New regulations from the Environmental Protection Agency mean a lot of coal-fired power plants will shut down soon, said James Wood, deputy assistant secretary for the U.S. Department of Energy. He said the approval of new rules for air pollution, water pollution and waste disposal could result in the retirement of between 35 and 70 gigawatts of coal-fired power generation nationwide.
Better facts are here and not politics:
http://www.nfpa.org/categoryList.asp?ca ... =1#boiler6
The MIOSHA report concluded that several factors contributed to the incident. Among these were the lack of operating igniter and flame-sensing interlocks that would have prevented natural gas flow into the furnace without any flame or igniter and the lack of specific written procedures for shutting down and blanking the natural gas lines. Communication among the boiler operators and the crew performing the gas line blanking procedure was also inadequate.
http://www.michigan.gov/lara/0,1607,7-1 ... --,00.html
AEP: Company spokeswoman Jeri Matheney could not estimate how many coal mining jobs would be lost if all of the proposed EPA regulations were to take effect. "While we believe that each plant job creates three spin-off jobs, that's not including coal mining," she said. "There is really a global market for coal now, so I would hesitate to quantify a job loss in coal mining." Matheney also could not immediately estimate how many tons of coal currently burned by the utility each year would not be used if all of the EPA proposals took effect. Morris said, "Businesses that have benefited from reasonably priced coal-fueled power will face the impact of electricity price increases ranging from 10 percent to more than 35 percent just for compliance with these environmental rules at a time when they are still trying to recover from the economic downturn." Sen. Joe Manchin, D-W.Va., said in a prepared statement, "My heart truly goes out to the hardworking men and women who have spent years working at American Electric Power and are now facing an uncertain future. My office is ready and prepared to help these hardworking West Virginians and their families in any way that we can. "Let me be clear, it's decisions like the one made by AEP today that demonstrate the urgent need to rein in government agencies like the EPA, preventing them from overstepping their bounds and imposing regulations that not only cost us good American jobs, but hurt our economy," Manchin said. "Onerous regulations issued by the EPA are the reason that 242 West Virginians will lose their jobs, and that's simply wrong."
Manchin said he is co-sponsoring a bill that would require Congressional approval of any interim or final federal regulation that costs more than $100 million. He said it is "our urgent mission to rein in the EPA and other bureaucratic agencies.
"As I have long said: Elected officials should be the people who are responsible for making major decisions that affect our economy, not bureaucrats who are unaccountable to any constituents and have never created jobs," he said.
http://www.epa.gov/climatechange/economics/apa.html
The American Power Act (APA) is draft legislation in the U.S. Senate that would put limits on greenhouse gas emissions consistent with the Administration's
climate change goals. I am still waiting for the
Volcanoe fines....
But:
http://www.epa.gov/region4/kingston/ Restoration of the areas impacted by the coal ash spill at the TVA Kingston Fossil Plant (the Site) in Kingston, Tenn. Closer attention is warranted for proactive measures and cost basis for longer term technological solutions.
On June 14, 2010, TDEC issued a Commissioner’s Order to TVA assessing $11.5 million in penalties in response to the coal ash release for violations of the Tennessee Water Quality Control Act and the Tennessee Solid Waste Disposal Act. The $11.5 million is to be paid, as follows:
$2.5 million to TDEC by July 15, 2010 (PAID);
At least $2 million in Supplemental Environmental Projects to benefit the environment must be proposed by TVA by Dec. 31, 2010 and approved by TDEC (TIMELY SUBMITTED and APPROVED);
$2 to TDEC by July 15, 2011;
$2 to TDEC by July 15, 2012; and
$3 million was paid at the time of the Order issuance to reimburse TDEC’s oversight costs, as required by the Jan. 12, 2009 Order, and credited toward the $11.5 million penalty. TVA must continue to
pay these oversight costs over and above this assessment, and to date, has reimbursed the department an additional $820,000.
BUT: On Wednesday January 27, 2010, 4:27 pm EST
UNIONTOWN, Ala. (AP) -- The owners of a west Alabama landfill have filed for bankruptcy protection despite a multimillion-dollar contract to accept tons of coal ash spilled in an environmental accident at a Tennessee Valley Authority power plant. The bankruptcy petition was filed Tuesday in Mobile by Perry Uniontown Ventures LLC and Perry County Associates. The companies own the land and permits for the Arrowhead Landfill, which has accepted tons of coal ash spilled at a Tennessee power plant in 2008. According to court documents, landfill operators Phillips and Jordan Inc. and Phill-Con Services have a multimillion-dollar contract with TVA to accept coal ash from Kingston, Tenn., site of the spill. But the owners of the landfill accuse the companies operating it of withholding money from them. The landfill owners claim the late payments forced them into Chapter 11 bankruptcy protection. Also, Perry County has yet to receive almost $780,000 in dumping fees even though the landfill operators have
received millions of dollars from TVA, according to court documents.
http://finance.yahoo.com/q/cf?s=TVC+Cash+Flow&annual
The impact of electricity price increases ranging from 10 percent to more than 35 percent just for compliance with these environmental rules at a time when they are still trying to recover.
Revenue Harvesters at work. Confication levy's of hidden TAXES. The flyover states have no power to resist. If they gave 1/3 of the money to viable transmission electrical grid players only 2/3 would of been wasted. My point is reward the good logically audited BONDED players who could utilize that cash effectively in that pool. Industry can develope a cost basis to
meet reality with actual technology to moderate customer's cost "inflations grip" which is lost GDP. Time can tell and will without draconian crushing measures. Both need to walk better now
before we stumble but we know that ship has sailed. Indications are pointing strongly to another perfect storm from many linkages which appear as latency issues to proverbial black swan analogy's. Ruthlessly pursued to GD theory these waste triggers must be eliminated. The credit cycle cannot reset enough and political suicide convergances from economical disconnects are under the gravity which must be averted to let the market decide since direction at gunpoint from Federal death grips is certainly clear and present danger. They must understand the destructive nature of inflationary gravity but history concludes they cannot. Summers was correct in context to no flag models to a logical extent and federal proxy wars against the US market and private market taxpayers. Soon I am afraid correlations of latency's of local, state, and federal disconnects will overwhelm us. Higgs work does conclude VTM shifting but I assumed this was picked up by commercial vehicle levy's to Government's view of the economy could be summed up in a few short phrases: If it moves, tax it. If it keeps moving, regulate it. And if it stops moving subsidise to now if it fails ruin the private taxpayer to implosion since no time in world history has so few done so much harm. Will the service from manufacturing industry model survive? History says no as we read since Inflation is as violent as a mugger, as frightening as an armed robber and as deadly as a hit man. And we know who that is. We need honest gatekeepers as we see here but internally we need structual sanity 20 years ago to say the least.
http://www.epa.gov/compliance/criminal/index.html
Natural Gas Futures are under algo attack as we speak.
h/t Taro faded from ZH
fade map
http://www.nanex.net/FlashCrash/FlashCrashAnalysis.html