Analyzing the Bingaman Utility-Only Draft Bill

Here’s a quick tour of a PowerPoint analysis obtained by TWI on Sen. Jeff Bingaman’s (D-N.M.) utility-only discussion draft, created with input from the staff of Sen. Olympia Snowe (R-Maine).

As projected, the bill would cut carbon dioxide emissions from the power sector by around 50 percent by 2035, as compared with the business-as-usual baseline:

The bill would raise more than $80 billion annually by 2035:

Renewable generation would increase significantly beyond a business-as-usual scenario:

Nuclear power generation would also increase:

But, highlighting one reason for utility opposition to such a proposal, coal generation would decrease significantly: