How utilities can take a portfolio-management approach to environmental compliance.
In March 2005, the Environmental Protection Agency (EPA) issued the final Clean Air Interstate Rule (CAIR) and Clean Air Mercury Rule (CAMR). Assessing the impact that these and other environmental policies have on the whole organization reveals implications for the corporate process at all levels.
As legislation to limit greenhouse-gas emissions is batted about at federal, state, and local levels, those of us involved with electric utilities increasingly are concerned about the effect that future greenhouse-gas regulation could have on inudstry plans to comply with existing CAIR and CAMR requirments. The central issues and questions are: