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0 0.000125441897593909 -0.000570190443608133 -0.000684228532329662 0.000570190443608295 0.00376325692781403 0.00393431406089649 0.00935112327517399
Stock impact report

US Power-Plant Rules Threaten Grid Reliability, Peabody CEO Says [BNN Bloomberg (Canada)]

American Electric Power Company, Inc. (AEP) 
Last american electric power company, inc. earnings: 2/20 06:57 am Check Earnings Report
US:NYSE Investor Relations: aep.com/investors
Company Research Source: BNN Bloomberg
The Environmental Protection Agency announced regulations last month that will force coal-fired power plants to capture nearly all of their carbon dioxide emissions — or close — by 2039. The policies are a critical part of President Joe Biden's efforts to fight climate change, but they come just as the boom for artificial intelligence and data centers is set to send power demand higher. The new regulations are “threatening grid reliability at a time of increased energy demand,” Jim Grech, Peabody's chief executive officer, said during a conference call with analysts Thursday. Rules that may lead to power plants shutting down have the potential to crimp electricity supply, Grech said, while also adding that he thinks the environmental regulator may be overreaching. “We do believe, though, that the EPA has overstepped its authority,” he said. Earlier this week, utility American Electric Power Co.'s Chief Executive Officer Benjamin Fowke said the company might legally challenge Show less Read more
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