(Albuquerque, NM) —The Rio Grande Foundation today joined with elected officials and organizations from 50 states representing a wide range of industries to voice strong concerns with the U.S. Environmental Protection Agency (EPA) flawed “Clean Power Plan.”

For more than 70 years, New Mexico has exercised exclusive jurisdiction over its retail electricity markets. With the passage of the Federal Power Act in 1935, the Congress codified New Mexico’s—and all States’—prerogative to oversee their retail electricity markets, unencumbered by federal intrusion. EPA’s Clean Power Plan, by its very terms, would erase this “bright line” in jurisdiction between federal and state governments.

In addition to usurping the state’s authority, the rule adds insult to injury by imposing unreasonable costs on New Mexico ratepayers. Residential rates are projected to increase by 13 percent to 14 percent, while industrial rates are projected to increase by 23 percent. Making matters worse, the rule also poses a threat to electric reliability.

In response to previous EPA rules, utilities already have announced the closure of 633 megawatts of coal-fired electricity in New Mexico. EPA modeling for the Carbon Pollution Rule projects that the regulation would cause an additional 1,001 megawatts of electricity generating capacity in New Mexico to retire.

The Rio Grande Foundation’s comments are available online.

Said Paul Gessing, president of the Rio Grande Foundation which organized and submitted the comments, “Reliable and inexpensive electricity is critical to creating a prosperous economy. Working class New Mexicans, small businesses, and those on fixed incomes, cannot afford to see electricity prices skyrocket due to unnecessary and ineffectual federal regulations.”

Gessing further noted that it is not just his opinion that the regulations will be ineffective, in September 2013 testimony before a House committee, EPA administrator Gina McCarthy conceded the agency’s climate-change regulatory regime would not affect the climate, because the preponderance of current and future greenhouse-gas emissions originate in Asia.

In conclusion, the EPA is imposing significant costs on New Mexico businesses and rate-payers for no net reduction in current and future greenhouse-gas emissions.