Yesterday the EPA finally released its new rule proposal to limit carbon emissions from existing power plants. The rule mandates a 30 percent reduction in CO2 by the year 2030, based on 2005 levels. The implications for ordinary consumers could be staggering and confusion seems to abound about what exactly this move means for power consumers. To help clear the air about EPA’s proposal, the Electric Reliability Coordinating Council has provided responses to several questions regarding the rule, which are paraphrased here.
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