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More utility closings to come

Chris Woodward   ( Thursday, January 10, 2013

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.

Borelli, Tom (FreedomWorks)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 untouched.

"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 future.

But he says that is "an economic suicide, because about 80 percent of our economy runs on fossil fuels."

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