An expert on energy regulations does not think new regulations
are done forcing utility companies to close down plants.
Monday, January 7, Georgia Power announced it will close 15 coal
and oil plants -- a measure the company says is necessary to comply
with federal regulations aimed at reducing air pollution.
Tom Borelli, senior fellow at Freedom
Works, reports that more than 400 jobs will be cut as a
result of the closings, adding to the already large number of
plants and jobs that several utility companies have decided to
terminate because of regulations.
"What we're seeing now is the consequences of President Obama's
war on fossil fuels … especially coal," Borelli contends. "EPA
keeps unleashing regulations, and now the industry has to respond.
This is going to be continuing as time goes on."
The Atlanta Journal-Constitution reports
that Georgia Power now gets less than half of its supply from coal,
and the lost capacity will be replaced with nuclear energy and
natural gas. But Borelli asserts that natural gas will not go
"The war on fossil fuels doesn't exempt natural gas. They are
next up on line," the Freedom Works senior fellow warns. "They're
going to do everything possible to eliminate fossil fuels from our
But he says that is "an economic suicide, because about 80
percent of our economy runs on fossil fuels."
An expert in retirement security is adding his two cents to
thoughts on this year's changes with Social Security.