New EPA Standards Could Mean Higher Electric Rates

(Springfield, IL) -- People may have to start dishing out more cash to heat their homes, thanks to the new EPA standards aimed at cutting down on carbon pollution. Phil Gonet, with the Illinois Coal Association, says the new guidelines that the president unveiled Monday, plans to cut down carbon emissions by 30-percent at coal plants across the nation by the year 2030. Gonet says the reduction will barely out a dent in the amount of carbon emissions across the globe. But the EPA says scaling the pollution back will help prevent premature deaths and asthma attacks in children.