Business News
PSEG Supports Quick Congressional Action on Clean Air in Wake of Court’s Rescinding of CAIR
2008-07-29 09:30:00
PSEG Supports Quick Congressional Action on Clean Air in Wake of Court’s Rescinding of CAIR
Power company says impact is 'significant and substantial' and calls for
multi-pollutant legislation
NEWARK, N.J., July 29 /EMWNews/ -- Eric Svenson, PSEG's
vice president of environment, health and safety, testified today before
Congress about the implications of a recent federal appeals court decision
that struck down the Environmental Protection Agency's Clean Air Interstate
Rule (also known as CAIR). CAIR would have resulted in dramatic reductions
in particulate matter and ozone and helped to eliminate smog, asthma and
other chronic and acute respiratory effects. Clean air and public health
are threatened in its absence.
Svenson told the Senate Clean Air and Nuclear Safety Subcommittee that
the impact of the ruling would be "significant and substantial" and called
for Congress to act quickly to pass multi-pollutant legislation like that
championed by subcommittee chairman Senator Tom Carper (D-DE).
He said the rescinding of CAIR and the continued implementation of a
patchwork of state and regional programs governing carbon dioxide have
created "a chaotic regulatory environment."
PSEG believes that legislation addressing the four major power plant
pollutants -- nitrogen (NOX), sulfur dioxide (SO2), carbon dioxide (CO2)
and mercury -- is critical for ensuring timely public health and
environmental benefits, business certainty, and a level playing field for
the electric generating sector.
Svenson urged Congress to restart the legislative discussion and
quickly pass multi-pollutant legislation, saying that the electric sector
"needs certainty."
CAIR would have resulted in considerable public health benefits as well
as increased industry investment in pollution controls. With the rescinding
of CAIR, "we are stuck with an inefficient, more expensive system with
significant public health costs and much less environmental benefit,"
Svenson told Congress.
"The ruling threatens to tie the hands of the EPA as it tries to find
economically efficient and effective methods to improve public health and
our environment," Svenson said. He added that the ruling leaves "a huge
regulatory hole."
Go to the "news" section at http://www.pseg.com to see Svenson's written and
oral testimony in its entirety.
Public Service Enterprise Group (PSEG) is a publicly traded diversified
energy company with annual revenues of more than $13 billion, and three
principal subsidiaries: PSEG Power, PSEG Energy Holdings, and Public
Service Electric and Gas Company (PSE&G). PSEG Power, one of the largest
independent power producers in the U.S. has three main subsidiaries: PSEG
Fossil, PSEG Nuclear, and PSEG Energy Resources & Trade. PSEG Energy
Holdings has two main unregulated energy-related businesses: PSEG Global
and PSEG Resources. PSE&G, New Jersey's oldest and largest regulated gas
and electric delivery utility, serves nearly three-quarters of New Jersey's
population.
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