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   From: "NotMe"    
   Newsgroups:   
   az.politics,dfw.politics,ca.politics,austin.politics,misc.survivalism,guns.talk   
   .politics   
   Subject: Re: Coal miners ask Obama to stop 'absolute lies'   
   Date: Sun, 21 Oct 2012 20:05:14 -0500   
   Organization: A noiseless patient Spider   
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   "private sector's doing 'fine'"  wrote in message   
   news:k61hcp$3fs$61@dont-email.me...   
   > On 10/20/2012 5:01 PM, NotMe wrote:   
   >> Recall the big dust up claiming the EPA was causing coal fired power   
   >> plants   
   >> to close?   
   >   
   > Yes.   
   >   
   > They have.   
   >   
   >   
   http://thehill.com/blogs/e2-wire/e2-wire/165651-aep-epa-regs-will-cost-billions   
   -and-result-in-five-closed-plants   
   >   
   > Utility giant American Electric Power said Thursday that it will shut down   
   > five coal-fired power plants and spend billions of dollars to comply with   
   > a series of pending Environmental Protection Agency regulations.   
      
   http://www.dallasnews.com/business/energy/20120821-court-overturns-epa-rule-lim   
   iting-pollution-from-coal-fired-plants-that-crosses-state-lines.ece   
      
   http://www.dallasnews.com/business/energy/20120522-texas-electrical-grid-operat   
   or-warns-of-shortages-in-coming-decade.ece   
      
      
   Natural gas prices   
      
   Power companies have been slow to invest in new plants in Texas the last few    
   years because natural gas prices are low. Natural gas markets tend to set    
   wholesale power prices in Texas' deregulated market. Unless investors can    
   expect to sell electricity at prices high enough to profit, they aren't    
   likely to build.   
      
   Some plant operators make money by firing up old plants on hot summer days    
   when customers demand the most electricity. Wholesale prices spike when    
   demand soars.   
      
   The Public Utility Commission is considering boosting the wholesale price    
   cap from $3,000 per megawatt-hour to $4,500 as an incentive to get more    
   plants online when Texans need them most. Typically, the price spikes up to    
   the cap for only a few hours in a year. The average family uses about 1    
   megawatt-hour of electricity per month.   
      
   Texas hired the Brattle Group consultants to study options for keeping the    
   power on. That study is due June 1.   
      
   Observers anticipate an ensuing discussion about adding a so-called capacity    
   market to the ERCOT wholesale market. Rather than trade electricity,    
   companies could trade future capacity as a carrot to build plants.   
      
   Past discussions at ERCOT of a capacity market always concluded that the    
   current energy-only market keeps electricity prices lower.   
      
   Energy Future Holdings chief executive John Young said during recent a    
   conference call that he expects the study will call for a mechanism to add    
   reliability pricing to the market.   
      
   "There is a cost of reliability," Young said. "How do you want to price it?"   
      
      
      
      
   Basically the power industy and politicians made claims that the EPA rules    
   would prevent the operation of the coal fired plants.   
      
   EPA lost and the industy likewise lost the alibi that the EPA was the hold    
   up.   
      
   In the end the industy had to concede that the problem was not the EPA but    
   that NG was so much cheaper that coal could not compete.    
      
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