U.S. Power Plant Rules More Uniform Between States: White House

The Obama administration’s plan to cut carbon emissions from existing power plants, set for release Monday, will include goals for states that are more uniform than those first proposed in 2014, a White House official said.

Brian Deese, an adviser to President Barack Obama on energy and climate issues, told reporters on a conference call that the health and economic benefits of lowering carbon pollution under the plan will be four to seven times greater than the estimated $8.4 billion cost of the regulations.

One reason that the price tag is expected to be lower than earlier anticipated is that the cost of wind and solar energy is falling, according to the White House.

The rules from the Environmental Protection Agency set goals for each state based on estimates of increased use of natural gas, renewable energy and efficiency gains.

Before it's here, it's on the Bloomberg Terminal. LEARN MORE