Revere
05-13-2010, 01:24 PM
http://blog.heritage.org/2010/05/12/insiders-cash-in-consumers-pay-under-new-energy-bill/
If the massive new bill stalls from its own complexity, Sen. Harry Reid says he’ll pursue a simpler-but-still-costly backup plan: Dictating that an ever-increasing portion of electric power must be generated from sources other than fossil fuels—a so-called RES “renewable energy standard” which by itself could cost a million jobs as well as higher electric bills averaging $2,400 a year for a typical family.
Just like the Kerry-Lieberman bill, the RES would force higher bills on unwilling and skeptical Americans.
[...]
But according to handouts from Kerry and Lieberman, “roughly two-thirds of the revenues generated by the new law would be passed back to consumers through energy bill discounts or direct rebates”. That sounds like a store that jacks up prices then offers a “discount” that still leaves a 33% price hike.
If the massive new bill stalls from its own complexity, Sen. Harry Reid says he’ll pursue a simpler-but-still-costly backup plan: Dictating that an ever-increasing portion of electric power must be generated from sources other than fossil fuels—a so-called RES “renewable energy standard” which by itself could cost a million jobs as well as higher electric bills averaging $2,400 a year for a typical family.
Just like the Kerry-Lieberman bill, the RES would force higher bills on unwilling and skeptical Americans.
[...]
But according to handouts from Kerry and Lieberman, “roughly two-thirds of the revenues generated by the new law would be passed back to consumers through energy bill discounts or direct rebates”. That sounds like a store that jacks up prices then offers a “discount” that still leaves a 33% price hike.