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Update: 8:54 AM

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2. REGULATION:

McCarthy to announce power plant proposal for CO2 today

U.S. EPA will unveil a proposal for the first-ever technology standards to rein in power plant emissions of carbon dioxide today. As rumored, EPA will require that all new natural gas-fired plants emit no more than 1,000 pounds of carbon dioxide per megawatt-hour, and coal plants no more than 1,100 pounds per megawatt-hour. Although a combined cycle natural gas plant could easily meet the standard, even the most efficient coal plant would have to cut about 40 percent of its CO2 emissions.

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