Great news! Those new EPA regulations which we’ve been trying to warn all of you voters about since the day Obama was elected are close to a reality. And when they go into effect there will be some really super terriffic things happening, at least according to a new study from Duke University, based on the employers in question.
New EPA regulations could force the closure of 65 percent of coal plants across the country, A Duke University study shows. That trend can already be seen in Indiana.
Duke Energy officials is planning to close four of its coal processing units at its Wabash River Facility in 2015. They are still deciding whether to transition a fifth unit to a natural gas processor.
Duke Energy Spokesman Lew Middleton says since 1990, Duke has spent about $2.8 billion to upgrade its Indiana facilities so they comply with EPA regulations.
“These units here at Wabash River—units two, three, four and five—are some of the oldest that we have in our system,” Middleton says. “When you do the economic analysis, it just does not make economic sense for us to install the pollution controls that would be necessary to meet the new EPA standards.”