Bill S.317 Receives Support From Electricity Providers
NAW Staff, Monday 22 January 2007 - 10:52:19
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."
this content item is from North American Windpower
( http://www.nawindpower.com/e107_plugins/content/content.php?content.397 )