Crude Oil ( ) Brent Crude ( ) Natural Gas ( ) S&P 500 ( ) PHLX Oil ( )

A coalition of 27 states and industry groups had hoped to stop the EPA’s Clean Power Plan from taking action by filing a motion to stay in the District of Columbia circuit court. Today, the court announced that it has denied that motion and further ordered that consideration of the appeals “be expedited.”

In its decision, the court said that the “petitioners have not satisfied the stringent requirements for a stay pending court review.” The court asked that the parties agree to a format by January 24, and added that oral arguments will begin on June 2.

The states battling the CPP in court have called the legislation an unlawful federal bid to control state power grids. The motion is being spearheaded by West Virginia and Texas, but includes Alabama, Arizona, Arkansas, Colorado, Florida, Georgia, Indiana, Kansas, Kentucky, Louisiana, Michigan, Missouri, Montana, Nebraska, New Jersey, North Carolina, Ohio, South Carolina, South Dakota, Utah, Wisconsin, and Wyoming.

The EPA’s Clean Power Plan hopes to reduce carbon emission levels 32% below the levels measured in 2005.