Currently, RGGI member states require fossil-fueled power plant owners to buy a credit for every run ton of carbon dioxide emitted. Pennsylvania will generate hundreds of millions of dollars selling credits.
Discussions regarding Pennsylvania joining RGGI is gaining momentum
A separate report from Reuters cited an analyst a Height Capital Markets in Washington stating Pennsylvania is gaining momentum in its effort to join the RGGI.
The analyst noted that Pennsylvania lawmakers have been working on legislation to subsidize the state’s nine nuclear reactors to keep its operations. The nuclear power plants provide thousands of jobs to Pennsylvanians and generate power without emitting greenhouse gases.
FirstEnergy Solutions, one of the companies operating power plants in Pennsylvania said it could shut down its 2,490-megawatt (MW) Bruce Mansfield coal plant and 1,808-MW Beaver Valley nuclear plant in 2021. It continues the operations of the power plants if the state or the federal government provides more subsidies.
