Energy is the lifeblood of business. In Missouri, companies have long benefited from having a plentiful, affordable power supply. However, Missouri’s network of dependable coal power plants is under attack from the Obama administration and the Environmental Protection Agency. In response, a new law approved today will help our state retain control over our own energy future.
Earlier this summer, the EPA proposed new rules that would create greater regulations on existing coal power plants. The new proposals could lead to significant rate increases for Missourians. In response, House Bill 1631, signed on July 7 by Gov. Jay Nixon, gives Missouri greater authority to make regulatory energy decisions that are in the best interest of our state. The bill, sponsored by Rep. Todd Richardson, R-Poplar Bluff, charges the state’s Air Conservation Commission to develop emissions standards and compliance schedules rather than wait for the EPA to specify these for Missouri.
“It’s clear that the Obama administration hopes to wipe out coal as an energy source—regardless of the impact this action would have on our businesses, jobs and our economy,” said Daniel P. Mehan, Missouri Chamber President and CEO. “As we look toward the future of our Missouri economy, we need to retain our status as a low-cost state for energy to help us attract tomorrow’s industries, such as data centers. This new law is a victory for Missouri businesses and all Missourians who rely on our state’s affordable energy supply.”