Friday, August 23, 2013

EPA Destroys 1000 Jobs Through Regulation

The Miami Herald reports:
Florida Power & Light and its sister company, NextEra Energy Resources, will eliminate 1,000 positions or 6.7 percent of their combined, nationwide workforce during the next two years, as part of an effort to improve efficiency and enhance the use of technology, the utility said Wednesday.

There's more:
Faced with higher costs associated with more stringent regulations, utility companies across the industry are trying to be more efficient, said Jack Plunkett, chief executive of Plunkett Research, based in Houston.

“Utility companies are under a tremendous amount of pressure because of changes in EPA regulations,” Plunkett said. “So the cost of what the industry has to go through has to be paid somehow, and the only way to do so is to charge consumers to pay more for their power — or cut jobs.”

Hope and change!