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The Environmental Protection Agency declaring that greenhouse gases such as carbon dioxide are public health -- the ruling gives you Obama administration the power to regulate the gases without congressional approval now you'd think.
My next guess would be concerned after -- Always the American Electric Power CEO but he's not.
Why that's the question Mike great to see I I would have thought this would it cause complications for your business.
I think David -- it's nice to be on again thanks a lot -- asked -- to be here with the it does in very simple sense it.
Is a very different approach state by state ultimately have to determine.
The implementation it was called best available control technology for all kinds of different.
The original law under the Clinton -- calls for that -- 250 tons per year.
The EPA has decided to -- this so called tailoring rule to move that up 25000.
Tons fear that may or may not be legally acceptable that it challenged I know that.
The administrator took a great deal of time to come up to this conclusion.
I don't think the administration want this I don't think -- -- that we'd all rather see conventional action.
That like so many other things.
Although difficult and complicated.
Companies like ours and others will find a way to make this work we have to comply with the laws of the United States.
This would be a more costly approach and of course being -- regulated utility.
Will pass this along to our customers though.
The cost of energy is clearly and -- go up because this program.
That that I think is what becomes worry some but it sounds like you're taking this is the way it's gonna have to be approach yet.
The department of energy and notified you that they would be helping you with carbon sequestration of course American Electric Power at Columbus, Ohio.
You lost quite a bit of coal so they're gonna give you what it's a 334 million dollars to help fund that and to.
Move forward with trying to help you along.
They are indeed in actually that's quite encouraging because as you know from earlier conversations.
Segregating and capturing the carbon.
Is a technology that we're already proving at our mountaineers station in West Virginia.
What the -- -- we did last week was help fund the upscaling of that to what we all call.
Commercially available technology and that's not been done anywhere in the world yet so.
This really is a game changer for -- in the near and long term.
And it not only affects the way energy prices will go forward in the United States but around the world as well then.
Once we get that technology up and demonstrated which will do in the next handful of years.
That'll be -- of all over the world and that really allows coal to continue to play and it will let you know throughout the world.
But do so in a much more environmentally responsible way we think that's all logical and we're happy about that so.
On Friday the government did something we're quite encouraged by today they did something that we're quite -- worried about but nonetheless.
We'll comply with the laws whatever they we don't -- that will be many.
You say you -- -- on the consumer live at 330 million natural be passed on -- the taxpayer at some point as well so we're all gonna pay in the end.
Question about that but again this is technology that as -- you know it's.
-- there will be absolutely deployed all over this country.
And it is still the most cost effective way to go the the numbers don't lie to us about them but it is it's taxpayer money no question about that.
Might cure you come from a scientist background which gives you -- -- -- think but but when you hear a declaration by the EPA but what goes through your mind -- and do you understand certain aspects of it we we wanna clean planet.
Certainly end and what we can't.
We can't make sure that China and India are gonna do the same things as we aren't you can't sequester the United States with big barriers up around it but.
What do you think of that declaration.
Well I think as -- as I said earlier on this or surprise here I think that we all other things that through your to your point biologist by training.
I was always excited about photo -- when I learned as a very young student that.
You and I -- something that the far of the world in sales in essence.
And puts as a useful product and then they in turn.
Send out the oxygen that you and I need in a constructive way -- -- that somebody had a great plan here whoever that might have been -- This determination is clearly an interest in determination and -- it'll be tested and and I know that the administrator -- about this in a very detailed and thorough way.
But it is complicated and the implementation of it is complicated I would argue.
Considerably more costly than if congress were able to pass something like Waxman Markey or something better than that.
Through the senate deliberations and that's something that I know you all know we've been supporting -- strongly as we can't.
Mike Morris from American electric car Mike it is always in lighting and a pleasure to have you on thanks to -- -- Buckeyes might have -- gone that -- evolved.
You got to this day.
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