Economy & Employment
Low cost, reliable electricity from coal powers households and businesses across America but regulations from the EPA jeopardize our access to affordable power and will cause electricity prices to skyrocket. Recent analysis from NERA Economic Consulting reveals significant negative economic impacts resulting from EPA's carbon regulations, as the cost to comply with the plan could total nearly $300 billion from 2022 to 2033. Consumers will ultimately foot the bill for these rising costs, which include double-digit electricity price increases in 41 states, with 28 states potentially facing peak year electricity price increases of at least 20 percent.
A recent study reviewed costs associated with federal overreach on family electricity costs. Nearly 75 million households, or 60% of all U.S. households, are represented by the 32 states, including Indiana, that were analyzed. State by state cost information can be accessed by clicking here.
A 2014 National Mining Association report calls attention to the contributions of coal mining from an employment, tax revenue, and GDP perspective. Access the entire report here http://www.nma.org/pdf/economic_contributions.pdf and refer to Appendix C for a state specific summary of Indiana.
See what the National Association of Manufacturers have to say about what manufacturing means to Indiana. Affordable and reliable electricity from coal paves the way for Indiana to be the nation’s #1 manufacturing state and the state with the #1 manufacturing employment in the nation.