This was written by, Graham McCahan for Climate 411:
The ink wasn’t even dry on the Clean Power Plan before some power companies filed lawsuits to challenge these historic public health protections.
One of their key complaints? How much the Clean Power Plan is allegedly going to cost.
In their court filing, these companies claimed that they’ll potentially need to spend “billions of dollars” to comply.
This tactic is nothing new, and it’s something we often hear when the U.S. Environmental Protection Agency (EPA) issues a new regulation that will provide cleaner, healthier air for our communities and families.
But it’s almost always wrong.
In defiance of the “sky is falling” predictions, American industry innovates and figures out ways to comply with new, healthier standards at a fraction of the costs initially projected.
This is exactly what occurred with EPA’s life-saving Mercury and Air Toxics Standards, which are providing crucial reductions of toxic air pollutants including mercury, hydrochloric acid and arsenic from our nation’s power plants.
After EPA proposed the Mercury and Air Toxics Standards in 2011, FirstEnergy told its investors that it expected to spend between $2 billion and $3 billion dollars to comply with the clean air standards.
A little later that same year, FirstEnergy cut its estimate roughly in half — to between $1.3 billion and $1.7 billion.
Fast forward to February 2015 (just two months before the initial deadline to comply with the Mercury and Air Toxics Standards), and FirstEnergy announced that it would spend $370 million on compliance.
In other words, its highest initial cost estimate was more than eight times higher than its actual costs.
Similarly, AEP’s highest initial cost estimate for compliance with the Mercury and Air Toxics Standards was as much as two times higher than its later assessment of actual compliance costs.
These two companies are just a few of the power companies that have decreased their cost estimates for complying with the Mercury and Air Toxics Standards, and other public health and environmental standards, in recent years.
The tens of billions of dollars in expected health benefits from the Mercury and Air Toxics Standards has not decreased, though.
It will save thousands of lives every year, prevent heart attacks and asthma attacks, and help protect the hundreds of thousands of babies born in America every year who are exposed to unsafe levels of mercury in the womb.
It’s important that we keep in mind these misguided “sky is falling” claims about environmental compliance costs as EPA carries out its responsibilities under the nation’s clean air laws to address climate pollution from power plants.
The time tested history of the Clean Air Act is quite the opposite of the “sky is falling” – the sky is clearing, and at far less than the costs predicted by industry.