WASHINGTON (March 28, 2017) - Edison Electric Institute President Tom Kuhn today issued the following statement on President Trump’s Promoting Energy Independence and Economic Growth Executive Order.
“President Trump's Promoting Energy Independence and Economic Growth Executive Order, which will revamp the Clean Power Plan among other actions, is a significant development.
“The Clean Power Plan and the new source standards collectively are the most comprehensive regulations ever to impact the electric power sector. As the regulatory and judicial processes continue, companies and states are transitioning their generation assets as a result of market and economic reasons and to meet customer expectations.
“As of 2016, our industry’s carbon dioxide emissions were nearly 25 percent below 2005 levels. Regardless of what major policy initiatives are put in place going forward, our emissions likely will continue to decline due to historically low prices and a stable supply for natural gas, decreasing costs for renewables, and increasing efficiencies. We look forward to working with EPA, states, and other stakeholders as they revisit the Clean Power Plan and other clean energy and environmental initiatives.
“A diverse, domestic, and balanced energy mix is essential to an affordable, reliable, and secure energy future. EEI’s member companies are committed to a healthy environment and to using resources that are most cost-effective, protect the environment, and provide the range of energy and technology options our customers want.”