- Proposed Environmental Protection Agency (EPA) regulations for power plant emissions could spur blackouts in the Midcontinent Independent System Operator (MISO) power grid region and cost stakeholders nearly $250 billion in the coming decades, according to comments filed in response to the rule by the Center of the American Experiment (CAE).
- The average annual cost to stakeholders of building enough capacity to stave off the blackouts CAE projects in the MISO region is greater than the average annual benefit the EPA estimates its proposals will bring for the entire country by 2055, according to CAE’s analysis.
- “This is the regulatory equivalent of studying the structural integrity of the top floor of a 100-story building without doing so for the preceding 99 floors,” Isaac Orr, policy fellow for the CAE and coauthor of CAE’s comments, told the Daily Caller News Foundation.
The EPA’s proposed regulations would require fossil fuel-fired power plants to adopt developing technologies, such as carbon capture and sequestration (CCS) and hydrogen blending, in order to significantly bring down their greenhouse gas emissions over the coming decades. CAE filed comments this week in response to the EPA’s proposals, highlighting in its analysis that the EPA has overestimated the efficacy of wind and solar while exposing the 45 million people living in the area served by the Midcontinent Independent System Operator (MISO) power grid to elevated blackout risks.
The EPA “does not appear to have the expertise necessary to enact such a sweeping regulation on the American power sector,” CAE wrote in its comments.
CAE’s analysis found that the EPA’s modeled MISO grid could result in massive blackouts across the 15 states it serves, with one stress test scenario estimating that nearly one in five MISO-served households would be without power. Additionally, CAE calculated that building up enough capacity to avoid its projected blackouts in the MISO region would cost $246 billion in total by 2055.
That figure breaks down to $7.7 billion annually on average through 2055, a number which is greater than the EPA’s projected $5.9 billion annual benefit to the entire country if the proposals are finalized. (RELATED: Blue State That Pushes Green Energy Delays Closing Power Plants Amid Blackout Concerns)
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