Guest Column: Utility MACT Would Make Affordable Energy a Memory
Subscribe today for Free Enterprise Updates
- Latest business trends and best practices
- News about legislation and regulation impacting business
- Business how-to articles from industry experts
- Commentary and interviews with newsmakers in business and politics
America isn’t running out of energy. But the Obama Administration is running away from our most abundant energy resource: coal. We have over two centuries worth of coal, containing more energy than all the rest of the world’s oil reserves combined.
Despite coal’s abundance, reliability and affordability – the EPA is set on knocking coal off its spot at the top of America’s energy portfolio. From Cap and Trade to New Source Performance Standards for Greenhouse Gases and from particulate matter rules to energy industry “crucifixions” the Obama Administration’s environmental agenda will stop at nothing to bring down coal.
Their latest attempt, Utility MACT, is the single most expensive EPA regulation ever placed on coal-fueled power plants. According to EPA’s own studies, compliance costs are projected to be $10.4 billion in 2015, with a total compliance cost of $94.8 billion.
Those costs will be passed along to ratepayers, resulting in massive layoffs and higher consumer prices. Utility MACT could cost 1.65 million jobs by 2020 according to industry studies, while causing rate increases of 14-19 percent in 30 coal-reliant regions.
Utility MACT is the beginning of the end to affordable electricity from coal. That’s why passing Senator Inhofe’s Joint Resolution 37, has been a legislative priority for senators who are worried about keeping America on track. Why not give your senator a call and see where he or she stands on affordable, reliable, domestic energy from coal?
Lisa Camooso Miller is vice president for media relations at the American Coalition for Clean Coal Energy