The environment took another big leap toward becoming a mainstream governance issue this month when American Electric Power published a 118-page report, “An Assessment of AEP’s Actions to Mitigate the Economic Impacts of Emissions Policies.”
The report evaluates the impact of proposed federal legislation and regulations for reducing regulated emissions and carbon dioxide, including the Clean Air Interstate Rule, the Utility Mercury Reduction Rule, U.S. Sen. Thomas Carper’s proposed Clean Air Planning Act of 2003, and U.S. Senators John McCain and Joseph Lieberman’s amended Climate Stewardship Act of 2003. It also reviews the actions available to control those emissions, provides economic analysis of the various control scenarios, and recommends actions for AEP to take going forward.
