March 14, 2024
(Alexandria, Virginia) – In a letter to Kentucky legislators, Consumer Action for a Strong Economy (CASE) urged the rejection of Senate Bill 349 (SB 349), which “would burden Kentucky residents and businesses with less reliable and higher costing energy.”
Detailing the ultimate effects of SB 349, CASE Chairman Gerard D. Scimeca wrote, “This legislation locks in existing inefficiencies and hinders innovation and dispatchable baseload power. The beneficiaries of this protectionist proposal are outmoded infrastructure, not Kentucky consumers.” That is the primary — but by no means the only — rationale sufficient to dispense with any further consideration of this
Highlighting the inflationary implications of SB 349, Scimeca continued, “More than any other commodity or industry, the cost of energy and energy production has the greatest effect on the price of goods and services throughout the economy. By effectively mandating more expensive methods of energy production, SB 349 is inherently inflationary.”
CASE’s letter opposing SB 349 was sent to the all members of the Kentucky House of Representatives, which is currently considering the legislation.
See CASE’s letter here.
