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October 9, 2007
Power Company Forced to Pay $4.6 Billion
After an 8-year legal battle, American Electric Power Co. has agreed to pay $4.6 billion to cut emissions.
The settlement did not find AEP guilty of violating the Clean Air Act. Nonetheless, it must also cough up a $15-million civil fine and $60 million in cleanup and mitigation costs. If the company hadn't settled, it would have risked having to pay much more.
Nobody likes pollution. But nobody likes stratospheric power bills either. As moonbats continue to swamp every corner of our world with environmentalist propaganda, cases like this will inevitably sprout up everywhere, as state governments catch the scent of free money. As with tobacco suits, ever more extravagant settlements will be extracted. The costs will of course be passed along to consumers, until the day comes that people can no longer afford electricity.
No doubt power companies will then be seized by the government in the name of the people, as is done in places like Venezuela. Buy your portable generator now while supplies last.
On a tip from Bill.
Posted by Van Helsing at October 9, 2007 10:52 AM
Comments
There are probably a dozen enviro spokespeople out there trumpeting this as a huge victory for the cause. But as soon as the bills have to be paid and the rates go up, they'll be screaming about how the power company is out to screw them. And they won't make the connection. *sigh*
Posted by: joated at October 9, 2007 4:48 PM
