MSCI Urges Members To Call Congress To Support Ratepayer Protection Act
With the National Association of Manufacturers and the Partnership for a Better Energy Future, MSCI will soon send a letter to all members of the U.S. House of Representatives supporting H.R. 2042, the Ratepayer Protection Act of 2015, which would require the U.S. Environmental Protection Agency (EPA) to extend the compliance dates for its regulation, expected to be released this August, governing emissions from existing power plants.
Specifically, the bill would require that the judicial review process conclude before requiring states to develop implementation plans. H.R. 2042 would also provide that no U.S. state will be required to implement a state or federal plan that the state’s governor, in consultation with other relevant state officials, determines would have a significant adverse effect on that state.
The letter will argue that the EPA’s rule will cost consumers and businesses between $366 billion and $479 billion to comply with – figures that correspond with a 12 percent to 17 percent increase in electricity rates. The letter also notes, “Officials from more than two dozen states have said that EPA should withdraw its proposal, citing concerns such as higher energy costs, threats to reliability and lost jobs.”
The House is expected to vote on H.R. 2042 this week or next week. MSCI urges its members to call their representatives in the U.S. House to ask them to support H.R. 2042, the Ratepayer Protection Act of 2015. For the latest on the legal challenges to the EPA power plant rule, read this story.