Manufacturers: EPA’s New Proposed GHG Rule Will Drive Up Energy Prices

Rule on New Power Plants Will Hurt Competitiveness and Job Creation

National Association of Manufacturers (NAM) President and CEO Jay Timmons issued this statement on the Environmental Protection Agency’s (EPA) proposed New Source Performance Standards (NSPS) for new power plants:

“Today, the EPA proposed yet another regulation that will hurt manufacturers, consumers and jobs. Looking at the broad range of costly EPA regulations, from Boiler MACT, Utility MACT and the Cross-State Air Pollution Rule, to coal ash and other greenhouse gas regulations, it’s evident that the Administration is playing a primary role in the 20 percent cost disadvantage facing manufacturers in the United States. The cumulative impact of these regulations is bad news for our manufacturing economy and will result in less reliable electricity at a higher price.

Specifically, this latest proposed regulation would limit the construction of new coal fuel power plants, taking a stable and affordable source of energy off the table and putting the power grid at further risk. The impact will be higher electricity prices on manufacturers and consumers versus lower energy prices that allow manufacturers to continue to lead the economic recovery and create jobs.

With this latest action from the EPA to effectively take clean coal off the table, it is clear the agency doesn’t understand the benefits of a true ‘all of the above’ energy strategy that grows jobs and enhances our energy security. Manufacturers and the 12 million people making things in America want a strategy that includes all available domestic sources of energy, including clean coal. Piling on with more costly regulations is not the answer.”

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