Midwest Energy Emissions Corp. Comments on Supreme Court Decision on MATS
LEWIS CENTER, OH -- (Marketwired) -- 07/02/15 -- Midwest Energy Emissions Corp. (OTCQB: MEEC), an emerging leader in mercury emissions control technology for the global coal-power industry, provided commentary today regarding the U.S. Supreme Court decision on June 29thto remand the Environmental Protection Agency's (EPA) Mercury and Air Toxic Standards (MATS) back to the U.S. Court of Appeals for the D.C. Circuit.
Commenting on the Supreme Court decision, Midwest President Richard MacPherson stated, "The Supreme Court ruling on Monday June 29th has left in place the US Environmental Protection Agency's authority to set regulations on mercury from power plants. This decision will require the EPA to reconsider MATS by taking the costs for compliance into consideration at an earlier stage of the process, under the direction of the DC Circuit Court. In the meantime, it appears that the current MATS rule remains operative until the DC Circuit Court determines otherwise. In turn, we are conducting business as usual, providing critical compliance options to our utility customers. We await further developments from the lower court and will inform shareholders of developments in a timely manner."
Continued President Richard MacPherson, "ME2C will continue to be a leader in providing the most cost-effective, dynamic solutions to the emerging global market for mercury air emissions control at coal and oil fired power plants. The Supreme Court decision regarding MATS is a development for which we are well prepared. As utilities across North America -- whether under state, provincial or federal regulations -- continue to meet their mercury emissions regulations, Midwest Energy Emissions Corp. will offer them the best options possible to do so."
About Midwest Energy Emissions Corp. (ME2C) Midwest Energy Emissions Corp. delivers patented and proprietary solutions to the global coal-power industry to remove mercury from their power plant emissions, providing performance guarantees and leading edge emissions services. The U.S. Environmental Protection Agency's (EPA) Mercury and Air Toxic Standards (MATS) rule requires that all coal- and oil-fired power plants in the U.S., larger than 25 mega-watts, must remove roughly 90% of mercury from their emissions starting April 16, 2015. ME2C has developed patented technology and proprietary products that have been shown to achieve mercury removal levels compliant with MATS at a significantly lower cost and with less operational impact than currently used methods, while preserving the marketability of fly-ash for beneficial use.
Safe Harbor Statement
With the exception of historical information contained in this press release, content herein may contain "forward looking statements" that are made pursuant to the Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995. These statements are based on management's current expectations and are subject to uncertainty and changes in circumstances. Investors are cautioned that forward looking statements involve risks and uncertainties that could cause actual results to differ materially from the statements made. Matters that may cause actual results to differ materially from those in the forward-looking statements include, among other factors, the gain or loss of a major customer, additional or new EPA regulations affecting coal-burning utilities, disruption in supply of materials, a significant change in general economic conditions in any of the regions where our customer utilities might experience significant changes in electric demand, a significant disruption in the supply of coal to our customer units, the loss of key management personnel, failure to obtain adequate working capital to execute the business plan and any major litigation regarding the Company. In addition, this release contains time-sensitive information that reflects management's best analysis only as of the date of this release. The Company does not undertake any obligation to publicly update or revise any forward-looking statements to reflect future events, information or circumstances that arise after the date of this release. Further information concerning issues that could materially affect financial performance related to forward-looking statements contained in this release can be found in the Company's periodic filings with the Securities and Exchange Commission.
Keith R. McGee
Sr. Vice President
Business Development & Investor Relations
Midwest Energy Emissions Corp.
Source: Midwest Energy Emissions Corp.
Released July 2, 2015