Washington, D.C. – America’s Power president and CEO Michelle Bloodworth issued the following statement regarding Pennsylvania’s participation in the Regional Greenhouse Gas Initiative (RGGI), a mandatory cap-and-trade program to reduce carbon dioxide emissions from the electric power sector in Pennsylvania and 11 other states:
“It is unfortunate that Pennsylvania is joining the Regional Greenhouse Gas Initiative,” said Michelle Bloodworth, president and CEO of America’s Power. “Joining RGGI is a bad idea because it will increase electricity prices, even though higher energy prices are already contributing to inflation; it will cause the premature retirement of coal-fired power plants at the same time electricity grid operators are concerned that more coal retirements could cause electric reliability problems; and it will have no effect on climate change because other countries, especially China, continue to build more coal-fired power plants and increase their use of coal. The U.S. needs to use coal wisely, rather than eliminate it, because coal provides energy security and affordable and reliable electricity.”
America’s Power is a partnership of industries involved in producing electricity from coal.