Coal-dependent power companies from American Electric Power Co. to Duke Energy Corp. face billions of dollars in added costs from the Obama administration’s proposed climate rules. Renewable-energy backers and nuclear generators like Exelon Corp. stand to gain from the effort to shift the foundations of the U.S. energy industry.
The nation’s biggest business lobby says President Barack Obama’s plan to tackle climate change could cost the U.S. economy $50 billion a year. Supporters predict it will create jobs and lower power bills.
The Obama administration’s upcoming greenhouse gas rules are gaining acceptance from an unlikely quarter -- power companies -- and splitting the energy industry’s normally unified opposition to new limits.
The Obama administration issued a scaled-back regulation meant to keep fish from being sucked into the water intakes of factories and power plants, winning support from industry while drawing fire from environmentalists.
Bloomberg BNA — Nuclear power plants that have recently ceased operations are storing more spent nuclear fuel in on-site fuel pools than the facilities were originally intended to hold—with the consent of the Nuclear Regulatory Commission—senators said at a May 14 hearing.
President Barack Obama garnered his second legal victory this month in his effort to clean up coal- fired power plants, as the U.S. Supreme Court upheld a rule designed to cut pollutants that cause smog and acid rain.
The U.S. Supreme Court yesterday strengthened the Environmental Protection Agency in its drive to cut air pollution, a result critics warned would lead to costly regulations as the agency moves to curb global warming.