When the Environmental Protection Agency announced new emissions guidelines last summer, the hearts of utility executives across America skipped a beat. Few industries are as fraught with uncertainty as power generation. Volatility in fuel prices and potential interruptions to supplies already keep power professionals up at night, and the threat of new regulations was just one more cause for concern. But what did the EPA's new guidelines really mean for the power production industry? At first glance, the call for a 30 percent reduction in carbon emissions by 2030 seemed vigorous. How could power producers cut their emissions by one-third in so short a period of time?
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