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Fuel-Tech, Inc. Message Board

  • chairman_mao_said chairman_mao_said Apr 17, 2014 1:57 PM Flag

    Is this court ruling positive or negative for ftek?

    4/15/14 (Dow Jones) WASHINGTON--A federal appeals court on Tuesday upheld the nation's first-ever national standards requiring power plants to cut emissions of mercury and other hazardous air pollution. The federal rules, scheduled to take effect in April 2015, require the nation's 600 coal and oil-fired power plants to comply with emissions limits set by the Environmental Protection Agency. The standards are a notable environmental accomplishment for President Barack Obama and a blow to the coal industry, which is the biggest source of mercury emissions in the U.S., according to EPA. A divided three-judge panel of the U.S. Court of Appeals for the District of Columbia Circuit in a 61-page ruling rejected several legal attacks raised by challengers. These challengers include more than 20 states with utilities that depend heavily on coal for energy production, and several industry groups and companies, including Peabody Energy Corp., FirstEnergy Corp., and the National Mining Association. The regulations, among several major air-pollution rules rolled out by the Obama administration in the past few years, have been a factor behind utility-company decisions to retire coal-fired units. Since November 2013, companies have announced plans to close nearly two dozen units at nine coal-fired power plants producing a total of 5.4 gigawatts of coal-fired capacity, according to the Energy Information Administration. Between 2012 and 2020, EIA projects that the capacity to produce a total of 60 gigawatts will be retired due to stricter emissions rules and other factors, with 90% of these retirements coming by 2016. U.S. utilities have more than 1,000 gigawatts in capacity. The court's majority ruled the EPA acted reasonably in issuing the rules, rejecting arguments that the agency should have considered the costs of its regulations before moving forward. A dissenting judge, Brett Kavanaugh, warned the regulations would cost utilities more than $9 billion a year

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FTEK
5.04+0.02(+0.40%)Jul 24 3:59 PMEDT

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