Over the weekend, former Missouri Senator Kit Bond wrote in the Southeast Missourian about the Environmental Protection Agency’s Cross-State Air Pollution Rule, which requires power plants to reduce emissions of sulfur dioxide and nitrogen oxide. (News coverage of the new rule here and here.)
Senator Bond writes that this new regulation will have a serious impact on coal-fired power plants:
Every time an American family turns on a light switch, heats a home in winter or air conditions that home in the summer, that family will pay higher utility bills. Workers who depend on coal-fired plants for paychecks will face unemployment when plants are closed. Rural communities that depend on tax revenue from utilities to fund schools will struggle to keep doors open for students when coal-fired facilities are shut down due to the cost of complying with EPA’s regulatory onslaught. And farmers and businesses — from the local pharmacy to drugstore — will face higher energy prices, making it more difficult to stay in business — let alone create jobs.
Senator Bond notes that, together with the Utility MACT regulations, this new rule will cost jobs. He writes,
Recent analysis from the National Economic Research Associates shows that by 2020 the cost of just two of the coming onslaught of regulations the Cross-State Air Pollution Rule and the Utility Maximum Achievable Control Technology rules — will be the loss of 1.4 million jobs and an averageutility bill increase, of 11.5 percent — and in some cases, more than 20 percent.
For more about the EPA’s regulatory agenda, be sure the visit the NAM’s No New Regs site.