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Peabody Position Statement on Affordable Clean Energy Rule

Peabody supports adoption of the Affordable Clean Energy (ACE) rule as a replacement for the Clean Power Plan as a significant step in ensuring reliable, resilient and affordable electricity across the U.S.

ACE strengthens regulatory and investment certainty using a sensible and legally defensible “within the fenceline” approach to improved efficiencies of existing power plants. The proposed rule offers technically feasible and appropriate measures with the potential to deliver cost-effective, achievable and practical solutions for reducing emissions while minimizing disruptions to electricity generation. ACE revises provisions reforming the New Source Review program, a known barrier to improving reliability, efficiency and safety of existing energy capacity. Furthermore, ACE offers individual states greater flexibility in the development and timing of state implementation plans, avoiding a “one-size-fits-all” approach to managing distinct and diverse needs.

Peabody has long advocated for technology solutions to meet the three-part goal of energy security, economic progress and environmental solutions and we believe ACE satisfies these objectives.

Peabody is the leading global pure-play coal company and a member of the Fortune 500, serving power and steel customers in more than 25 countries on six continents. The company offers significant scale, high-quality assets, and diversity in geography and products. Peabody is guided by seven core values: safety, customer focus, leadership, people, excellence, integrity and sustainability.