Ready for higher electric bills? I’m not.

Has this guy completely lost it? Is he certifiable yet? Here we are paying some of the highest electric rates in the country, businesses either leaving or refusing to come here because they can’t afford the high rates and Spitzer’s gonna do crap like this. Boy it goes from one thing to another, troopergate, illegal licenses, the steamroller is rolling over his brain I think.

EMISSION: IMPOSSIBLE

Spitzer Plans To Force Power Plants To Buy “CO2 Credits”

Gov. Spitzer’s boast last week that power plants will soon have to pay for the right to emit carbon dioxide is just the latest sign of his unseemly obeisance to over-the-top environmentalism.

Spitzer told Congress how New York has joined 10 northeastern states in a Kyoto-style project called the Regional Greenhouse Gas Initiative (RGGI), meant to combat global warming.

In 2009, these states will force power plants to buy CO2 “allowances,” which will be traded on the open market.

Plants will have to get one credit for each ton of CO2 they emit. The supply of credits, to start, will be capped at 64 million - the average annual power-plant emissions in New York from 2002 to 2004. The figure will then drop slightly each year, for a 10 percent cut by 2019.

The plan’s flaw is its goal: It’s designed to boost electricity costs - and even force some plants to close.

How so?

Since almost anyone will be able to buy allowances, brokerages like Goldman Sachs are planning to snatch them up - and sell them back to power-plant owners at huge profits once demand grows.

Owners would then pass on the costs to consumers, sending electric bills soaring - and some plants fleeing.

“By design, this plan creates winners and losers,” Spitzer said. “Older, less efficient power plants with higher emission levels will pay more to comply with RGGI than newer, more efficient units.”

So get ready to pay big-time for juice.

(And have plenty of candles on hand.)

There’s more to Spitzer’s attack on energy: This year, he asked the Nuclear Regulatory Commission to perform (yet another) environmental review of Indian Point, the Westchester nuclear plant that’s up for re-licensing.

So far the NRC has refused, but Spitzer has made his point: He is anti-nuclear.

Yet, if Spitzer opposes conventional plants, which produce CO2, and nuclear ones, which don’t, exactly what kind of energy does he favor?

Spitzer also wants New York’s eastern power grid withdrawn from a national energy corridor. more–>

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