U.S. CHAMBER OF COMMERCE

Reports

Reports

Report

New legal review from Sidley Austin on EPA's power plant regulations

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The Environmental Protection Agency (EPA) hasn’t been shy about touting the alleged economic and environmental benefits of its proposed Clean Power Plan. But a recent analysis just released by the Energy Information Administration (EIA), the statistical arm of the Department of Energy, tells a very different story.

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In recent testimony before Congress, the Energy Institute’s Karen Harbert took the Obama Administration to task for failing to explain how the country was supposed to meet the greenhouse gas emissions goal outlined in the Intended Nationally Determined Contribution—or INDC—it submitted to the United Nations. It looks like others are beginning to catch on.

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Even in the midst of a boom in U.S. crude oil production, there are many who persist in the belief that oil production in the United States matters little in world oil markets. The results of this third edition of the Institute for 21st Century Energy’s International Index of Energy Security Risk should put this canard to rest once and for all. As we will see below, circumstances that just a few short years ago would have played havoc with world oil markets did not in 2013, primarily because of greater U.S. output.

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The Energy Institute has conducted a comprehensive analysis of state comments regarding EPA’s proposed regulations on new power plants. Our guide summarizes the 12 most common and significant concerns expressed from states, demonstrating the breadth and severity of concerns. The concerns are summarized in the first section of the report, followed by representative comments from states on each area. Also available is an Excel worksheet of notable comments filed by states and stakeholders.

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This 2014 Edition of the Institute for 21st Century Energy ‘s Index of U.S. Energy Security Risk (U.S. Index) shows a decline in risk for the second straight year. This year’s results could mark the beginning of a durable trend of U.S. improved energy security, though the continuation of this trend is not inevitable.

There are good reasons to be optimistic about growing U.S. oil and natural gas production, but realizing America’s full potential is not a foregone conclusion.

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The availability and affordability of electricity has been central to the growth of every developed country.  America’s rapid growth into an industrial, technological, and economic powerhouse has been fueled by the availability of a wide variety of electricity sources.  Our nation’s diverse sources of electric generation currently provide America with an abundant, reliable and affordable electric supply to support the continued growth and development of our economy. 

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The Environmental Protection Agency (EPA) is proposing new regulations on carbon emissions from the power plants of today and tomorrow. In order to evaluate these new regulations, all Americans should understand the effect they will have on consumers, our economy, and on carbon emissions.
 

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Last year’s inaugural edition of the Institute for 21st Century Energy’s International Index of Energy Security Risk was the first comprehensive comparative analysis of the energy security risks confronting the United States and 24 other large energy consuming countries from 1980 to 2010. This second edition incorporates the addition of a new metric methodological improvements, and revised data through 2012 to provide a more relevant and timely picture of these risks.

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This 2013 Edition of the Institute for 21st Century Energy ‘s Index of U.S. Energy Security Risk (U.S. Index) illustrates, perhaps more than any of the previous editions, the scale and scope of the changes taking place in U.S. energy markets and how those are improving energy security at a pace unseen since the early 1980s. It also is a good time to take stock of how the U.S. Index, after four editions, has done at answering the simple question: Is our energy security is getting better or worse, and why?