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The U .S . Environmental Protection Agency’s ( EPA ) scheduled policy changes for newer coal plants is being referred to a “war on coal” since it calls for the installing of very expensive, unproven carbon capturing processes as well as sequestration-technologies, which numerous electric utility companies say they can not meet the expense of nor carry out — which, in effect, results in a prohibition on the building of brand new coal facilities, say the Center for Regulatory Effectiveness (CRE). CRE is asking for a switch from a “war on coal” to a “war by coal” wherein the coal businesses exerts its legal rights.
“Potential EPA regulations on existing power plants could have far-reaching implications on the American economy,” said Matt Letourneau, a spokesman for the Chamber of Commerce. “The Chamber is heavily engaged in the rule-making process and is preparing an aggressive response.”
To be sure, since the brand new U.S. policies would take several years to be deployed, the industry’s points have “the virtue of not being testable” before the midterm elections, noted Andrew Holland, a previous Republican legislative aide who is today an energy analyst at the American Security Project, a nonpartisan think tank.
Holland said the market sector has published these types of comments for previous EPA policies, debating they could increase expenditures.
Power Industry companies made their concerns clear to regulators. To illustrate, the National Rural Electric Cooperative Association directed three of its experts to a White House meeting to show the way not-for-profit co-ops, that greatly depend on coal for energy, might be pinched by the new EPA proposal.
“They obviously are concerned about cost,” said Jo Ann Emerson, chief executive of NRECA, who expressed the co-ops provide electricity to some of the nation’s poorest regions.
We’ll see how this turns out. Suffice it to say, if the new EPA rules move forward ‘as is’; you can likely expect an increase in residential electricity rates as the increase in wholesale prices of electricity go up.