Santee Cooper statement on EPA proposed CO2 rule for existing power plants
June 3, 2014
MONCKS CORNER, SC – The following is a brief statement of response to the EPA’s proposed CO2 rule for existing power plants, issued earlier today:
Today’s EPA-proposed rule would require South Carolina electric utilities to cut CO2 emissions by 51 percent by 2030. This is an oppressive requirement, and greater than the percent reductions required of 47 other states. If it stands, this standard will hurt South Carolina’s economy by driving up power costs and driving away industry and the jobs they provide.
Santee Cooper is proud of our track record providing reliable, affordable and environmentally protective electricity, and this proposal threatens our ability to continue doing so.
Much of what EPA suggests that utilities do to lower CO2 emissions, Santee Cooper is already doing. Santee Cooper has proactively cut emission levels 23 percent since 2005. Unfortunately, the EPA’s proposed CO2 reduction counter starts at 2012.
To achieve our 23-percent reduction in CO2 emissions, Santee Cooper has employed most of the tools EPA suggests utilities adopt. We have closed coal units, we have implemented significant energy efficiency programs, we have added more than 130 MWs of renewable generation and we are using more natural gas generation.
Santee Cooper will thoroughly analyze the proposed rule and work closely with our fellow utilities and other stakeholders in responding to EPA. This is the beginning of a process, and we will be fully engaged. Chief among our considerations will be minimizing economic harm, protecting jobs for South Carolinians and maintaining a competitive business climate for industry.
Santee Cooper is South Carolina’s largest power producer, the largest Green Power generator and the ultimate source of electricity for 2 million people across the state. Through its low-cost, reliable and environmentally responsible electricity and water services, and through innovative partnerships and initiatives that attract and retain industry and jobs, Sant.ee Cooper powers South Carolina. To learn more, visit www.santeecooper.com.
