He's saying two things there.
1. The cost of phasing out coal plants early will be very high for several reasons, but he focuses on how we will be required to compensate the operators of the plants we shut down. That, in turn, will create a 'utility debt', on top of the general debt we are already piling up.
2. Popular support for an early phase out of coal plants would decline dramatically if people were told their energy bills would rise as a result.
He is also improperly joining the two statements. If people were paying higher rates to satisfy argument 2, those higher rates would be spent to off-set the costs from argument 1.
Last edited by Resolute 14; 03-08-2016 at 01:45 PM.
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