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Energy official: Electricity prices to soar 80 percent, thanks to EPA coal regulations

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Regulations for new coal plants would increase electricity prices by as much as 80 percent, an Obama administration official told lawmakers on Tuesday. Julio Friedmann, deputy assistant secretary for clean coal at the DEPArtment of Energy, told members of the House Energy and Commerce Committee's oversight board that carbon capture and storage technology was still not ready for prime time. “The...

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