[Congressional Record Volume 161, Number 111 (Thursday, July 16, 2015)]
[Senate]
[Pages S5157-S5158]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]
EPA REGULATIONS
Mr. ENZI. Mr. President, I rise today to speak about the economic
effect of regulations coming out of the Environmental Protection Agency
on the energy sector and particularly on fossil fuels and coal.
The State of Wyoming is the largest coal-producing State in the
Nation. Coal represents almost 40 percent of our share of electricity
generation across the United States. It is abundant, it is affordable,
it is stockpileable, it can be clean, and it shouldn't be replaced
through regulatory actions. But this administration continues to try to
regulate coal out of existence.
In 2012, the EPA finalized a standard that requires a strict
reduction in air emissions from electric-generating utilities. It is
known as the mercury and air toxic standards rule. Like many of the
rules coming from the EPA, the costs of this regulation are great and
the benefits are very limited.
EPA estimates the rule will create between $500,000 and $6 million in
benefits. That sounds like a lot of money. But related to the mercury
reductions, the cost is $10 billion annually--$10 billion annually--for
a return of $500,000 to $6 million. That is a pretty big range. It
indicates there probably isn't a lot of calculation into how that came
into being or much transparency so we can see how that came about.
The $10 billion annual cost will be to consumers of electricity.
Those are costs that aren't allowed to be recouped. Now, many of those
have already been put in place. They become part of the rate base, and,
under most of the laws dealing with utilities, they are allowed to make
a return on that. So there wouldn't be a huge protest for it. It is a
lot of upfront cost for them, but they get to recoup that over a period
of time. We have to be sure that when we are making regulations, we
don't flood a whole bunch of them in there that have huge costs and
very little benefit.
We just had a hearing on this a short time ago on the homeland
subcommittee on regulations, talking about how all of those costs come
about. Well, the actual cost of doing it is pretty easily calculable.
There are things that have to be bought and put in place and
construction done in order to get it done. The benefits? It is a little
hard to find out where those come from, and a lot of the things aren't
clearly cut so that the problem comes from a single spot. Often there
are a lot of things involved, but there is a tendency to pick on one
place.
Three years after the rule was finalized, the Supreme Court has ruled
that the EPA should have considered costs before determining to
regulate mercury from fossil-fired powerplants. The cost-benefit ratio,
assuming the EPA's best case scenario, is approximately 1,600 to 1. The
Court's majority opinion called this an overreach and stated: ``The
Agency gave cost no thought at all, because it considered cost
irrelevant to its initial decision to regulate.''
Since these standards began to take effect in April, utilities have
already retired or plan to retire coal-fired plants to comply with cuts
in emissions. Sometimes it is cheaper to shut them down than it is to
make the changes. The courts did not issue a stay on implementation, so
companies began installing the mandated controls to meet the deadline
for compliance. These costs will be passed on to consumers and will
result in higher electricity prices. On average, a household could see
their electricity bill go up by $400 a year--a cost that will
disproportionately impact those with lower, fixed incomes, such as many
older Americans.
In 2012, Congress had a chance to use the Congressional Review Act to
stop this devastating rule from moving forward. The Congressional
Review Act gives Congress the ability to disapprove rules that go
beyond what Congress intended. It requires a simple majority for
passage and was a legislative vehicle available to stop the MATS rule
from moving forward. Unfortunately, it was rejected by the Senate
majority at the time.
With the process, you have to get a petition with a lot of signatures
on it, and then you are guaranteed 8 hours of debate and an up-or-down
vote. Of course, after it goes to the Senate, it also has to go to the
House. And after it goes to the House, it then has to go to the
President for his signature. The rules and regulations are done by
Congress, not by the President. The President is the enforcer of the
rules that we supposedly put in place. So it should not take a
Presidential signature to stop the action if the House and Senate
agree. In this case, it was rejected by the Senate majority. It wasn't
until this lawsuit filed by State Governors was finally decided that
the Agency was called out for charging ahead with this disastrous rule
without considering the consequences.
Ratepayers shouldn't have to wait this long for the correct decision.
Congress has to stand up to this runaway
[[Page S5158]]
agency, but we need to expand on our tools to fight governing by
rulemaking. We need to increase accountability for and transparency in
the Federal regulatory process by requiring that Congress approve all
new major regulations. The Regulations From the Executive in Need of
Scrutiny, or REINS, Act would make sure the people's representatives
get a say in regulatory action affecting our Nation's economy. The
presumption should not be deference to a Federal agency attempting to
implement a regulation but to Congress and to the States.
If enacted, the REINS Act would require an up-or-down vote by both
Houses of Congress before any executive branch rule or regulation with
an annual economic impact of $100 million or more could be enacted. In
the case of the Clean Power Plan, the costs are in the billions. So it
would ensure Congress gets a say to stop the EPA from regulating coal
out of business.
