EPA Proposes Clean Power Plan
June 2, 2014 - Kestrel Management
On June 2, 2014, the Obama Administration released its draft plan (Clean Power Plan proposal) to significantly reduce carbon pollution from power plants. In what could transform the electric utility industry, EPA proposes cutting carbon emissions from existing power plants by 30% below 2005 levels nationwide by 2030. States will have varying targets, and will be allowed discretion and flexibility on how to achieve those targets. States will have until June 2016 to develop and submit their plans—which could be extended until June 2018, if more time is needed.
EPA will accept comment on the proposal for 120 days after publication in the Federal Register. This action by the EPA is sure to face legal challenges and state plans may vary widely. While no immediate impact is expected today, the rule will most affect coal-fired power plants, as they emit more carbon than other generation sources.
Visit the EPA website for more information and details about the proposed rule: http://yosemite.epa.gov/opa/admpress.nsf/bd4379a92ceceeac8525735900400c27/5bb6d20668b9a18485257ceb00490c98!OpenDocument
Submitted by: Chris Tarpey