On May 9, 2024, EPA published a final rule establishing Greenhouse Gas Standards and Guidelines for Power Plants (the “GHG Rule”). Coal-Fired Power PlantsCoal-fired power plants face a highly uncertain future under the GHG Rule. The inevitable effect of this capacity factor cut-off will be to substantially reduce the chance that new base-load gas plants can be built. Existing Natural Gas Power PlantsExisting and modified natural gas power plants are excluded from these new requirements — a significant change from the proposed rule. Key TakeawaysThe GHG Rule represents the latest effort by EPA in recent years to reduce carbon dioxide emissions from fossil-fired power plants.

Source: New York Times May 10, 2024 04:34 UTC