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Largest U.S. Power Grid Says It Can Meet Obama’s Climate Mandate

  • Cost hikes from carbon cuts will be less than 3 percent
  • Plan aims to cut emissions 32 percent by 2030 from 2005 levels

The operator of the largest U.S. power market said it can meet the Obama administration’s sweeping goals to tackle climate change while limiting the impact on power prices to a less than 3 percent rise.

Power suppliers in the market, which covers parts of the U.S. mid-Atlantic and Midwest, can meet emission reduction targets for less than $2 a megawatt-hour, or 1 to 3 percent of average wholesale electricity costs, PJM Interconnection LLC, said in a report Thursday. Even with the added expense, the system will continue to attract new generators to satisfy the region’s growing power needs, the report found.