Once again actions by politicians and political appointees are dealing a blow to progress and success. This latest example can be found in Florida where the Florida Public Service Commission denied rates hikes needed to construct new power facilities and modernize existing plants and infrastructure.
This rate hike would help fund the construction of two nuclear power plants worth between $12 billion and $18 billion, modernized two other plants for approximately $2.4 billion and halted a related natural gas pipeline. The modernization program of the two plants would have cut carbon emissions by 50%.
Ironically in the same news report from ENR.com Democrats in the United States Senate were reportedly drafting an $82+billion “jobs” plan to aid the economy for small businesses, teachers and mass transit. If this plan is of similar vein to others, it will have zero lasting benefit to the people of the United States and increase taxes.
Oh By the Way…With spending on two nuclear power plants worth $12 to $18 billion, what would the construction of 30 to 100 nuclear plants a year do to stimulate the economy? Look how it would benefit the environment. Go figure!
