Andrew Weissman in Reuters: Power Industry Braces for Court Air Pollution Ruling
Andrew Weissman, senior energy advisor at law firm Haynes and Boone, LLP which advises power and gas sector clients, said that if CSPAR had gone into effect as scheduled on January 1, the emissions restrictions on power plants would have forced some generators to switch from coal to natural gas.
This, he said, could have pushed up natural gas prices which have touched 10-year lows this year.
"However, without the regulatory boost from CSAPR, already rock bottom prices for natural gas have dropped even further, reaching 10-year lows this past spring," he said.
Other experts said the impact of the CSAPR decision will not be as significant, because the EPA is unlikely to be ready to implement the rule until 2013 or 2014.
Excerpted from Reuters, July 10, 2012. To view full article, click here.