Monday, October 10, 2011

Mark Steyn on the costs of environmentalism

The same huge price increases have already come to Ontario. My hydro bill in Toronto has tripled in the last 6 years.

Shocking Costs Of Environmentalism
Posted 10/07/2011 06:19 PM ET
Energy: Those who fancy themselves to be green progressives are about to get some unwelcome "progress." Thanks in part to environmental rules, electricity bills are headed for double-digit increases.

'Americans," the Daily Beast/Newsweek reports, "are about to get another kick in the wallet."

A review of regulatory filings by the news source found that "utilities are seeking permission to pass on hundreds of millions of dollars in new charges to customers to help upgrade aging infrastructure and build new or retrofitted power plants that comply with tougher environmental regulations."

The filings indicate "at least 16 utilities covering 6.1 million customers are seeking rate hikes of 5% or more," while "almost half of those want increases of 10% or more."

Yes, the environmentalists' bill is now coming due. Some cost hikes are unavoidable. The electrical grid, like other infrastructure, needs to be updated and improved.

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