President Trump signed an executive order today that rolls back the Environmental Protection Agency’s (EPA) Clean Power Plan (CPP). The action will change the course of illogical regulations that could have hindered SECO Energy’s ability to provide low-cost, reliable energy to its members.
The CPP had the potential to greatly impact the pocketbooks of families and businesses in SECO’s service area. The CPP proposed forcing energy providers in Florida to reduce CO2 emissions from existing power plants by 25 percent – potentially causing power plants that have already been retrofitted with state-of-the-art environmental controls to close prematurely.
Shuttering working, viable power plants prematurely would cost energy providers billions of dollars. The costs of closing these plants and building new CPP-approved power plants would also cost energy providers billions of dollars. These costs would directly impact consumers – raising electric rates for SECO members and for all energy consumers nationwide.
CEO Jim Duncan stated, “I am hopeful for the first time in a long time that a rational, reasonable national energy policy can be established that balances environmental concerns with reliable, affordable energy needs. The EPA greatly overreached when it tried to force energy providers and consumers into a plan that according to the former EPA head herself, Gina McCarthy, would have no measurable climate impact.”
Duncan continued, “With the new administration, we are entering into new and as yet uncharted territory. I hope cool heads will prevail and common sense makes a comeback. As I have said for years, energy consumers deserve a national energy policy that protects the environment as well as consumer’s pocketbooks and need for reliable power.”