Today the Oklahoma chapter of Americans for Prosperity Foundation released a study entitled: “EPA Overreach: Higher Cost, Less Energy, Greater Risk.”
The study conducted by William Yeatman, the Assistant Director of the Center for Energy and Environment at the Competitive Enterprise Institute (CEI), serves as an independent analysis of the PSO Settlement with the EPA and Sierra Club and the forthcoming cost increases to Oklahoma utility ratepayers.
“The consequences of President Obama’s EPA regulatory overreach have never had a greater impact to the pocketbooks of Oklahomans than they do now,” said AFPF-OK State Director Matt Ball.
“Mr. Yeatman’s independent analysis, by addressing the true costs to ratepayers of the PSO-EPA settlement, demonstrates that the heavy hand of the federal government and accounting gimmicks are no substitute for facts and respect for the pocketbooks of Oklahoma families and businesses.”
William Yeatman of the Competitive Enterprise Institute said the following: “PSO’s strategy to close two coal plants decades early is certainly the best deal for Sierra Club and EPA, which are waging a war on coal, but it’s a terrible deal for ratepayers. In fact, PSO’s fuel switching plan costs more, in exchange for less energy and greater risk. PSO’s plan is lose-lose-lose. For the sake of its ratepayers, PSO should back out of its fuel switching settlement with Sierra Club and EPA.”