Looking Ahead with Exelon
Energy provider Exelon has announced its purchase of Washington-based Pepco, forming a "large electric and gas utility in the Mid-Atlantic region" to service about 10 million customers. On Tuesday, May 13, Exelon CEO and President Chris Crane will join RFF President Phil Sharp for an RFF Policy Leadership Forum to discuss shifting energy trends and landscapes facing today's utility providers. Tune in for a live webcast of the eventand tweet questions using the hashtag #AskRFF.
CSAPR Authority Upheld
In a 6–2 decision, the Supreme Court has upheld the US Environmental Protection Agency's authority, under the Cross-State Air Pollution Rule (CSAPR), to regulate air pollution from power plants that affects downwind states. The rule was previously struck down by a lower court after litigation was brought by opponents who call the regulation "costly to the economy."
Research on CSAPR by RFF’s Dallas Burtraw, Karen Palmer, Anthony Paul, and Matt Woerman reveals that "changes in natural gas supply and electricity demand overwhelm the effects associated with these environmental regulations. . . . Industry, policymakers, and the public will want to carefully separate the effects of these changes when evaluating the economic consequences of pending environmental regulations." They conclude that CSAPR can be implemented "apparently with little disruption to the sector, especially in comparison with the normal disruptions associated with a changing world."
