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.