No new gas fired power plants? Where do you get your information from? I work in the industry and this is the first I’ve heard of it.
Seems I have the advantage of having actually read the article.
From Obama’s 2008 speech:
““So if somebody wants to build a coal-powered plant, they can; it’s just that it will bankrupt them, because they’re going to be charged a huge sum for all that greenhouse gas that’s being emitted” Obama told the San Francisco Chronicle editorial board in January 2008.
He added, “Under my plan of a cap-and-trade system, electricity rates would necessarily skyrocket. Even regardless of what I say about whether coal is good or bad. Because I’m capping greenhouse gases, coal power plants, you know, natural gas, you name it — whatever the plants were, whatever the industry was, they would have to, uh, retrofit their operations. That will cost money. They will pass that money on to consumers.”