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Detailed text transcripts for TV channel - FOXNEWS - 20110824:17:16:00

It s a reliability question not costs. all costs will be passed on to the ratepayer. they are concerned about their obligation to provide reliable energy and they say we are going to have blackouts. you had it exactly right when you described what is really going on here. basically my response is that fear-mongering by industry is nothing new. i think all of us have heard fear-mongering over the years. and in this case fear-mongering is going to basically not affect the job losses that they are claiming. i don t think any jobs are going to get lost. industry doesn t like regulation they hate it. and any new regulations, it s the sky will be falling and the sky is halfway down right now. megyn: a heritage report suggests that the commerce department itself is estimating that the regulation -gs are going to cost 60,000 jobs, that the administration is forecasting that according to this heritage report. well the two reports that i ve actually been able to look ....

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