U.S. CHAMBER OF COMMERCE

Steve Eule's Testimony for the House Science Subcommittees on Energy and Environment Joint Hearing on EIA’s Report Analyzing the Impacts of EPA’s CPP Regulation

Steve Eule's Testimony for the House Science Subcommittees on Energy and Environment Joint Hearing on EIA’s Report Analyzing the Impacts of EPA’s CPP Regulation

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There are many aspects of the EIA analysis of EPA’s Clean Power Plan that are worthy of comment, but for the purposes of this testimony I will limit myself to three main points:

1. EIA’s assessment of EPA’s plan demonstrates that the economic costs exceed the climate benefits by a wide margin;

2. EIA’s assessment shows that contrary to EPA’s claim, both electricity prices and electricity expenditures will be higher under EPA’s plan; and

3. EPA’s rule will harm the U.S. coal industry and jeopardize the reliability of the nation’s electricity system.

 

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