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Waxman-Markey: How much will your electric bill increase?

The Waxman-Markey “Let’s-Hogtie-The-Economy-and-Throw-It-In-A-Ditch” Act of 2009 will be brought up for a vote of the full House on Friday. Here is a pdf with an analysis, and a map, showing the surplus (or shortfall) that your state is projected to have based on allowances apportioned by the Congress.

Any shortfall will be made up in increased utility charges. Note that this analysis is through 2012 only. Analysis by the National Mining Association.

Based on the allowance allocation formula in H.R. 2454 for electricity consumers, the red states will not have enough allowances to cover their emissions from electricity generation. The shortfall in allowances to the red states will lead to higher electricity costs for consumers, the total of which will roughly correlate with the dollar losses noted on the map. For example, Texas electricity consumers will see electricity costs go up by roughly $1 billion. To make up the shortfall, red states will have to seek high-cost, non-CO2 emitting electricity sources, reduce electricity production and consumption, or purchase allowances from the green states, or purchase domestic and international offsets, likely a combination of the three.

H/T Kari Scott, CRC Public Relations.

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COMMENTS

  • tedpomeroy

    Thank you for posting something important.

    Please everyone who does not have a loonbird DEM or Rep
    focus on this and hammer them on it.

    Send a signal, if we can kill this in the House, then we will soon turn things around!

    Forget about an infidelity!

  • Dave_in_Fla

    I think I see a hidden agenda in that map.

    • http://andrightlyso.com/ civil_truth

      Take money from Red states to give to Blue states in order to cement a permanent Democratic majority.

      Not a very hidden agenda at all – it’s very blatant.

      But if a tree falls in the forest and no one picks it up on videocam…

  • rmullins

    To pay for the damage from Hurricane Ike but this will make my $100+ a month electric bill grow to $300+ a month. The only thing that could help right now is an expansion of the South Texas Project in Bay City.

  • http://www.criterionchemical.com Chemical Sam

    But it’s in the Fed’s hands to permit the construction of a new plant, isn’t it?

    Right to cecede will be back on the table in no time!

  • redneck_hippie

    as the masses are entertained by the Obama health care lecture on ABC.