Update on the Impact of EPA's Utility MACT and Transport Rules: New Regulations to Take 30 GW of Electricity Generation Offline and the Announcements Keep Coming
"So if somebody wants to build a coal-fired plant they can. It's just that it will bankrupt them..." -- Barack Obama speaking to San Francisco Chronicle, January 2008
In October, the Institute for Energy Research reported that, according to the Environmental Protection Agency's (EPA) modeling and announced power plant closures, EPA's upcoming regulations will shutter almost 28 GW of electricity generation capacity. At the time, we warned that "this number will grow as plant operators continue to release their EPA compliance plans." Now, a mere two months later, our analysis indicates that the amount of generation set to close because of EPA's regulations has grown to almost 30 GW.
