EPA ‘Clean Power Plan’ Could Cost U.S. $366B
21 Oct 2014
Energy
The U.S. Environmental Protection Agency plan that calls for 19 percent carbon emissions reductions by 2030 in Wyoming could spike Wyoming electricity costs as much as 26 percent and cost the country $366 billion.
A 69-page study conducted by New York-based Nera Economic Consulting released the figures Thursday. The study was paid for by the American Coalition for Clean Coal Electricity, American Fuel & Petrochemical Manufacturers, the Association of American Railroads, the American Farm Bureau Federation, the Electric Reliability Coordinating Council, the Consumer Energy Alliance and the National Mining Association. Many of the industries represented by the groups would be soaking up much of the primary economic costs of the proposed “Clean Power Plan” before the costs filter down to the rank and file.
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