Law360, New York (April 6, 2012, 12:47 PM EDT) -- On March 27, 2012, the U.S. Environmental Protection Agency issued its long-awaited "Standards of Performance for Greenhouse Gas Emissions from New Stationary Sources: Electric Utility Generating Units" (EGUs). The proposal is the clearest statement yet by the EPA that new coal-fired power will be strongly disfavored unless built with carbon capture and sequestration (CCS) technology.
The Proposed Standard
The EPA’s proposed standard — 1,000 pounds of CO2 per megawatt-hour (lb/MWhr) — is based on the demonstrated performance of natural gas combined cycle (NGCC) plants, which the...
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