Via the Indianapolis Star:
In faulting backers of Gov. Mike Pence for defending Indiana against the U.S. Environmental Protection Agency’s power plan, the March 4 IndyStar “Truth Squad” falls short of the truth.
The Truth Squad discounts studies by our organization and others showing the high costs of this rule on the state’s households and businesses, while touting the EPA’s own low-cost estimates. But the EPA is the author of this enormous regulation, so of course it would lowball its costs. This is the same agency that predicted its 2012 power plant rule would close only 5,000 megawatts of electricity generation when in fact the rule is currently on track to close 10 times more. This partly explains why experts voice concerns even now about the reliability of the power grid.
Gov. Pence appears to understand, unlike the environmentalists referenced by Truth Squad, that affordable energy is essential to a thriving, competitive industrial base and the high-wage jobs it supports. Indiana boasts an industrial economy. The EPA’s costly power plan would make it smaller and the state’s power costs larger.
Hal Quinn, President & CEO, National Mining Association, Washington, D.C.
See the article here.
- On March 9, 2016