On April 25, the Environmental Protection Agency (EPA) released four major new regulations for the electric industry, including a much-anticipated rule to cut emissions from power plants, a sweeping move that will aggravate reliability concerns for electric cooperatives and other utilities nationwide.
“The path outlined by the EPA is unlawful, unrealistic and unachievable,” said Jim Matheson, CEO of the National Rural Electric Cooperative Association. “It undermines electric reliability and poses grave consequences for an already stressed electric grid.”
The power plant rule constrains existing coal and new natural gas plants by requiring them to install carbon capture and storage (CCS) technology that is not yet reliable or commercially available.
“The new EPA rules ignore our nation’s ongoing electric reliability challenges and are the wrong approach at a critical time for our nation’s energy future,” Matheson said.
The power plant rule will force the early closure of electricity generation sources that are available 24/7 and will also impede the construction of new natural gas plants. The timing of these sweeping new rules is particularly troubling as electric utilities in North Carolina and across the nation face a surge in demand for electricity from factors like transportation electrification and the rapid expansion of data centers to support artificial intelligence, e-commerce, and cryptocurrency. In North Carolina, our population is growing, and a significant amount of economic development is taking place. All of this adds to the need for more electricity in our state.
South River EMC is committed to providing you with affordable, reliable, and sustainable power, now and into the future. Clean energy technologies must be balanced with generation sources that are always available to ensure a reliable electric grid.
Under the new rule, existing coal-fired power plants that plan to operate past the start of 2039 must install CCS to capture 90% of emissions by 2032. The rule also requires new natural gas plants that operate more than 40% of the time to install CCS and capture 90% of their carbon emissions by 2032. These standards, and their reliance on unproven CCS technology, will undermine electric reliability.
In our state, 22% of our power is generated from natural gas, which has 50% less carbon emissions compared to coal. Plans are being made by our power supplier, North Carolina Electric Membership Corporation (NCEMC), to add even more natural gas generation by 2030. Requiring a new natural gas fired plant to operate only 40% of the time or to install CCS technology, which is not yet reliable or commercially available, is a major concern. While our dependence on coal is only 5% of our fuel mix, the new rule will impact existing coal-fired plants directly at a time when we need more generation from multiple resources.
Electric cooperatives understand the need to keep the power on at a cost local families and businesses can afford. Surveys show that reliability is more important to electric cooperative members than the cost of electricity. Both are extremely important, and South River EMC is committed to providing you with affordable, reliable, and sustainable power, now and into the future. Clean energy technologies must be balanced with generation sources that are always available to ensure a reliable electric grid.
Electric cooperatives such as South River EMC deliver power to 42 million Americans. Our top priority is to meet our members' energy needs, and we must have reliable electricity available to meet that requirement. You can help in this matter by letting our federal elected officials know how you feel about policy decisions that will impact us all. Please consider joining Voices for Cooperative Power (VCP) today so that you can make your voice heard. Additionally, be sure to vote in November.
Join VCP today!
Voices for Cooperative Power is a network of Americans dedicated to transforming rural and suburban communities. We educate policymakers on the localized, community-based approach that electric co-ops take to keep the lights on.