EPA recently released cost-benefit analysis of competing legislation to curb power plant emissions, including the President's Clear Skies legislation as well as legislation introduced by Sen. James Jeffords (I-VT) and separate legislation introduce by Sen. Thomas Carper (D-DE).
The cost-benefit analysis showed that the President's Clear Skies bills perform no better than regulations already on the book. Furthermore, though the analysis predicts lower costs for the Clear Skies Act compared to competing legislation, it also predicts far fewer benefits.