Monday, March 14, 2011

Obama's jolt to economy: 'Tripling' your electric bill

Obama's jolt to economy: 'Tripling' your electric bill

FERC Chairman Jon Wellinghoff announced new federal rules that would in essence socialize the cost of transmission lines across the 13 states of the Midwest at a price tag of approximately $20 billion.

"Cost allocation for transmission facilities is one of the most difficult issues facing the energy industry and regulators, whether state or federal," said Wellinghoff.



Read more:Obama's jolt to economy: 'Tripling' your electric billhttp://www.wnd.com/?pageId=248109#ixzz1GdyTh8Ao

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