14 Jul '11, 3pm

AEP Shelves Major Carbon Capture Project

The company has said that without federal legislation to address climate change, it cannot justify significant investment aimed at reducing its carbon footprint. And it said that proposed Environmental Protection Agency (EPA) regulations, including the Hazardous Air Pollutants Rule, Clean Air Transport Rule, Regional Haze Program Implementation Plans, Coal Combustion Residuals Rule and proposed Clean Water Act standards, would cost AEP $6 billion to $8 billion by the end of the decade and raise electricity prices for its business customers by 10 to 35 percent or more.

Full article: http://www.environmentalleader.com/2011/07/14/aep-shelves...

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