setting a northeastern co2 emissions cap on the electric power industry compliance options costs and market impacts prepared for center energy & economic development by ventures analysis inc 1901 n moore street suite 1200 arlington va 22209 703 276 8900 august 2003 1 executive summary this study examines potential of reducing carbon dioxide generating facilities in an 11 state region northeast it assumes alternative reduction targets stabilization at 1990 levels much more aggressive 25 below were estimated based replacing or current high emitting sources with lower zero including natural gas combined cycle plants environmental dispatch biomass cofiring wind nuclear explicitly precluded purchases emission allowances additional imports from canada other regions as these assumptions made order to develop realistic estimates through changes s supply shown exhibit side reductions range 20 60 per ton reduced given direct