The operator of the largest power market in the United States has determined that it can meet the goals of Obama administration’s Clean Power Plan with minimal impact on electricity prices. The PJM Interconnection, which oversees power distribution in mid-Atlantic states and the Midwest, can meet emission reduction targets for less than $2 a megawatt-hour, or 1 to 3 percent of average wholesale electricity costs. Even with the added expense, the system will continue to attract new generators to satisfy the region’s growing power needs, PJM said in a report that challenged opponents’ claims that CPP mandates to cut carbon emissions would drive a wave of power plant retirements and lead to price spikes for consumers.
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