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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.
Highlights:
- 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;
- Electricity ratepayers;
- Required capital investments and projected costs for new equipment; and
- The global economic competitiveness of the US.