CNBC turned to Manatt’s Craig Moyer, co-chair of the firm’s energy and environment practices, for comment on the uncertainty surrounding greenhouse gas rules for power plant owners.
The Environmental Protection Agency has proposed a repeal of President Obama’s Clean Power Plan. According to the publication, the plan set emissions targets for states but did not provide clear direction on how to achieve them. However, leaders in the energy field have stated that the Trump administration is not in a rush to deliver certainty to the market.
Moyer told the publication that the current administration’s repeal doesn’t inject much fresh uncertainty into the market because the industry has been dealing with lack of direction since the Supreme Court stayed implementation of the Clean Power Plan. For Moyer, utilities and states have not made expensive structural decisions based on the plan’s guidelines. A new rule will come with new, extended deadlines for compliance, he added.
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