WASHINGTON, D.C. - U.S. Sen. Jim Inhofe (R-Okla.), senior member of the Environment and Public Works (EPW) Committee, today introduced the Electricity Reliability and Affordability Act of 2014 (S.1988). The bill would allow states to permanently waive any federal regulation regarding electric generating units for the purpose of power reliability and affordability.
“The record low temperatures our country has experienced recently has served as a reminder of the importance of reliable, cost-effective energy required to heat our homes and businesses during extended winter weather," said Inhofe. "American Electric Power reported that during the recent cold weather, they were running 89 percent of the coal generation it must retire by 2015. AEP said that this has caused them to 'question the reliability impacts' of federal regulation. The President's war on fossil fuels is unsustainable for future energy costs. What happens after 2015 when we can't use the coal resources AEP relied on this winter, and what regulation on affordable energy is coming next? For this reason, I am introducing the Electricity Reliability and Affordability Act give states the ability to pull the reigns back on big government regulations and ensure accessible, affordable energy for their citizens."
Inhofe introduced the legislation in a Senate floor speech today, which can be viewed by clicking here.