As winter approaches, residents in Connecticut and throughout New England remember the polar vortex of 2013, and face concerns over rising electric prices. One of the factors contributing to the price of electricity is the reliability of power plants, also known as electric generating units (EGUs). Power industry representatives have expressed concern that rules recently proposed by the U.S. Environmental Protection Agency to regulate carbon dioxide emissions from fossil fuel-fired EGUs nationwide will jeopardize the region’s access to reliable power and could increase electricity prices.
This past June, the EPA proposed rules under Section 111(d) of the Clean Air Act to reduce CO2 emissions from existing fossil fuel-fired EGUs to roughly 30 percent below 2005 levels by 2030. The proposed rules, known as “Existing Source Performance Standards,” are the EPA’s first major move to regulate greenhouse gases from existing stationary sources, and a landmark in the agency’s overall campaign regarding climate change. The rules generally would apply to EGUs rated at more than 73 megawatts (MW) (250 million British Thermal Units per hour, or MMBTU/hr), and would set state-by-state emission reduction goals.
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