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The Clean Power Plan (CPP), the signature piece of environmental regulation from the Obama Administration, is now facing an uncertain future. Following President Trump’s request for a review of the rule and the June 1st announcement that the U.S. will be leaving the Paris agreement, the President is widely expected to eliminate or significantly change the CPP. Review by the Office of Management and Budget (OMB) typically takes about 60 days, meaning that the review period may be drawing to a close. The CPP has faced criticism from both sides of the aisle, as well as from industry and environmental… [more]
View InsightIn an April 26th speech to business leaders at the U.S. Chamber of Commerce, Nick Akins, President and CEO of American Electric Power, urged the U.S. to develop a comprehensive energy policy. Akins explained that a recent “perfect storm of circumstances” – including EPA regulations, diminished reliance on nuclear power, and low natural gas prices – are making natural gas the de facto favored fuel for power generation. This is a concern for Akins, who points out that natural gas prices have been volatile historically, and that relying on a single fuel source for power generation is risky. [Columbia Dispatch]… [more]
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