The U.S. Senate will soon hold what is likely to be the most important energy vote this year: an up-or-down vote on Senator Inhofe’s resolution (S.J.Res. 37) to overturn the EPA’s onerous Utility MACT rule. This may be Congress’ last chance to stand up to the EPA and stop this rule, the most expensive power regulation in American history.
Finalized by the Environmental Protection Agency (EPA) in February, Utility MACT has the stated goal of reducing mercury emissions at U.S. power plants. However, the real aim is to fulfill the President’s promise that under his administration, “if somebody wants to build a coal plant, they can – it’s just that it will bankrupt them.” It’s a senseless approach that will force power plants to close across the country, cause electricity prices to spike by an average of 12% nationwide, and cost the economy well over a million jobs.