The proposal — which will soon be released by the Environmental Protection Agency (EPA) — is expected to require coal- and natural gas-fired power plants to cut or capture the vast majority of their carbon dioxide emissions by 2040, The New York Times reported on Saturday, citing officials briefed on a draft of the plan. The regulation, if finalized, would represent the first-ever federal action curbing power plant emissions. "EPA cannot comment because the proposals are currently under interagency review," EPA spokesperson Maria Michalos told Fox News Digital in a statement.  "But we have been clear from the start that we will use all of our legally-upheld tools, grounded in decades-old bipartisan laws, to address dangerous air pollution and protect the air our children breathe today and for generations to come," Michalos said. An Office of Management and Budget filing from late last year stated that the EPA anticipates issuing a proposed rule for the action, described as a proposal to limit greenhouse gas emissions from existing fossil fuel-fired plants, in spring 2023 and promulgating a final rule by summer 2024. The filing noted there are no EPA regulations on the books limiting emissions from existing electric generating units. Overall, there are 3,393 fossil fuel-fired power plants nationwide, the majority of which are natural gas plants, according to the most recent federal data. Those plants generate more than 60% of the nation's electricity, compared to the roughly 14% of electricity generated by wind and solar projects.https://www.foxnews.com/politics/biden-admin-preparing-major-crackdown-power-plants-fuel-nations-grid?intcmp=tw_fnc