oh yes there will be a upraisin' over this.....i think our power comes from Merom....i'm sure they'll get the up grade too

 

[confused89]

It is the AEP plant which is located right along US 231 one mile east of Rockport Indiana on the Ohio river.

 

[eric001]

No, he meant an actual 40 cents. It's the plant in Rockport, but the group that owns that plant has many more and they are all having to upgrade. I also trust his 1.3 bill estimate per unit because he would know. Ironic thing is that this plant can actually afford the upgrade, several are having to shut down because they can't. A TVA plant back home in Muhlenberg County KY is phasing out to shut down because they just can't afford the upgrades.

This is all, of course, under the umbrella of going "green." But I think RichardR's analysis is more accurate.

This sounds like a good indicator of some potentially vicious inflation... and at the same time a major potential loss of manufacturing jobs. Gee, I wonder what happens if and when those two situations impact an already shaky economy????

 

[edsinger]

What?

Guys, this isn't going to happen anytime soon........if it were then we all should be reading longbows novel........

And just so I explain some things, Rockport needs scrubbers. The only reason they don't have to now is because they use PRB coal (low Sulfur). Gibson Already had to upgrade and add scrubbers etc etc.

AEP has not had to (yet). 1 Billion plus per unit? BS. You can build brand new 1300MW units for that price. That is just not true. Granted scrubbers are not cheap but they are not 1 Billion dollars. I believe Gibson's new ones cost around 100+ million. BIG difference.

You folks need to understand, as a utility customer (residential wise) will not pay more than 0.15 or so....PGE in California charges 0.12-0.15 now....or they did a short few years ago.

Business's will be what really hurts at 0.40 a kW/Hr. Steel mills will CLOSE. Many others will shut down.

This is all scare tactics, but I will humor it. Just Thursday, the PJM was charging $450Mw/hr and some isolated cases over $750. I have seen them charge over $1000, but you folks in NE Indiana didn't see this price.

This is what Obama said he would do, he will try and bankrupt the coal industry. Problem is, he can not, he doesn't have the votes to destroy us that fast. He is doing it slowly.....he has to go in 2012.

 

[dom1104]

I highly, HIGHLY doubt this story has any truth in it at all.

my 2 coppers.

 

[SSGSAD]

I just got my bill out, ans I pay .08 per KW, currently, that would increase my bill, by 5x ..... RIOTS ?????? YES, I think so .....

 

[88GT]

I highly, HIGHLY doubt this story has any truth in it at all.

my 2 coppers.

So there's absolutely no truth in the fact that energy costs will increase as the steady enforcement of ever-more-restrictive regulations increases costs for energy producers? None whatsoever?