Transfer payments coming for government imposed skyrocketing energy costs

[Revere]

http://blog.heritage.org/2010/05/12/...w-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.

[doctordog]

I think there are 28 states already with mandatory legislation out there. There are different programs set up through the USDA and other giving goverment match up to $90/ton for low btu renewable sources. It is the ultimate fuck the consumer in the ass program..

http://www.pewclimate.org/what_s_bei...states/rps.cfm