Texas Attorney General Ken Paxton today announced that Texas and West Virginia are leading a 24-state coalition that filed a lawsuit challenging the Obama Administration’s Section 111(d) Rule, a plan to restructure the way electricity is produced and consumed throughout the country.
EPA is seeking to reduce carbon emissions from electric-generating plants by 32 percent below 2005 levels by 2030. On Oct. 16, the Electric Reliability Council of Texas (ERCOT) released a report that said EPA’s Rule would increase retail electric prices by up to 16 percent by 2030, not including costs for new transmission lines and other costs needed to comply with the Rule.
ERCOT’s report can be found at: http://www.ercot.com/news/press_releases/show/76880.