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Washington, D.C. New analysis from NERA Economic Consulting projects significant negative economic impacts resulting from the Environmental Protection Agency’s proposed “Clean Power Plan” to regulate CO2 emissions from existing fossil-fuel power plants under section 111(d) of the Clean Air Act.

 

NERA projects that the costs to comply with EPA’s proposed plan could total $366 billion, or more, in today’s dollars. The analysis also finds that 43 states will have double-digit electricity price increases, with 14 states potentially facing peak year electricity price increases that exceed 20 percent. Despite these significant costs, EPA’s proposal would have a meaningless effect on global climate change: atmospheric CO2 concentrations would be reduced by less than one-half of a percent, equating to reductions in global average temperature of less than 2/100th of a degree, and sea level rise would be reduced by 1/100th of an inch—equal to the thickness of three sheets of paper.

 

NERA also projected that EPA’s Clean Power Plan could cost consumers and businesses a staggering $41 billion or more per year, far outpacing the costs of all Clean Air Act rules for power plants in 2010 ($7 billion) and the annual cost of the Mercury and Air Toxics Standards rule ($10 billion). Much of NERA’s cost projection is based on consumers having to spend more than $500 billion to reduce their use of electricity. The NERA analysis also finds that the proposal could shutter 45,000 megawatts or more of coal-based electricity, which is more than the entire electricity supply of New England.

 

EPA’s proposal sets state CO2 emission rate targets for 49 states based on four EPA “building blocks.” The new analysis is...

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Press Release

Sunny Skies for Administrator McCarthy as Americans Given the Cold Shoulder

Thursday, October 9, 2014

Washington, D.C. – In stark contrast to the coal miners who protested outside her agency’s headquarters on Tuesday, EPA Administrator Gina McCarthy has had a decidedly sunnier itinerary this week, visiting Los Angeles on Monday and

Brace for Higher Costs, Less Reliable Grid This Winter

Wednesday, October 8, 2014

Washington, D.C. – Last winter brought frigid temperatures to many parts of the United States. Electric grid reliability concerns were widespread, and electricity prices surged. With colder months on the horizon, the American Coalition for Clean Coal Electricity (ACCCE) expressed its concerns about how diminished coal generation, as a result of Environmental Protection Agency (EPA) regulations, will impact electricity costs and electric reliability for American consumers.

 

Coal Communities Bring their Message to EPA’s Doorstep

Tuesday, October 7, 2014

Washington, D.C. – Today, current and retired members of the United Mine Workers of America from West Virginia, Pennsylvania and Ohio, will descend on Washington and march to the Environmental Protection Agency’s (EPA) headquarters. Having faced their own struggles under President Obama’s costly climate crusade, the miners will deliver a powerful message: EPA’s proposed carbon regulations will leave communities decimated and will devastate the broader U.S. economy.

 

American Coal Unfairly Ignored in President’s Energy Proclamation

Thursday, October 2, 2014

Washington, D.C. – President Obama’s proclamation declaring October “Energy Action Month” cites the United States’ growing energy independence but ignores the primary reason: affordable, abundant, reliable coal. Coal provides nearly 40 percent of America’s electric power, making it the most used feedstock for electricity generation.

 

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