H.R. 3826, Electricity Security and Affordability Act

Cost Estimate
February 12, 2014

As ordered reported by the House Committee on Energy and Commerce on January 28, 2014

On January 8, 2014, the Environmental Protection Agency (EPA) published a proposed rule that would establish uniform national limits on greenhouse gas (GHG) emissions from new electricity-generating facilities that use coal or natural gas. The rule also sets new standards of performance for those power plants, including the requirement to install carbon capture and sequestration technology. H.R. 3826 would repeal this pending rule and place new requirements on any future regulations addressing GHG emissions from new or existing power plants.

CBO estimates that implementing this legislation would cost $2 million over the 2015-2019 period, subject to the availability of appropriated funds. Enacting H.R. 3826 would not affect direct spending or revenues; therefore, pay-as-you-go procedures do not apply.

H.R. 3826 contains no intergovernmental or private-sector mandates as defined in the Unfunded Mandates Reform Act and would not affect the budgets of state, local, or tribal governments.