Obama energy regulation will cost jobs and threaten electric reliability
Texas provides a better model for clean, affordable, and reliable power
U.S. Congressman Mac Thornberry (R-Clarendon) released the following statement in response to the Environmental Protection Agency’s (EPA) final rule on regulating greenhouse gas emissions from existing power plants:
“We have a responsibility to be good stewards of our environment, but that doesn’t mean that the federal government should be burdening the States with regulations that ultimately hurt consumers by driving up energy prices and threatening the reliability of the nation’s electric grid.
“According to a study by IHS Energy, this latest regulatory overreach by the administration could lead to roughly one million fewer jobs in America and decrease the typical household’s annual disposable income by around $2,100, and the U.S. Chamber of Commerce estimates Texans may pay an additional $1.4 to $1.6 billion for electricity each year because of it.
“Energy producers in our state have found responsible and commonsense ways to produce more energy from many sources. In fact, Texas reduced its energy-related carbon dioxide emissions by nine percent in the first decade of this century without any unnecessary prodding and poking from bureaucrats in President Obama’s EPA.
“During that same period of time, we have seen an economic boom thanks to our energy sector, and our state has provided a model for what our national energy policies should look like. Instead of over-regulating and over-taxing, Texas has fostered a pro-growth economic environment. The federal government should be doing everything it can to replicate what Texas has done.“I recently voted for and the House passed legislation that would stop this EPA regulation. H.R. 2042, the 'Ratepayer Protection Act of 2015,' would delay the compliance date of greenhouse gas emission standards for existing power plants until all judicial and administrative reviews are final and no longer eligible for appeal. The bill would also allow states to opt out of compliance if the governor determines that the rule would have an adverse effect on rate-payers or have a significant adverse effect on the reliability of the state's electricity system."