Cue the howls of outrage. On Monday the Environmental Protection Agency issued a draft rule to cut carbon emissions from existing power plants by 30 percent below 2005 levels by 2030, a move likely to be the Obama administration’s most significant in the fight against climate change. Immediately, Senate minority leader Mitch McConnell called the proposal “a dagger in the heart of the American middle class, and to representative Democracy itself.” Not to be outdone, the Heartland Institute warned that “by the time EPA is finished, millions of Americans will be freezing in the dark.”
There is nothing new about the right wing’s apoplectic response. Nor in the talking points from business groups like the Chamber of Commerce, which attacked the standards pre-emptively with a report intended to indicate that the agency’s move would spell economic calamity. (Never mind that the Chamber’s analysis actually found that the costs would be quite small.) Conservative politicians and organizations that represent polluters have attacked the proposal as job-killing, cost-ballooning executive overreach, although in fact the EPA has a legal duty to regulate carbon emissions. And coal interests (and some coal-state Democrats) say it will kill the industry, which has slid into financial distress as reserves dwindle and become costly to mine.
If the power plant rules were indeed likely to leave the nation in the dark, one might expect the companies that supply the country’s power to be similarly alarmed. In fact, the apocalyptic rhetoric in Washington doesn’t reflect the way the rules have been received by stakeholders outside the Beltway. It’s not surprising that renewable energy and natural gas companies welcomed them. But even some of the utility companies that operate the country’s dirtiest power plants responded with what looks more like a collective shrug than mass panic. Many companies are pleased with the flexibility in the proposal, and the fact that it sets 2005 as the baseline year from which reductions will be measured. That year was the high point for US emissions, so reductions from that baseline will achieve less than if the reduction were based on current levels.
“It’s really too early for us to comment specifically on how it will affect rates to our members, but because of the baseline year and the timeline for compliance we think that there’s going to be a lot of opportunity for us to be creative in managing costs,” said Eric Olson, the vice president and general counsel of Great River Energy, a nonprofit electrical cooperative that serves about 1.7 million people in Minnesota and Wisconsin.