During the past two years, the U.S. Environmental Protection Agency has been extraordinarily active in proposing and finalizing new air quality, water and waste regulations that may have profound implications for the way the United States generates electricity. At the same time, the United States faces a significant gap between projected electricity demand and supplies.

The new regulatory environment created by the Obama administration’s EPA will present significant challenges that will need to be overcome by policymakers, electric utilities and project developers.