New Federal Rules Could Mean Rate Increases for PSO Customers
President Obama is imposing cutbacks on greenhouse gas emissions.
"As president, and as a parent, I refuse to condemn our children to a planet that's beyond fixing," Obama said.
Part of the plan is to give states and local governments latitude on how to reduce pollution, encouraging solar and wind power instead of forcing power plants to close.
Mike Enzi, a Republican senator from Wyoming, says the move will cut coal and the 800,000 jobs that go along with it. "If it succeeds in death by regulation, we'll all be paying a lot more money for electricity, if we can get it," Enzi says. The U.S. chamber of commerce estimates it will cost the economy $50 billion a year, but some say those claims are exaggerated. "This is something we can't put off and the president deserves huge credit for making this his legacy," says David Doniger of the Natural Resources Defense Council.
Here in Oklahoma, PSO customers should expect their bills to go up at least 11% starting in 2016. The company anticipates the rate hikes because of the changes to the way we get energy. "We're hopeful that there will not be additional costs now associated with CO2," says Stan Whiteford with PSO.
The EPA rules cover more than 600 pages of material, so experts are combing through the technical information.?