• According to the Energy Information Administration, the average price of electricity sold in the U.S. in the residential sector as of March 2009 was 11.38 cents per kilowatt hour.
• The Waxman-Markey bill has the potential to cause electricity prices to increase significantly for residential, industrial, and commercial customers.
• An amendment during the May 2009 committee markup that would sunset the act should the average residential electricity rate rise 10 percent over a 12-month period failed on a mostly party-line vote. By voting no, the Democrats ceded the point that Waxman-Markey will increase electricity rates across the country.
• The mostly coal-dependent regions of the country will be hit hardest by this bill. Specifically, areas where heavy industry is present are mostly coal-powered because it has been the cheapest form of energy for the past century. A large increase in electricity prices will be devastating to these domestic industries and send jobs overseas as factories close or relocate.