Rio Grande Foundation Gives Obama Administration Lump of Coal for Christmas
For Immediate Release: Tuesday, December 22, 2015
For further Information, Contact: Paul Gessing 505-264-6090
(Albuquerque) – Today, the Rio Grande Foundation announced it is suing the Obama Administration over the Clean Power Plan (CPP), which is an illegal rule to regulate carbon dioxide emissions from power plants. The Foundation is joining the Competitive Enterprise Institute (CEI) in asking the Courts to review the CPP rule.
Rio Grande Foundation President Paul Gessing said, “This is yet another unlawful Washington power grab by the Obama Administration that will cost New Mexico rate payers dearly. The Rio Grande Foundation believes the appropriate Christmas gift for economically-strapped New Mexicans is a lawsuit to stand up for those would pay the price for this ill-conceived and illegal regulation.”
In 2014, the Foundation, along with New Mexico Representatives Candy Ezzell and Tim Lewis filed comments against the CPP. In part, the Rio Grande Foundation cited, the traditionally-state nature of electricity regulation and the fact that under the plan, residential rates are projected to increase by 13 percent to 14 percent, while industrial rates are projected to increase by 23 percent.
Gessing concluded his remarks saying, “This regulation is a continuation of President Obama’s promise to make electricity prices ‘necessarily skyrocket’ while his Administration lavishes subsidies on so-called ‘renewables.’ The CPP is an effort to use government regulations to hinder the use of traditional energy sources.” The Rio Grande Foundation is taking legal action in an effort to stop these disastrous effects from happening.”
The Foundation’s 2014 comments as well as more information about the organization’s work on energy and a wide variety of issues relating to New Mexico’s economy can be found at The Rio Grande Foundation’s website, www.riograndefoundation.org.
Information on the Competitive Enterprise Institute can be found at: www.cei.org.
