The chief of American Electric Power (AEP) described his strategy to ClimateWire in an article today. “This technology is going to save the existing [coal] fleet and save the American electrical consumer trillions of dollars,” he claimed, while acknowledging that so-called clean coal “could raise rates in some areas from 5-7 cents per kilowatt-hour to as much as 15 cents per kilowatt-hour.” How is tripling our energy bills going to save us trillions of dollars? AEP has already applied for a 45% increase in residential energy bills in the next three years because of rising coal costs. The consequences of choosing the ‘clean coal’ strategy are apparent.
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