The North American Electric Reliability Corporation (NERC) released a report yesterday concluding that proposed EPA regulations “may significantly affect bulk power system reliability depending on the scope and timing of the rule implementation and the mechanisms in place to preserve reliability.”
As this Platts report notes, NERC says that these proposed rules could create “insufficient generating resources” and “threaten the stability of power grids in Texas and New England within the next decade.”
Not to mention job losses and economic ruin. Hooray!
Before this latest news, estimates of job losses caused by the EPA had topped 1.44 million.
In reality, it will be considerably more. How many companies can operate without a stable electric grid?
President Obama's mission to turn American into a third-world country continues apace.