From Washington Policy to Wall Street Securities – Timely Impact Analysis for Investors
Bradley Woods & Co. Ltd.
Bradley Woods & Co.
Dispensing policy insight for our clients’ investing and financing needs since 1970.
Daily Impact: August 21, 2014
Cloud Peak Energy (NYSE: CLD )
The EPA has promulgated carbon emissions standards for existing power plants and separately re-proposed a set of interstate air pollution regulations. While the standards will force the utility industry to spend billions of dollars to comply, industry lobbyists have acknowledged that both sets of rules will provide some regulatory certainty. Domestic demand for coal could take a serious hit as utilities turn to alternative power sources in the face of burdensome and expensive rules. The EPA's carbon standards and interstate air pollution rules would hurt companies such as Cloud Peak Energy (NYSE: CLD), which sells its coal to domestic and foreign electric utilities.