EPA-HEAT RATE

Amends the Environmental Protection Act. In provisions regarding the regulation of greenhouse gases, defines "heat rate" as the gross amount of energy used by an electric generator or power plant, expressed in British thermal units (Btus), to generate one kilowatt hour (kWh) of electricity, as measured using a 12-month average. In provisions regarding electric generating units and large greenhouse gas-emitting units that have a heat rate greater than or equal to 7,000 Btus/kWh, requires each EGU and large GHG-emitting unit, by no later than January 1, 2035, to reduce its COe emissions by at least 50% from its existing COe emissions as measured using a 12-month gross average in 2034.