Alexander: Administration's New Carbon Regulation on Existing Power Plants “Will Drive Electricity Prices Up” and Hurt Job Creation in Many Parts of the Country
Posted on June 2, 2014
WASHINGTON, June 2 – U.S. Senator Lamar Alexander (R-Tenn.) today released the following statement on the administration’s announcement to issue a new carbon regulation on existing power plants:
“This new carbon regulation on existing power plants will drive electricity prices up and drive down job growth in many parts of the country. This is just one more example of the federal government expanding the big, wet blanket of burdensome regulations on our economy that put people out of work and make it harder to find a job. This regulation also bypasses congressional authority – it’s the job of Congress, not unelected bureaucrats, to determine whether and how to regulate carbon dioxide.”
The EPA’s new regulation would require utilities to reduce greenhouse gas emissions from their existing power plants by 30 percent, below 2005 levels, by 2030. A U.S. Chamber of Commerce study estimated that such a change could result in 224,000 fewer U.S. jobs on average every year through 2030, and force U.S. consumers to pay $289 billion more for electricity through 2030.
Alexander is a member of the Senate’s Energy and Natural Resources Committee and the lead Republican on the Senate Appropriations Committee’s Subcommittee on Energy and Water Development.