Archive for February, 2013

BRT: The EPA Must Carefully Evaluate Impact of Regulations

The Business Roundtable (BRT) outlined its priorities in a new report. Although many of the recommendations have been talked about, members of the BRT Roundtable said they hope the new Congress and President Barack Obama’s  will make progress on their agenda, including  recommendations for the EPA:

“Ensuring that EPA regulations are based on sound science, undergo thorough net cost-benefit analysis, and take into consideration the net cumulative impact these regulations have on energy costs, economic growth and job creation, while being protective of human health and the environment.”

“Carefully evaluating the timing and cumulative impact of EPA regulations on the electric utility industry and, as appropriate, modifying these regulations to ensure continued reliability, avoid unreasonable rate impacts, and maintain a diverse, market-driven portfolio of baseload electricity generation fuel options.”

The BRT is an association of chief executive officers from many leading U.S. companies with over $6 trillion in annual revenues and more than 14 million employees. Their companies generate an estimated $420 billion in sales for small and medium-sized businesses annually. BRT members comprise nearly a third of the total value of the U.S. stock market and invest more than $150 billion annually in research and development — nearly half of all private U.S. R&D spending.

As talks heat up about who will be nominated to be the next EPA Administrator, the nominee will need to listen to  voices like the BRT and take these recommendations into consideration and understand that it’s best to take a common sense action to protect the environment while not harming American jobs and consumers.

As we’ve said before, the next head of the EPA needs to fully analyze and understand the full, cumulative economic impacts of its regulations. American jobs are at stake, as well as access to affordable, reliable electricity that is a pillar to our economic recovery.

BRT companies pay $163 billion in dividends to shareholders and give nearly $9 billion a year in combined charitable contributions.


Rising Energy Costs Impact Fixed Incomes

In the current economy, many Americans are on tight budgets and can’t afford to spend more is on energy. Our recent study finds that more than half of U.S. households will spend an average 20 percent of their family budget on energy, nearly double what they spent 13 years ago.

Last year we spoke with the people of Red Springs, North Carolina to find out how rising energy costs would impact their daily lives. In North Carolina, the 2.1 million households earning less than $50,000 annually spend 23 percent of their income on energy.  To the people of Red Springs, any increase in electricity prices would make a huge difference to their already tight family budgets.

With heavy handed EPA regulations coming, American families are going to be paying higher electricity prices.  Hasty regulations will slow the recovery of our economy, hurt hardworking families and put thousands of jobs at risk.

Share the people of Red Spring’s story with your friends and family on Facebook and Twitter.


Mike Duncan on Platts Energy Week

This morning ACCCE President and CEO Mike Duncan appeared on Platts Energy Week to discuss the promise of coal and clean coal technology. Check it out here if you missed it.

Platts Energy Week is an independent all energy news and talk program aired weekly in Washington D.C., and Houston that reaches industry executives, lawmakers, policymakers, traders and investors, regulators and other stakeholders in energy.


Mike Duncan on Platts Energy Week Tomorrow

Tomorrow, ACCCE President and CEO, Robert “Mike” Duncan will be a guest on Platts Energy Week in Washington, D.C. During his interview, Duncan will discuss a variety of topics facing the coal-based electricity industry, including prospects for new clean coal technologies.

Platts Energy Week is an independent all energy news and talk program aired weekly in Washington D.C., and Houston that reaches industry executives, lawmakers, policymakers, traders and investors, regulators and other stakeholders in energy.

We hope you’ll be watching.


Race Day for ACCCE and JRM

Tomorrow is race day for the No. 7 Clean Coal Car!  ACCCE is the primary sponsor on Regan Smith’s No. 7 Chevrolet in the season-opening race at Daytona International Speedway.

Smith made his JR Motorsports debut in the 2012 season-finale at Homestead-Miami Speedway and won, giving JRM its first-ever victory at the south Florida track. JRM’s Daytona line-up on Feb. 23 includes Kasey Kahne in the No. 5 and Earnhardt Jr. in the No. 88, both of whom will carry ACCCE associate sponsorship on their cars.

