CNBC's Sullivan: High Rates, Coal and Gas Shutdowns Forcing Choice Between Higher Energy Costs, No Energy

On Monday's broadcast of CNBC's "Last Call," host Brian Sullivan stated that higher interest rates due to Federal Reserve rate hikes are endangering new energy projects, which is a problem considering that large amounts of coal and natural gas production are expected to be shut down in 2023, so "we may end up powerless, literally. And the projects that are going forward are often now going forward only if the developers are granted higher electricity costs."