AEP / Coal

EPA Said to Give Power Companies Options to Delay Pollution Rule

WASHINGTON, D.C. — “The Environmental Protection Agency would let power plants apply for more time to comply with new pollution standards under a rule sent to the White House for review, according to people familiar with the process.

The EPA stopped short of granting an across-the-board delay in implementing the rules, as sought by companies such as American Electric Power Co. (AEP) and Southern Co. (SO), according to the people, who spoke on condition of anonymity while the proposal is under review by the White House Office of Management and Budget. Instead, it’s designed to offer guarantees that the EPA rule won’t endanger electric reliability by forcing companies to shut plants that burn coal.

The EPA ‘will reinforce that an additional year is available,’ Christine Tezak, a senior policy analyst at Robert W. Baird & Co. in McLean, Virginia, said in an interview. ‘But people will still have to ask for it.’

The rule, estimated by the EPA to cost $11 billion in 2015, is one of the most expensive proposed by President Barack Obama’s administration. It is set to be issued next month and take effect in 2015.”

— Mark Drajem, Bloomberg

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