According to the Charleston Gazette-Mail, Charles Patton, president of Appalachian Power, told energy executives that coal consumption is likely to remain stagnant whether or not federal regulations like the Clean Power Plan are allowed to go forward. He also said that in the national debate about coal and climate change, the public has largely settled on the side of climate change.
“You just can’t go with new coal [plants] at this point in time,” Patton reportedly said. “It is just not economically feasible to do so.”
Regardless of how the Clean Power Plan — President Obama’s signature climate effort placing limits on carbon emissions from power plants — shakes out, Patton estimated that Appalachian Power’s use of coal could drop 26 percent by 2026. The Clean Power Plan was published in the Federal Register last Friday, and already faces more than 20 legal challenges from fossil fuel-producing states, utilities, and coal companies. It’s also being challenged by a group of Republican lawmakers who want to use the Congressional Review Act to essentially negate the rule.
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Categories: Economic Indicators