Lighting makes you feel comfortable and secure, but it also takes up a big chunk of your energy budget. Fortunately, there are a number of simple, low-cost measures you can take to save money while still getting the high-quality light that you're used to.
President Obama’s Clean Power Plan, if implemented, will cost consumers and businesses hundreds of billions of dollars. Rural electric cooperatives, including Buckeye Power in our state, will get whacked especially hard because The Buckeye State depends heavily on coal to produce power.
So when the folks at the National Rural Electric Cooperatives Association saw the Environmental Protection Agency’s rosy estimate of what the Clean Power Plan regulation would cost them, they thought, “Hmmm, that seems mighty low.”
The association decided to fact check EPA’s estimate that the regulation would cost rural co-ops $109 million to $133 million in 2030, the only year estimated. Shutting down just one coal plant early in its life cycle can cost more than $133 million, so the EPA’s calculation seemed implausible for the cost of shutting down many coal plants.
The association commissioned an independent analysis to get its own estimate. The result: Clean Power Plan compliance will cost rural co-ops (and their customers) $2.5 billion to $3.6 billion in 2030.
The EPA wasn’t required to estimate the regulation’s impact beyond a single year – and that’s all it did. But the trade group’s consultant, conducting a more business-like assessment, predicted the Clean Power Plan will cost rural co-ops $11.7 billion to $20.3 billion from 2022 to 2030 as carbon dioxide reduction requirements are phased in.
What accounts for the gigantic difference? The regulators didn’t accurately represent how coal plant ownership works. Rural co-ops are small players in the energy business and frequently own minority stakes in power plants, perhaps 5 percent or 10 percent or 25 percent.
“The (EPA) included only those co-ops that are majority owners of coal plants projected to be in operation in 2030; it excluded from its analysis the many co-ops that own partial, non-majority shares of coal units. NRECA’s analysis reflects costs to 230 affected generating units both fully and partially owned by all 31 small entity electric co-ops.”
It’s no exaggeration to say the regulators’ estimate showed little understanding of how business works in the real world.
It isn’t clear how much of the multi-billion dollar cost will fall on Buckeye Power customers. The co-op supplies electricity to 400,000 homes and businesses in 77 of Ohio’s 88 counties.
At the moment, Buckeye Power doesn’t foresee the need to prematurely close any Ohio coal plants. But it is clear that the Clean Power Plan, if enforced, will make turning on the power more expensive than the Obama administration is telling us.
Hot water is essential for home comfort, but it doesn't come cheap. The average household uses 64 gallons of hot water each day and spends between $400 and $600 per year on water heating, according to the U.S. Department of Energy. If water heating is draining your household budget, the seven tips t…
SCHOLARSHIPS!! APPLICATIONS DUE FEBRUARY 19. Attention Buckeye REC parents and high school seniors. Get applications and instructions for these scholarships from your high school guidance counselor or visit us online at www.buckeyerec.coop/scholarships! They are for graduating high school seniors that are a child or legal ward of Buckeye REC’s permanent residential member receiving service for the duration of the 2015-16 academic year (August 2015-June 2016). Please take the time, as well as the students you are assisting, to look over the guidelines closely. There are two categories of scholarships being offered. “Children of Members Scholarship” and “Touchstone Energy Achievement Scholarship”. This year’s “Children of Members Scholarship” on the Buckeye REC local level in both boy and girl categories include first-place, $1,000 and second place, $750. This is a total of 4 possible awards, two for boys and two for girls. The “Touchstone Energy Achievement Scholarship” has been created to reward those students who have committed themselves to the pursuance of a college education despite unique and substantial personal challenges which may have befallen them. A $1000 local scholarship is offered. A “Letter of Recommendation”, as well as a “Letter of Nomination” from a second independent sponsor is required. There are guide sheets for these letters included in the Scholarship instructions and should be provided to those “nominating and recommending”. Students must apply for the local Buckeye REC scholarships to qualify for the statewide scholarship competition.
All winners will go on to compete at the OREC state level in Columbus, OH. In both boy and girl categories for “Children of Members Scholarship”, the awards are $3,400, $2,400, $1,900, $1,800, $1,700, $1,600, $1,500, 1,400 and $1,300 - First through Ninth place. This is a total of 18 possible awards, seven for boys and seven for girls. For the “Touchstone Energy Achievement Scholarship” finalists will compete for up to six $2,000 scholarships that will be awarded at the statewide level.
APPLICATIONS DUE FEBRUARY 19. Buckeye REC is pleased to be able to offer these scholarships. Please share with someone you know that is elgible. ... See MoreSee Less