Draconian environmental regualtions championed by the the Obama Administration are about to hit all of us in the pocketbook.
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.
Oh happy days. Freeze in the dark, it’s for Mother Gaia!