By PETER BACQUÉ | Richmond Times-Dispatch | October 16, 2014 | www.timesdispatch.com
To make the carbon emission reductions called for in the proposed regulation, the EPA’s own model predicts that Virginia utilities will have to shut down fossil-fuel power plants reliably producing 2,851 megawatts of electricity, and replace that generation with just 351 megawatts of unreliable land-based wind power. “This raises alarming regional reliability concerns,” the staff said.
Complying with the EPA’s proposed carbon emission rules would likely cost Dominion Virginia Power customers alone an extra $5.5 billion to $6 billion, the State Corporation Commission’s staff said in an unusually bluntly worded statement. Continue reading