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Washington, D.C. – The American Coalition for Clean Coal Electricity today blasted the Environmental Protection Agency’s planned release of its rule to regulate carbon dioxide emissions from power plants in 49 states.

 

“Even in the face of damning analyses and scathing opposition from across the country, EPA’s final carbon rule reveals what we’ve said for months – this agency is pursuing an illegal plan that will drive up electricity costs and put people out of work,” said Mike Duncan, president and CEO of ACCCE. “This rule fails across the board, but most troubling is that it fails the millions of families and businesses who rely on affordable electricity to help them keep food on the table and the lights on.”

 

ACCCE will be analyzing the economic impacts of the final rule. The carbon rule EPA proposed last year carried a catastrophic price tag of at least $366 billion according to analysis done by NERA Economic Consulting. In addition, NERA projected electricity consumers in almost every state would face double digit electricity price increases. Despite these enormous costs, the EPA rule will have no effect on climate change, according to ACCCE analysis.

 

“Sadly, not everyone has the deep pockets of the environmental activists pushing this political agenda,” Duncan said. “This new regulation will be devastating to 59 million low and middle income American families who bring home an average less than $25,000 annually and spend 17 percent of that modest budget on energy.”

 

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