ACCCE Blasts Finalized EPA Carbon Emissions Rule
August 2, 2015
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.”
EPA’s rule packs a double punch, as it will also force an additional 49,000 MW of electricity supply to close, according to EPA’s own calculations. This is more than the entire electricity supply of New England. The Federal Energy Regulatory Commission— the independent agency tasked with protecting the reliability of our nation’s energy transmission system — has been outspoken in its concerns about the serious reliability impacts of the rule.
Many legal experts have also challenged EPA’s carbon rule. For example, in March, Professor Laurence Tribe of Harvard Law School ― a constitutional law scholar and former law professor of President Obama ― testified before Congress that, “EPA is attempting an unconstitutional trifecta: usurping the prerogatives of the States, Congress and the Federal Courts all at once. Burning the Constitution should not become part of our national energy policy.”
“Rest assured we won’t stop fighting until this illegal and economically destructive rule is overturned by the courts,” added Duncan.
The American Coalition for Clean Coal Electricity is a partnership of the industries involved in producing electricity from coal. Coal, an abundant and affordable American energy resource, provides nearly 40 percent of our power. By 2018, the coal-based power industry is expected to have invested more than $126 billion to develop technologies to use this critical resource more cleanly and efficiently than ever before.