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Wednesday, May 13, 2009

PUC Commissioners Oppose Cap and Trade

The Vice Chairman and two other Commissioners of the Pennsylvania Utility Commission sent a letter to the PA Congressional Delegation in opposition to proposed cap and trade legislation.  

Their critique is that "this policy will have a profound adverse impact on the Commonwealth of Pennsylvania", especially given that Pennsylvania is a large coal-producing state. 

Like Obama, they believe Cap and Trade will necessarily increase electricity rates.  

The cost estimates are staggering ... By 2013, this would result in an annual PJB-wide market impact of nearly $36 billion in higher energy prices and rate increases of over $400 annually for resident ratepayers.

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