Proposed EPA Regs Put Energy Reliability, Affordability at Risk, CEO Says
Apr 15, 2011
The Southern Company (SO) CEO Thomas Fanning told Congress today that the U.S. Environmental Protection Agency's (EPA) proposed regulation is risking reliability, American jobs, and higher electricity prices and could impact economic development. Utility companies have 60 days to comment on the proposal. Fanning said the deadline is inadequate for companies to analyze all the data and offer its opinions. Southern Company's shares are up 0.95% in early trading at $38.20.
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