Wednesday, June 10, 2009

Waxman-Markey Energy Legislation Report Released

The U.S. House Energy and Commerce Committee has released the committee report on the comprehensive energy legislation -- also known as the Waxman-Markey bill -- that was approved last month.

The report includes the bill as amended, a section-by-section explanation, and all committee votes on the measure.

Meanwhile, yesterday the committee heard testimony on issues related to emission allowances. Thomas Ferrell, president of Dominion Resources, told the committee that the Edison Electric Institute -- an investor-owned electric utility trade organization -- supports a provision giving local electric distribution companies 30 percent of the allowances for free, E&E News PM reported ("Waxman Releases Committee Report of Cap-and-Trade, Energy Bill," June 9, 2009). On the other hand, David Sokol, chair of MidAmerican Energy Holdings, asked the committee to delete the free emissions allowances.

No comments:

Post a Comment