Additionally, the Environment and Public Works Committee has moved
legislation--that is, the Affordable Reliable Energy Now Act--which
would extend the proposed rule's compliance dates pending further
judicial review. That way we don't see premature plant closures that
harm our grid reliability and make energy more expensive before even
knowing whether the rule is on good legal standing and whether the
numbers are good.
Both of these bills would give Congress additional tools to fight
Executive overreach, and the House has already passed legislation
similar to the Affordable Reliable Energy Now Act. We must do what we
can because there is no doubt that MATS regulations will continue to be
challenged for its requirement of outside-of-the-fence-line changes,
its coordination with existing source performance standards, the
implementation of Federal standards should States not submit plans or
on the scientific basis if the status quo contributes to the
endangerment of public health. In fact, the White House has requested
over $50 million to defend the rule in court. That is your tax money.
They have already lost once.
And while the EPA ignores the costs, outside groups have projected
four to seven times the costs of the regulation. The National Economics
Research Association found an annual compliance cost for MATS $41 to
$73 billion. That is the annual compliance costs. So that would be up
to $73,000 million, as I like to put it, because I think talking about
millions instead of billions makes it a little more understandable. So
that is the policy that is going to affect consumer prices.
It also shows States like Wyoming seeing double-digit increases in
electrical prices. Congress must ensure the EPA does not continue to
act unreasonably by not considering the costs of compliance before
drafting carbon regulations. By requiring States to implement their own
plans, the EPA is trying to skirt their responsibility to determine the
true costs. The EPA has not adequately considered the costs of the
Clean Power Plan. So what they did was shift that over and said:
States, this is what each of you has to do to make the Federal plan
work, but since this is a State plan, we don't have to do all of this
analysis to see what the costs are going to be. Of course, we need more
transparency in the calculations.
As I mentioned, costs are easy to come up with, but benefits are
pretty hard to determine, and they are kind of in the eye of the
beholder or eye of the calculator. Usually, the costs happen upfront in
just a few years--5 years, maybe 10 years at the most--but they are
allowed to calculate benefits over 50 years, 100 years. How long can
they do that? The company has to pay it upfront, but the consumers have
to pay it over a regular short period of time.
Fifteen percent of U.S. coal-generating capacity is already planned
for retirement. Wyoming would be forced to prematurely close four
additional coal-fired plants under this rule. Incidentally, that is
about the amount of electricity that we export to California. The EPA
asserts that since States determine compliance, the remaining useful
life of coal-powered units prematurely shut down need not be
considered.
Governors have already begun telling the EPA that they will not be
able to submit plans to meet the proposed standards, so Administrator
McCarthy has threatened a Federal implementation plan if States do not
comply. Now, a Federal implementation plan is a Federal regulatory
action, and so they need to consider the costs of premature plant
shutdowns and the consumer energy prices that will cause prior to being
finalized. You cannot bypass these considerations by placing the onus
on the States first.
Congress also needs to empower States to oppose Federal regulations
that hurt their constituencies, again with little benefit. As Wyoming's
Governor Matt Meads commented on MATS: ``The EPA does not have the
legal authority to propose, finalize or enforce this proposal.'' The
EPA has introduced a proposal that functionally and structurally
hamstrings energy and electricity sectors, thereby driving up the
electrical prices. It would burden our Nation's economic security and
prosperity with almost no environmental or health benefits. The State
of Wyoming is considering its legal options once the rule is finalized.
They can't do anything until it is finalized.
I have proposed an amendment to the Constitution which would give
States the ability to repeal Federal laws and regulations when ratified
by two-thirds of the legislators. That is almost like calling a
constitutional convention under article V of the Constitution. This
amendment stands up for States' rights and gives them another option
other than the court system to find solutions to regulatory problems.
Ultimately, the States know what is best for them, and it is time to
shift the power back into their hands. Even when Federal regulations
may have good intentions, they can create situations in which they
cause more harm than good.
Unfortunately, the regulatory process is skewed in favor of the
administration. We need to find a way to empower Congress and to
empower the States--those most accountable to the voters--to keep
runaway agencies in check or we will continue to see regulations that
impede our economy by directly hurting the energy industry, which hurts
individuals, costs jobs, and hits the ratepayers--the price ultimately
paid by the consumers.
I thank the Presiding Officer.
I yield the floor.
I suggest the absence of a quorum.
The PRESIDING OFFICER. The clerk will call the roll.
The legislative clerk proceeded to call the roll.
Ms. COLLINS. Mr. President, I ask unanimous consent that the order
for the quorum call be rescinded.
The PRESIDING OFFICER. Without objection, it is so ordered.
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