“[W]e are announcing today that Chief of Staff William Daley has given new instructions to the cabinet. He has asked cabinet members to minimize regulatory costs, avoid imposing excessive regulatory burdens, and prioritize regulatory actions that promote economic growth and job creation.”
We can all agree that any regulatory action should minimize costs and burdens on job creators. This is exactly why the EPA needs to make major changes to recent proposed regulations.
Back in June, the National Economic Research Associates (NERA) released their initial findings on two of the EPA’s new rules for power plants: the Transport Rule (now known as the Cross-State Air Pollution Rule) and the Maximum Achievable Control Technology Rule. For every job these regulations would create, four jobs would be lost. That’s about 1.4 million jobs lost. For the Show-Me State, the impacts are also stark: Missouri would see a net employment loss of 76,000 job-years from 2013 to 2020, and electricity rates would increase by as much as 23.1 percent.
When former Senator Kit Bond visited our Clean Coal Technology Mobile Classroom last week, he noted that “Missouri is very fortunate that we have an abundant supply of coal... We have access to the most available, affordable source of energy.”
Sen. Bond is right. With Missouri receiving 81 percent of its electricity from coal, the state has the 17th lowest electricity prices in the nation. Yet these new EPA regulations would have a significant impact on coal-fueled power plants that Missouri depends on for reliable energy. The rules would cost the entire American electricity sector more than $180 billion over less than two decades.
How can you help us protect Missouri jobs and prevent electricity rate increases? Visit the American Coalition for Clean Coal Electricity’s state affiliate coalition, Energy for Missouri Jobs. Sign our petition to let your elected officials know that Missouri cannot afford regulations that raise electricity costs and destroy jobs when so many Missourians are struggling in this difficult economy.