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MJB&A and the Analysis Group issued this Fall 2011 update to an earlier analysis, "Ensuring a Clean, Modern Electric Generating Fleet while Maintaining Electric System Reliability," published in August 2010. This is the third installment in a series of reports focusing on the reliability implications of two U.S. Environmental Protection Agency (“EPA”) clean air rules affecting the electric power sector: (1) the Cross-State Air Pollution Rule (“Transport Rule”) and (2) the national emission standards for hazardous air pollutants from coal- and oil-fired electric utility steam generating units (“Utility Toxics Rule”).