Jeffrey Holmstead, a partner at the law firm Bracewell & Giuliani who represents several utilities, said the agency is responding to industrys concerns that even some new natural gas plants would not be able to meet the proposed standard.
My sense is they realize the path that started down doesnt work, said Holmstead, who headed EPAs air and radiation office under George W. Bush. This proposal is so completely different from anything theyve done before theyve created a problem for themselves.
So Obama's finally come to his senses about socialism?