in News Departments > Policy Watch
print the content item

A bill introduced by Senators Diane Feinstein, D-Calif., and Thomas Carper, D-Del., that would establish a national program to reduce greenhouse gas emissions from the electricity sector has received support from six major electric companies.

The Electric Utility Cap-and-Trade Act (S.317) would create a national system that would first cap, and then ratchet down electricity sector emissions by 25% below projected levels by 2020. PG&E Corp., Florida Power & Light, Entergy Corp., Exelon Corp., Calpine Corp. and Public Service Enterprise Group all came out in support of the bill. According to the senators, the electricity sector accounts for 33% of all U.S. emissions.

"As the single largest source of emissions in the U.S., the utility sector must play a key role in meeting our national emissions reductions goals," says Peter A. Darbee, PG&E's chairman, president and chief executive officer. "This bill will significantly reduce emissions from the utility sector, and it will do so by leveraging the innovation and efficiency of the market."


Trachte Inc._id1770
Latest Top Stories

Recapping The Wind Industry's Third-Quarter Deals

Mercom Capital Group recaps investment and merger and acquisition activity during July, August and September.


Yearly Installed Capacity Figures Already Beat 2013 Numbers, More Wind On The Way: AWEA

While the American Wind Energy Association (AWEA) lobbies Congress to extend the production tax credit, the association notes wind projects now under construction signal a vibrant 2015.


Yahoo Inks Contract To Buy Kansas Wind Power

The Internet company plans to log in to the Alexander wind project, which is being built by community developer OwnEnergy.


Could Initial Offshore Wind Projects Crash New England's REC Market?

Some are concerned that the first offshore wind projects could negatively impact pricing of renewable energy credits (RECs) in New England.


Catching Up With The DOE's Down-Select Offshore Winners

The three recipients of key U.S. Department of Energy (DOE) funding provide updates on their offshore wind demonstration projects.

Canwea_id1984
Renewable NRG_id1934
Hybrid Energy Innovations 2015