March 6, 2014(Key vote)
Title: Electricity Security and Affordability Act
Vote Smart's Synopsis:
Vote to pass a bill that requires the Environmental Protection Agency (EPA) to base carbon emissions standards on technology that has been in use for at least 1 year.
Prohibits the Administrator of the EPA from implementing or enforcing any rule establishing emissions performance standards for a greenhouse gas from any new source that is a fossil fuel-fired electric utility generating unit, unless certain actions occur, including, but not limited to the following (Sec. 2):
The administrator separates sources fueled with coal and natural gas into different categories; and
The administrator sets standards based on the best system of emission reduction only after the standard has been achieved for at least 1 continuous 12-month period by at least 6 units within a fossil fuel category.
Requires the EPA, before issuing a rule establishing standards of performance for emissions, to create a report including the following (Sec. 3):
The text of the rule;
The amount of greenhouse gases the rule is projected to reduce; and
The economic impact of the rule, including impact on the following:
Economic growth, competitiveness, and jobs in the US;
Required capital investments and projected costs for new equipment; and