Trump Administration Finalizes Major Power Sector Deregulation, Citing Billions in Savings and Energy Independence
The Trump administration, through EPA Administrator Lee Zeldin, has finalized the largest power sector deregulatory action in U.S. history. This action, announced at the G20 Energy Abundance Ministerial in Houston, Texas, repeals the majority of the Biden administration's greenhouse gas requirements for power plants. The EPA estimates this move will save $310 billion. Additionally, the administration has proposed rescinding all remaining greenhouse gas standards for the power sector, which, if finalized, could save an additional $370 million in direct compliance costs and billions more for American families and businesses. According to EPA Administrator Lee Zeldin, this initiative aims to protect American energy, decrease electricity prices, and unleash the full potential of American energy, leading to more jobs and a more prosperous America. Chairman of the National Energy Dominance Council and DOI Secretary Doug Burgum stated that these common-sense energy solutions are saving Americans hundreds of milli...
