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PA Faces "Looming Power Crisis" After Gov. Shapiro's Electricity Tax And Plant Closures

 Pennsylvania is facing a significant power crisis, highlighted by the lack of progress since Governor Josh Shapiro's promises for a new energy era. Senator Gene Yaw criticizes the governor's approach and the response to rising electricity costs.

• Pennsylvania's power needs are increasing, particularly due to data centers fueled by AI technology.

• Despite promises of job creation and clean energy investment, there has been little improvement in energy supply.

• Governor Shapiro's RGGI electricity tax and the closure of power plants without replacement plans are key issues being overlooked.

• A projected 80,000-megawatt shortfall in the next decade means at least 20 new plants are needed, but none are planned or underway.

• The Senate Energy Committee is working on measures to ensure grid reliability, but efforts are hindered by political blockages.

• Proposed solutions include introducing the Grid Stabilization and Security Act and reviving the Baseload Energy Development Fund to address the energy shortfall.

• Yaw emphasizes the need for reliable energy sources, questioning the effectiveness of renewable sources during high-demand situations.

The crisis calls for immediate action to construct thermal baseload power generation. Senator Yaw urges the governor to collaborate in finding real solutions to Pennsylvania's energy challenges. 

https://www.zerohedge.com/markets/pa-faces-looming-power-crisis-after-gov-shapiros-electricity-tax-and-plant-closures

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