Republican Indiana Gov. Mike Pence: “These regulations will drive up the cost of electricity at a time when our economy can least afford it. In addition, the higher cost of electricity will disproportionately affect low- and fixed-income Hoosiers. Manufacturing states, like Indiana, will feel the brunt the greatest as our industrial sectors put more of their revenue toward their electricity bill and less toward putting more Hoosiers to work.”
Hal Quinn, president and CEO of the National Mining Association: “The rule effectively bans construction of the most efficient power plants the nation will need to provide affordable electricity for a growing economy and will certainly create further economic hardships for millions of families, especially those most vulnerable to higher energy costs.”
Specifically, the new standards mandate carbon capture and storage technology be used on all new coal-fueled power plants. Smart, necessary regulation by the EPA makes sense; this does not. The EPA is putting at risk our most plentiful energy resource (coal), one that supplies nearly half of our nation’s electric power. In addition, the carbon capture and sequestration technology being suggested is not yet proven in an industry setting.
Locally, Hoosier families and businesses get more than 80 percent of their electricity from coal. Indiana consumes 70 million tons of coal per year. The early retirement of these coal-fired power plants — which will happen — will require substantial fuel switching to primarily more expensive natural gas to meet growing demand. Again, that will mean higher electricity costs for you, me and our employers.
It’s time for everyone to contact their members of Congress and urge action against the EPA.