A $1.7 billion average increase in electricity costs is estimated to result in a $1.3 billion decrease in personal income and a loss of 13,000 more jobs in the region.
Sentiment: NEGATIVE
When you increase the cost of energy, jobs go elsewhere.
The number of electrical injuries cared for in hospitals in the US is estimated at as many as 50,000; the cost of these injuries on the US economy is estimated at over one billion dollars per year.
Today, energy prices are at historic highs. Some analysts estimate that energy price shocks this year could cost American consumers more than $40 billion. Speaking very frankly, we cannot afford this kind of expense.
The more that energy costs, the less economic activity there can be.
Right now, every American is affected by high energy prices. Working families, small businesses and consumers across the country are feeling the pinch with no end in sight.
The demand for electricity to have a strong, growing economy is too great to be simply offset by more conservation.
I expect an energy bill to increase and diversify supply and stabilize energy prices - not drive up energy costs in one part of the country to subsidize energy in another region.
Cuts in carbon emissions would mean significantly higher electricity prices. We think the American consumer would prefer not to be skinned by Obama's EPA.
I think the cost of energy will come down when we make this transition to renewable energy.
Reliable and competitively priced electricity is fundamental to growing our economy and creating jobs. Our customers expect nothing less.
No opposing quotes found.