EPA PLAN ON EMISSIONS TRADING CREDITS MAY HAMPER STATE ACTION ON CAIR

EPA's backstop measure to issue emissions trading credits directly to utilities late next year if states fail to implement the agency's clean air interstate rule (CAIR) could increase uncertainty for utilities preparing to comply with the regulation, industry sources say. Specifically, utilities are concerned that EPA's plan may complicate efforts in Northeast states to implement an emissions trading program more stringent than CAIR, making it more difficult for industry to plan for the financial impact of the federal and state...