Southern Company, in an era of scarcity of natural gas and climate change hysteria, proposed to the federal government a clean coal gasification process and plant. That plant was built in Kemper County, Mississippi. The plant can burn natural gas and produce electricity but it was designed to burn dirty coal by turning it into a gas for burning.
The plant is built but at a cost more than double the original estimate. What does this say about addressing climate change? Should the economically-challenged 186,000 customers pay the cost overruns? Is this a sign of what mitigating climate change costs us all in the future?
Questions remain unanswered.
But the Federal Government does not stop it’s thrust against rising temperatures through regulation and taxation.
The proposed [EPA] regulations, which were released in June, would force Mississippi to reduce its carbon emissions by 38 percent in 2030 from 2005 levels under the formula, which differs for each state. Mississippi received about 13 percent of its electric generation capability from coal-fired plants in 2013 while the United States received 37 percent of its power from coal. Most of Mississippi’s electrical capacity comes from natural gas (72 percent).
Another example of the cost of environmental hysteria was revealed this week. Southern Company was forced to build a “clean coal” plant by Obama and his hordes of regulatory henchmen — probably based on a few theories EPA bureaucrats had absorbed in their “You and the Environment 101” class at NYU. In 2010 the plant’s estimated cost was $3 billion. Because of government demands, the price tag for the Mississippi plant now stands at $7.1 billion. Oh – and it’s not workable. A comparable natural gas plant would have cost $700 million, one-tenth the cost.
It gets better. Like other theories that government dolts came up with (as in the Solyndra debacle, which cost taxpayers at least $500 million), the cost of this harebrained Southern Company scheme will be passed on to Southern customers — to the tune of $4.2 billion. You see, since the government regulates utility companies, it allows utilities to pass on to their customers the costs of their stupid ideas: one of the many hidden costs of out-of-control regulation.
— Ron Hart
Where and when will the promo and cost of a tiny temperature rise stop. When will we put the macro climate picture in it’s proper perspective? I don’t have answers.