Power Breakfast for June 10, 2014

A nearly daily round-up of news for your consideration.

  • Texas House Speaker Joe Straus has instructed a committee to review how the Environmental Protection Agency’s proposed regulations on coal plants will affect the state, the Dallas Business Journal reports. From the article:

    “It’s important for legislators to understand the potential impact of this federal mandate, not only on the cost and availability of electricity but also the broader Texas economy,” Straus said. “The committee’s work will guide the House’s approach to this issue in next year’s legislative session, and the seriousness of these proposed rules demands that we start working on that approach soon.”

  • The coal power industry is planning to close 140 smaller, older units in the next 10 years, which a USA Today analysis says will reduce carbon emissions by about 4 percent. From the report:

    “Yet the nation’s biggest coal plants, typically its largest CO2 emitters, are unlikely to be closed anytime soon, because “there just isn’t a cost-effective replacement yet,” says Jeffrey Holmstead, a lobbyist for coal-fired power plants at the Bracewell & Giuliani law firm in Washington.”

  • A $34 billion energy and water budget proposed by U.S. House Republicans would take money from renewable energy programs to restore about $1 billion to the Army Corps of Engineers, and would increase spending for advanced coal and fossil energy over President Obama’s request, Politico reports. Senate Democrats are expected to announce their budget next week.
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