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EPA rule on fish kills at plants angers environmentalists, pleases utilities

May 20, 2014 7:15 PM ETEntergy Corporation (ETR) StockDUK, D, ETR, EXC, IDU, XLU, VPU, PUI, RSPU, SDP, UPW, FXU, PSCU, UTLT, FUTYBy: Carl Surran, SA News Editor39 Comments
  • Environmentalists are angry at the Obama administration's scaled-back regulation meant to keep fish from being sucked into the water intakes of factories and power plants.
  • The EPA regulation issued yesterday specified a range of at least seven options facility operators can use to reduce the 2B fish, crab or shrimp that die each year in water intakes, but critics say the agency left too many decisions with state regulators and are threatening to sue to force tougher action.
  • Power companies operating large coal or nuclear plants such as Entergy (NYSE:ETR), Exelon (NYSE:EXC), Duke Energy (NYSE:DUK) and Dominion (NYSE:D) had urged the EPA to grant flexibility and time to meet the water-intake standards, and generally were satisfied with the outcome.
  • ETFs: XLU, IDU, VPU, UPW, RYU, FUTY, PUI, FXU, SDP, PSCU, UTLT

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