Oct 09, 2017

Trump Administration Shows Bold Leadership on Job-Crushing Power Plant Rule

Post by Freedom Partners

Arlington, VA – Environmental Protection Agency (EPA) Administrator Scott Pruitt today announced that he will issue a proposed rule to repeal the job-crushing EPA power plant regulations. The move follows initial action from President Trump in the signing of the April 2017 Energy Independence Executive Order, which began the process of unwinding some of the EPA’s most reckless and burdensome energy rules.

Freedom Partners Vice President of Policy Nathan Nascimento issued the following statement:

“The Trump administration has taken bold, commendable actions to protect the American people from some of the most egregious examples of federal overreach. The Obama power plant rule would have made energy bills more expensive, hurt businesses and the economy, and ultimately make it tougher for average Americans to get ahead. We encourage the president to work with Congress to pass legislation overturning these counterproductive, job-crushing regulations once and for all.”

The power plant rule and the other regulations addressed throughout the year by President Trump are among the dozens identified in Freedom Partners’ Roadmap to Repeal. Released at the outset of the new administration, this how-to guide details the necessary steps the president and Congress can take to dismantle harmful regulatory barriers and promote growth and opportunity for all Americans.

Under President Obama, over 600 major regulations were added to the Federal Register at costs exceeding $700 billion.

BACKGROUND

Obama Energy Regulations Would Produce Little Environmental Benefit In Exchange For Billions In Costs Felt By Middle Class Consumers

“The Great Thing About This [111(d)] Proposal Is That It Really Is An Investment Opportunity. This Is Not About Pollution Control.” (Press Release, “Pollution Vs. Energy: Lacking Proper Authority, EPA Can’t Get Carbon Message Straight,” Energy & Commerce Committee, 6/23/2014)

Obama Energy Regulations Were Estimated To Have A Substantial National Impact On Energy Costs

NERA Economic Consulting 2014: The Cost Of Complying With The Clean Power Plan Could Be About $366 Billion Over A 15-Year Period Between 2017-2031. “The net result is that energy system costs would be greater by about $366 billion in present value terms over the period from 2017 through 2031 under the State Unconstrained (BB1-4) scenario.” (David Harrison, Jr. And Anne E. Smith, “Potential Energy Impacts Of The EPA Proposed Clean Power Plan, NERA Economic Consulting, 10/16/14)

“NERA Concluded That The EPA’s Rule Would Cost Consumers And Businesses $41 Billion Or More A Year, Nearly Five Times The Costs Of All Clean Air Act Rules For Power Plants Prior To 2010.” (Timothy Cama, “Industry-Backed Report Says EPA Climate Rule To Cost $366B,” The Hill, 10/16/14)

“Compliance Spending Will Total $29 Billion To $39 Billion Per Year.” (“FAQs About NERA’s Analysis Of The Clean Power Plan,” American Coalition For Clean Coal Electricity, 11/3/15)

“Compliance Spending Over The Period 2022 To 2033 Will Total $220 Billion To $292 Billion.” (“FAQs About NERA’s Analysis Of The Clean Power Plan,” American Coalition For Clean Coal Electricity, 11/3/15)

“NERA Said The Proposed Rule Would Close 45,000 Megawatts Of Coal-Fired Power Generation Capacity, Which Is More Than New England’s Entire Capacity.” (Timothy Cama, “Industry-Backed Report Says EPA Climate Rule To Cost $366B,” The Hill, 10/16/14)

“All Of The Lower 48 States Will Have Higher Electricity Prices Because Of The Clean Power Plan.” (“FAQs About NERA’s Analysis Of The Clean Power Plan,” American Coalition For Clean Coal Electricity, 11/3/15)

“28 States Are Projected To See Peak-Year Electricity Price Increases Of More Than 20%.” (“FAQs About NERA’s Analysis Of The Clean Power Plan,” American Coalition For Clean Coal Electricity, 11/3/15)

43 States Will See Double-Digit Percentage Increases In Electricity Bills. “The analysis, written by Nera Economic Consulting, said that people in 43 states would see double-digit percentage increases in their electricity bills, with at least 20 percent increases in 14 states.” (Timothy Cama, “Industry-Backed Report Says EPA Climate Rule To Cost $366B,” The Hill, 10/16/14)

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