More Taken From Our Wallets

Utility grid updates and emission controls (infrastructure upgrades) are soon going to cause our monthly electric bills to climb as the power companies will undoubtedly pass the costs onto us. Thanks to government inadequacy in understanding the magnitude of the effort:

During the budget battle, Congress cut $500 million from the program to bring this year’s total to $4.7 billion, down from a high of $5.1 billion in 2010. For next year, the Obama administration requested only $2.6 billion, leaving states with roughly half the assistance they’ve had in the past. The White House rationale relies on the assumption that energy prices will decline, but regulatory filings have indicated the opposite trend is in store.

Looks like this is in addition to expected utility rate increases by 2014.

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2 responses to “More Taken From Our Wallets

  1. “Under my plan of cap and trade, electric rates will necessarily skyrocket!”
    Barack Hussein Obama on the campaign trail sometime in 2007 or 2008.

    Yep, not a surprise at all!

  2. Yeah, it’s on Youtube ands I might have a copy of that somewhere.
    Here’s one version:

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