Utility Official Sees Credit Supply Problem with Rate-Based ESPS Trading

As states grapple with whether to craft mass- or rate-based plans to comply with EPA's final greenhouse gas regulation for existing power plants, a top utility industry official is warning that the final rule's rate-based compliance approach may not provide an adequate supply of emissions reduction credits (ERCs) to ensure as robust and cost-effective an inter-state trading system as the mass-based pathway. The official cites a range of reasons for the concern, including provisions in the rule that may hamper...