Make sure to “Like” America’s Power on Facebook to learn more about the role clean coal plays in our everyday lives, and to keep up with all the excitement from this year’s racing season. Don’t forget to take a stand for coal by joining here.

 


EPA Regulations Threaten Arizona Economy

Last month we mentioned a story regarding the Navajo Generating Station that stated that EPA regulations that would require adding new emissions controls to the plant would cost $1.1 billion and would only marginally reduce the plants portion of haze in the area.

It was reported yesterday that Arizona’s economy could soon be feeling the effects of higher electricity rates under regulations recently announced by the EPA, a group of state lawmakers were told on Monday.

According to the White Mountain Independent, “In a rare joint committee hearing chaired by Senator Gail Griffin (R-Hereford), members of the SenateGovernment and Environment Committee and the House Energy, Environment, andNatural Resources Committee, chaired by Representative Frank Pratt (R-Casa Grande) heard testimony from state air quality regulators, utility officials, a hospital executive, union representative, and the Director of the Navajo Nation Environmental Protection Agency, all of whom agreed that new regulations announced by the EPA could have a significant, negative impact on Arizona’s economy and its ability to attract and create new jobs.”

“This is a non-partisan issue that has alarmed Republicans and Democrats alike,” Senator Griffin said. “Regardless of how one feels about the EPA, there is nothing logical about requiring Arizona residents to pay a billion dollars for regulations that make virtually no improvement in visibility and have nothing to do with public health.”

This is just further evidence that the EPA continues to ignore the damage that its new regulations are causing to the U.S. economy and to states that depend on coal for jobs and affordable electricity.


Diverse Fuel Mix for Electricity Benefits Consumers

The New York Times recently reported that “Electricity prices in New England have been four to eight times higher than normal in the last few weeks, as the region’s extreme reliance on natural gas for power supplies has collided with a surge in demand for heating.”

And it’s no surprise that the  Energy Information Administration (EIA) forecasts that our demand for electricity will continue to rise. To meet that demand, we’re going to need all of our available domestic energy resources. That means natural gas, nuclear, hydro and other renewables like wind and solar and especially coal.

The article went on to point out, “It is certainly true that a region like New England that relies on a single fuel source like natural gas for the bulk of its power does leave itself open for more disruptions than a region  with a more diverse fuel mix,” said Jay Apt, executive director of the Electricity  Industry Center at Carnegie Mellon University in Pittsburgh. “It’s not a knock against natural gas; it’s a knock against a single fuel source.”

The American Public Power Association has warned since 2010 that demand is outpacing the delivery capacity of gas infrastructure. At coal plants, “you can look out the window and see that 60-day supply of your fuel,” said Joe Nipper, the group’s senior vice president of government relations. But gas plants tend to deliver fuel just as it is needed.

According to the article, “Additionally, experts say that the natural gas market and the electric market mesh poorly, because while the electric market runs around the clock, the gas market closes down at night.”

Ultimately, the facts remain: We need all of our domestic energy resources to create a balanced fuel portfolio and satisfy our growing demand for electricity. Coal is reliable and generates the baseload electricity needed to supply the electricity American homes and businesses depend on, no matter what the current demands may be.


America’s Power and JR Motorsports

It’s getting closer to race day.  And this year, ACCCE will have associate sponsorship placement on JR Motorsports’ No. 5, No. 7 and No. 88 Chevrolet cars for all 33 events on the 2013 Nationwide Series schedule. ACCCE will be the primary sponsor on Regan Smith’s No. 7 Chevrolet in the season-opening race at Daytona International Speedway on Feb. 23.

Smith made his JR Motorsports debut in the 2012 season-finale at Homestead-Miami Speedway and won, giving JRM its first-ever victory at the south Florida track. JRM’s Daytona line-up on Feb. 23 includes Kasey Kahne in the No. 5 and Earnhardt Jr. in the No. 88, both of whom will carry ACCCE associate sponsorship on their cars.

Make sure to “Like” America’s Power on Facebook to keep up with all the excitement from this year’s racing season.