Aug 01 2012
In May, the Senate Republican Policy Committee published Obama's War on Coal, an analysis of President Obama's campaign to ban the use of coal as an energy source. Turns out, ensuring coal-fired power plants go "bankrupt" is one promise the President is trying to keep. His Energy Information Administration reports that 8.5 percent of total 2011 coal-fired power capacity will retire by 2016. In context, that is four times greater than the capacity retired during the preceding five years. The slated closure of 175 coal-fired electric generating units (EGUs) in response to the President's regulatory barrage means diminished electric reliability, higher electricity costs disproportionately burdening low-income families and seniors, and more jobs lost.