Pennsylvania Takes Next Step to Start Carbon Emissions Caps in 2022
Pennsylvania Governor Tom Wolf’s administration on Tuesday solidified its intention to begin imposing a price on greenhouse gas emissions from power plants next year as part of a multi-state consortium, over the protests of coal- and gas-region lawmakers and elements of the energy industry.
After fielding thousands of written public comments, Wolf’s administration issued a final rule for the regulatory plan with the same timeline and same goals for reductions in carbon dioxide, considered a major driver of global warming.
The rule must still go through two state regulatory boards with veto power, although both are tilted toward Wolf appointees and allies.
HARRISBURG (AP) Gov. Tom Wolf’s administration on Tuesday solidified its intention to begin imposing a price on greenhouse gas emissions from power plants
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NiSource Reports First Quarter 2021 Results
May 5, 2021 GMT
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MERRILLVILLE, Ind., May 5, 2021 /PRNewswire/ NiSource Inc. (NYSE: NI) today announced, on a GAAP basis, net income available to common shareholders for the three months ended March 31, 2021 of $281.7 million, or $0.72 diluted earnings per share, compared to a net income available to common shareholders of $61.8 million, or $0.16 diluted earnings per share, for the same period of 2020.
NiSource also reported non-GAAP net operating earnings available to common shareholders of $304.8 million, or $0.77 diluted earnings per share, for the three months ended March 31, 2021, compared to non-GAAP net operating earnings available to common shareholders of $290.9 million, or $0.76 diluted earnings per share, for the same period of 2020. Schedule 1 of this press release contains a complete reconciliation of GAAP measures to non-GAAP
Wolf, a Democrat, in 2019 ordered his administration to start drafting regulations to bring Pennsylvania into what is now an 11-state consortium of Northeastern and mid-Atlantic states that sets a price and declining limits on carbon dioxide emissions from power plants.
If Wolf is successful, Pennsylvania would become the first major fossil fuel state to adopt a carbon pricing policy and join the Regional Greenhouse Gas Initiative, called RGGI. Wolf has made both a centerpiece of his strategy to fight climate change in one of the nation s biggest power states and polluters.
In consortium states, owners of power plants fueled by coal, oil or natural gas with a capacity of 25 megawatts or more must buy a credit for every ton of carbon dioxide they emit.