EPA power plant move a reason for refiners to worry

09/20/2013
If the electricity-generation business was destined to build few coal-fired units anyway, why does the US need a regulation ensuring that outcome? The question arises from the rationale behind the Environmental Protection Agency’s claim that greenhouse-gas (GHG) emission standards it proposed on Sept. 20 for new power plants “are not expected to have notable costs and are not projected to impact electricity prices or reliability.” EPA cites government and industry projections “that new power plants that are built over the next decade or more would be expected to meet these standards even in the absence of the rule.” In those projections, gas-fired combustion units dominate power-plant con...
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