|TO:||Energy Policy Task Force|
|FROM:||Nancy Gravatt, Senior Vice President, Communications|
|DATE:||January 30, 2014|
|SUBJECT:||NMA Leads Off Panel of Speakers on Impact of EPA Regulatory Policy at Energy Coalition Launch|
Today, stakeholders representing virtually every sector of the U.S. economy announced the launch of Partnership for a Better Energy Future, a coalition advocating for a commonsense approach to regulatory policies in order to ensure the continued availability of affordable and reliable energy for American families and businesses. The National Mining Association (NMA) and the American Coalition for Clean Coal Electricity worked together in forming and mobilizing the coalition.
Following introductory comments by coalition co-chairs Karen Harbert, president and CEO, the U.S. Chamber’s Institute for 21st Century Energy, and Jay Timmons, president and CEO, the National Association of Manufacturers, NMA President and CEO Hal Quinn led a panel of speakers discussing the impact of the U.S. Environmental Protection Agency’s greenhouse gas regulatory policies. He:
- expressed grave concern about EPA policies that will make our electricity supply less diverse, less reliable and more expensive, underscoring the fact that proposed EPA rules will effectively bar new higher efficiency lower emission coal plants from being built. He emphasized that new plants will be needed to replace older plants already retiring due to EPA rules issued two years ago, while the next round of EPA rules addressing existing plants can potentially close more plants. He said this could potentially strand $20 to $30 billion dollars being invested to comply with the earlier MATS rules.
- emphasized that the breadth of the businesses and industries in the coalition is critical because if the energy mix narrows, instead of the low and stable energy prices that a diverse energy portfolio provides, they are the vulnerable sectors who will be “the shock absorbers of volatile and higher energy pricing.”
- said there is “shared concern” over the precedent these rules will establish with EPA setting standards based upon technology that has not been commercially demonstrated. “After all,” he said “how can you set an emission standard if you don’t have any experience with the technology in the specific application you are targeting?”
A copy of the press release issued by the Partnership for a Better Energy Future is posted to the website where additional information about the coalition, its members, its mission and latest news can be found.