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  • EPA Regulations Could Cost America's Largest Utility $18 Billion

    Bloomberg reported Friday on the latest developments in the Environmental Protection Agency’s regulatory push against the fossil fuel industry. Southern Co., the largest American utility owner in terms of market share, now says it will lose up to $18 billion as a result of new EPA regulations.

    The planned regulations “are misguided in their content and timing,” Southern Chairman and Chief Executive Officer Thomas Fanning said today in a statement.

    Southern, based in Atlanta, is among energy companies that say new rules from President Barack Obama’s EPA will force some coal-fired power plants to close, and may lead to higher energy costs. Electricity prices for Southern customers may increase an additional 10 percent to 20 percent during the next 10 years, according to the company.

    The EPA regulations will “only impede the U.S. economic recovery, reduce our ability to create jobs and add to the economic burdens of our customers,” Fanning said.

    Air, water and waste rules affecting coal-fueled electric utilities will require $13 billion to $18 billion in capital expenses through 2020, according to the company.

    EPA Administrator Lisa Jackson has said the agency’s rules are needed to protect public health and the environment. EPA spokesmen didn’t immediately respond to requests for comment on Southern’s projections.

    The company said the EPA actions, including a proposal to cut mercury and other air toxics from power plants, will require installation of pollution controls on about 12,000 megawatts of coal-fired generation, or about 60 percent of the company’s fleet. The rules also will contribute to the shutdown of units with a total capacity of 4,000 megawatts.

    Posted in Energy, Featured, Scribe [slideshow_deploy]

    9 Responses to EPA Regulations Could Cost America's Largest Utility $18 Billion

    1. Nikki says:

      Not to mention the EPA regulations on farmers. Not only will that take away jobs, it will take away food that is provided for our nation. Sad.

      • Jeff- PA says:

        Nikki,

        Truer words never spoken. They are a group that have gone unchecked themselves. The last hearing that was televised showed the ineptitude of these people, and the impact they have on many things they don;t understand themselves, yet they will enforce rules regardless of the "sustainable" of American agriculture.
        This happens to be the answer to our economic woes. A stronger agriculture is a stronger backbone.

    2. Tom Padamonsky says:

      Perhaps the company providing electricity to the Washington D.C. region should give them a taste of what they are proposing. If they use fossil fuel they should stop/close down for a day or two or, maybe a week to give them a taste of reality. But you say they'll just turn on the backup generators which also use fossil fuels. The EPA could help conserve energy by turning off all their lights & air conditioners & coming to work on bicycles. Let them be the role model for their proposals…Lead by example…..

    3. TimAz1 says:

      I find it amazing how the EPA continues daily to demonstrate its contempt for the American citizenry. I don't think this country is big enough for both the EPA and the American citizenry. A choice must be made after the 2012 election to decide if this agency deserves the support of the American people that it seeks to destroy. The EPA certainly is presenting itself as another branch of govt. that can no longer justify it's existence do to its propensity for waist, fraud, and massive abuse of the American people. Had enough yet?

      • Silverpoodle says:

        EPA is both judge and jury against any company they chose to curtail or drive out of business. Why do you think our industry has most all been moved over seas. They do not have to answer to any other government agency, congress,etc EPA makes its own rules and can adjust them at any time.
        Send a sample of air,water to a private lab and get the results, then do it again and tell them it is for EPA–GUESS WHAT! the readings will be higher..

    4. Thomas says:

      Where is the cost-benefit analysis? The utility has stated the cost, but EPA has not claimed any benefit. Would the proposed reduction in pollution have any significant health benefit, or have we already reached the point of entirely diminished returns? Nature itself produces substantial "pollution", including mercury in the air, water, and soil. Will these pollution controls make any real difference in the overall presence of these pollutants in the environment? Or is this another scam like the CO2 scam?

    5. Stirling says:

      Can we please have the EPA abolished in 2013 (after the Election). This would be a nice 1st Step.. It would be an instant boost to the economy to put money back in the pockets of Job creators and taxpayers.

    6. Lloyd Scallan says:

      What really "admazing" is that so many American do not realize the EPA is nothing but a mouth piece for Obama to deflect blame. Does anyone think the EPA inact regulations without expressed direction from Obama? In his own words, Obama stated "under his plan, energy prices will necessarly skyrocket". Why is there so much surprise? Obama admitted this is his plan. Wake up America. Don't blame the EPA. It's Obama directing this, and every other disastrous policy his government has implemented.

    7. Carrie says:

      They want to eliminate mercury in the air yet they are forcing us to use light bulbs with mercury that we know will end up in the land fills and end up seeping into the water systems. Hmmm!

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