Bloomberg BNA: EPA Power Plant Rule ‘Workable’ But Needs Improvement, Utilities Say

September 18, 2014

An Environmental Protection Agency proposal to regulate carbon dioxide from existing power plants is “workable” but needs improvement, energy executives said at a Sept. 18 forum.

While utilities said they could support the EPA's approach to regulating carbon dioxide emissions, they also cautioned that the rule may not provide the incentives needed to stimulate investment in demand reduction programs or new lower-carbon generation sources during a forum sponsored by the Georgetown Climate Center and Lazard, a financial advisory firm.

“Overall, the industry views the rule as generally workable, but it needs some important tweaks to make it truly workable,” Ted Craver, chairman, president and chief executive officer of Edison International, said. “The framework is there, but the comments will be oriented toward being constructive and suggesting improvements that need to be made.”

Read the full article on Bloomberg BNA.