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Saturday, July 16, 2011

postheadericon Pull the plug on transmission subsidies

High energy prices have exacted a heavy toll on consumers battered by the recession. With gas prices near $4 per gallon, the average household’s monthly spending on fuel climbed 22 percent between October and March. More than 67 percent of Americans said high gas prices have caused them "financial hardship," according to a USA Today/Gallup poll.   

Consumer anxiety over surging energy costs provoked a political firestorm in Washington. Electricity prices could become the next flashpoint on Capitol Hill if the Federal Energy Regulatory Commission burdens consumers with the costs of new electric facilities from which they receive little or no benefit. 

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