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.