On June 2, 2014, EPA released its long-awaited proposal to regulate CO2 emissions from existing power plants—the 111(d) rule. In the rule, EPA proposes enforceable state-by-state CO2 performance goals, expressed in pounds of CO2 per megawatt hour (lbs/MWh). Overall, the Agency projects the rule will achieve a 30 percent reduction in power plant CO2 emissions (from 2005 levels) by 2030 and a 25 percent reduction by 2020. EPA will allow broad flexibility in terms of how the goals are met.
MJB&A's summary of the proposed rule, including summary charts of state goals, can be found here.