A national association of electric companies is opposing President Obama’s plan to institute new regulations on greenhouse gas emissions from power plants.
The National Rural Electric Cooperative Association took its first step on Monday to denounce the proposal, which it says will increase electricity prices and hurt the economy.
“The president’s plan would increase electricity cost on all Americans, and that is a tax we can least afford when our economy is just beginning to recover,” said the association’s chief executive, Jo Ann Emerson, in an online video.
“The president’s plan with all these new regulations, that is going to steal all of that investment money that we need right here to help our communities grow and prosper for our children and our grandchildren,” she added.
The White House is currently reviewing a proposed rule that would set limits on the amount of carbon dioxide new power plants can emit. A separate proposal, due next summer, would regulate the emissions from plants already in operation.