Brett Guthrie: “I include in the Record a Bloomberg News story reporting how power costs are already forcing U.S. factories to shut…”

“I include in the Record a Bloomberg News story reporting how power costs are already forcing U.S. factories to shut down, featuring an aluminum mill in my district, in Hawesville, Kentucky. This underscores the risk to our Nation's competitiveness that these policies bring about, and this bill will not do what those on the floor say that it will do. [From Bloomberg News, July 7, 2022] The US Industrial Complex Is Starting To Buckle From High Power Costs (By Joe Deaux and Naureen S Malik) It was only a matter of time, really. Europe's fertilizer plants, steel mills, and chemical manufacturers were the first to succumb. Massive paper mills, soybean processors, and electronics factories in Asia went dark. Now soaring natural gas and electricity prices are starting to hit the US industrial complex. On June 22, 600 workers at the second-largest aluminum mill in America, accounting for 20 percent of US supply, learned they were losing their jobs because the plant can't afford an electricity tab that's tripled in a matter of months. Century Aluminum Co. says it'll idle the Hawesville, Kentucky, mill for as long as a year, taking out the biggest of its three US sites. A shutdown like this can take a month as workers carefully swirl the molten metal into storage so it doesn't solidify in pipes and vessels and turn the entire facility into a useless brick. Restarting takes another six to nine months.…”