Analysis: Obama's climate plan will speed up adoption of renewables

06/26/2013 | St. Louis Post-Dispatch

President Barack Obama's ambitious plan to confront climate change would speed up the adoption of renewable energy and natural gas while hurting the chances for new coal plants to be built, according to an analysis by The Associated Press. Obama's plan could push up electricity costs by 1 cent per kilowatt-hour, with increased energy efficiency absorbing some of the higher power costs, the analysis finds. American Electric Power CEO Nick Akins said that Obama's plan can be implemented "without a major impact to customers or the economy" if utilities are given the time needed to transition.

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