Regulatory Battle Looms Over EPA Misfire
The battle between federal regulators is about to begin, and the nation's electric utilities may be in the crossfire. On one side is the Environmental Protection Agency (EPA) and the other side is the Federal Energy Regulatory Commission (FERC). The issue is how best to manage the national mission of providing safe, economic and reliable energy.
In the case of the EPA, last week I described how two new EPA rules will effectively shutter 30,000 to 50,000 megawatts worth of coal-fired power plants. This unexpected loss of capacity is the equivalent of dropping approximately 30 nuclear power plants from the nation's fleet. Then, this past week, I described the effect of the EPA's three proposed rules. These rules effectively prohibit the construction of new coal plants unless the industry finds a silver bullet that miraculously takes carbon out of carbon-based coal....629 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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