By mid-December, the EPA is planning to enact the Utility MACT rule, which would place unnecessary burden on America’s economic recovery. This week, Behind the Plug will feature five facts about the Utility MACT rule that show the EPA needs to slow down and assess these regulations before they’re enacted. Share this post on Facebook by clicking “Like” above.
The EPA’s proposed Utility MACT rule is, simply put, the most expensive rule that EPA has ever written for coal-fueled power plants.
By the EPA’s own analysis, Utility MACT will cost $11.4 billion in 2015—making it more expensive than the Acid Rain Program from 1990, which cost $3.75 billion in 2010, and the 2005 Clean Air Interstate Rule, with a cost of $4.6 billion in 2015.
Together with three other EPA regulations, National Economic Research Associates found, the Utility MACT Rule would cost electricity producers $21 billion annually from 2012 to 2020. Additionally, an average of 183,000 American jobs could be lost per year, and electricity rates could increase by double digits in many regions of the U.S.
America’s economy just can’t afford to be buried by regulations right now.
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