The Independence Institute, a free-market think tank headquartered in Denver, compiled a white paper in April titled “Colorado and the Clean Power Plan: Expensive, Ineffective, Illegal and impossible.”
According to their research, if EPA’s CPP is implemented, beginning in the year 2020:- American consumers, businesses and industries will pay $284 billion more each year in power and gas costs
- The total annual cost of power and gas will total more than $750 billion
- The average annual U.S. household’s combined electricity and gas bills will increase by $680.00.... If implemented, the Institute, which labels this regulation the most expensive in American history, warns “non-attainment,” or the inability of local governments to comply, will result in:
- An annual loss of GDP (Gross Domestic Product) loss of $140 billion
- Decreased electrical reliability
- Increased forced outages
- Potential delays in highway funding
- Shuttered coal-fired power plants
- The closure of manufacturing and industrial facilities
- Skyrocketing food costs as agricultural producers are negatively effected
- Costly restrictions on small businesses that will harm consumers
- Expensive regulations on vehicles and fuels
- Lower local and state tax revenue due regulatory strains at all levels...
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