Obama: Power plant rule will shrink power prices

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The coal-fired Plant Scherer is shown in operation early Sunday, June 1, 2014, in Juliette, Ga. The Obama administration unveiled a plan Monday to cut carbon dioxide emissions from power plants by nearly a third over the next 15 years, in a sweeping initiative to curb pollutants blamed for global warming. (AP Photo/John Amis)WASHINGTON (AP) — In a sweeping initiative to curb pollutants blamed for global warming, the Obama administration unveiled a plan Monday aimed at cutting carbon dioxide emissions from power plants by nearly a third by 2030. But it delays the deadline for some states to begin complying until long after President Barack Obama leaves office.

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