excalibur
Diamond Member
- Mar 19, 2015
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More expensive electricity and energy is on the way courtesy of the Biden administration.
You ain' seen nothing yet! But Biden regulations have already added ~$1 trillion in expenses for Americans. And they keep piling on, one on top of the other.
Meanwhile, Pakistan is going to increase electric production from coal by fourfold.
www.reuters.com
You ain' seen nothing yet! But Biden regulations have already added ~$1 trillion in expenses for Americans. And they keep piling on, one on top of the other.
Meanwhile, Pakistan is going to increase electric production from coal by fourfold.
The U.S. environmental regulator said on Tuesday it sent the White House its final plan to slash interstate smog and soot pollution from the power sector, but big energy companies warned that the measure on track to be finalized next month would cost them billions of dollars.
The plan, first proposed last year by the Environmental Protection Agency (EPA), would require the power industry to slash nitrogen oxides, or NOx, pollution to curb a decades-old problem of power plant emissions fouling the air in other states, often hundreds of miles away.
The EPA told Reuters the White House's Office of Management and Budget(OMB) accepted the agency's proposal for review on Feb. 9 and that the final rule was expected by March 23.
The EPA docket for the stricter rules has received more than 112,000 comments, including from industry heavyweights who say the EPA is underestimating the cost of implementation by billions of dollars.
Kinder Morgan Inc (KMI.N) warned the plan would cost an estimated $4.1 billion in upgrades and retrofits to about 950 engines along its pipelines, which carry about 40% of the natural gas consumed in the United States.
That estimate is 16 times higher than the one by the EPA, whose assessment for the industry would factor in less than 100 engines for Kinder Morgan, the company said in its letter to the agency.
Kinder Morgan and other companies also opposed the EPA's 2026 deadline to get upgrades completed.
“It would likely take at least until 2045 to implement the (EPA’s proposal) across all of the engines that currently exceed the proposed emissions limits,” it said.
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U.S. EPA sets soot pollution rule, energy companies warn of costs
The U.S. environmental regulator said on Tuesday it sent the White House its final plan to slash interstate smog and soot pollution from the power sector, but big energy companies warned that the measure on track to be finalized next month would cost them billions of dollars.