01 Jun '12, 2pm

When Cleaning Up Power Plants, Time is Money

When Cleaning Up Power Plants, Time is Money

Associated Press The W.A. Parish Electric Generating Station in Thompsons, Tex. New rules on pollution from coal plants will cost the American economy $175 billion to $275 billion between now and 2035, according to a new analysis from the Electric Power Research Institut e, a nonprofit utility consortium. But the price can be be closer to the lower figure if the government shows flexibility in how the rules are phased in, the researchers said. Power sector expenditures will range from $140 billion to $220 billion, according to the institute, which used computer modeling to predict effects across the economy. Those are big numbers. But the electricity industry is vast, so the estimated impact on the retail price of electricity is expected to be just 4.5 to 8 percent in 2015, the group said. Other trends, like a big increase or drop in overall demand or a major change in the...

Full article: http://green.blogs.nytimes.com/2012/06/01/when-cleaning-u...

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