NORTH BALTIMORE, OHIO–March 28, 2017 – Hancock-Wood Electric Cooperative President and CEO George Walton today voiced his support of President Trump’s signing of an executive order on the Clean Power Plan (CPP).
“It has always been the contention of Hancock-Wood that the CPP constitutes an overreach of authority by the EPA, and has the potential to cost Hancock Wood’s members hundreds of dollars a year on their electric bills, while providing little, if any, environmental benefit,” Walton said. “It’s in the interest of the 42 million members whom our electric cooperatives serve, to safeguard a reliable, affordable, sustainable supply of electricity.”
According to CNBC, “Among the most substantial actions, the White House will initiate a review of the Clean Power Plan, a set of federal guidelines that gives states a framework for reducing carbon dioxide emissions from fossil-fuel-fired electricity plants, particularly those that burn coal. That component was widely expected and telegraphed by EPA Scott Pruitt this weekend.”
National Rural Electric Cooperative Association (NRECA) CEO Jim Matheson echoed Walton’s statement, saying, “Affordable and reliable power is fundamental to a successful economy. We appreciate the Trump administration working to protect American families and businesses from the potentially devastating impacts of the CPP. Today’s announcement is welcome news for electric cooperatives across the nation seeking flexibility and fairness – but it’s not yet the end of the journey. Now that President Trump has issued his executive order, we look forward to EPA undoing this rule and taking a closer look at other current regulations.
“Electric co-ops have two key missions – providing electricity and other services to more than 42 million members and empowering the communities they serve. The CPP jeopardizes co-ops’ ability to accomplish both. If implemented, the CPP would hit many of our electric cooperatives extremely hard by forcing them to prematurely shutter existing power plants. Those co-ops would in essence be charged twice for their electricity—once to continue paying down the loans on the closed power plants and again for the cost of purchasing replacement power,” concluded Matheson.
In October 2015, NRECA and 39 generation and transmission cooperatives petitioned the U.S. Court of Appeals to review and reject the CPP. That effort laid the groundwork for a stay by the Supreme Court, giving the current administration time to review the rule and issue today’s executive order.
Hancock-Wood Electric Cooperative, established April 20, 1938, serves portions of Hancock, Wood, Allen, Erie, Hardin, Henry, Putnam, Sandusky, Seneca and Wyandot counties and remains dedicated to its commitment to furthering the quality of life in the communities it serves. For more information about Hancock-Wood Electric Cooperative, visit www.hwe.coop or call 800-445-4840.