Kerry and Lieberman Circulating Utility-Only Bill

Wednesday, July 14, 2010 at 10:23 am

As expected, Sens. John Kerry (D-Mass.) and Joe Lieberman (I-Conn.) are circulating a new draft of their climate change proposal among industry and environmentalist stakeholders. The draft, which was obtained late last night by The Hill, would cap greenhouse gas emissions in the utility sector, but also includes economy-wide emissions reduction goals.

The bill has the same overall emissions reduction goals as an earlier proposal from Kerry and Lieberman: It would aim to reduce emissions 17 percent below 2005 levels by 2020; 42 percent by 2030; and 83 percent by 2050. But it appears the only hard cap in the bill is on the power sector, which would be required to reduce emissions by those same amounts. It’s unclear how the rest of the economy would be expected to meet those targets.

The prospects for passage of a utility-only bill remain in doubt, as sources on and off the Hill, even some Democrats, question whether such a proposal can muster the necessary 60 votes, as I wrote today.

More to come as I go through the bill in more detail.

Update: Here’s the draft in full:

KL draft

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Comment posted July 14, 2010 @ 2:33 pm

Of course! Put the burden on the poorest parts of the country where coal is used to generate power.

In PA, where the population is aging and on fixed income, we're already going to bear the skyrocketing costs of removal of the cap in place since electric deregulation.

They wanted to run power lines to DC from the coal areas so the fat cats there didn't have to breathe the air but got all the benefit, meanwhile we rate payers would've had to foot the capital costs of construction as well. We put a stop to that nonsense.

Our governor Rendell made sure that a coal fired plant owned by a big campaign donor got approved by the state DEP the very day before new more stringent regulations went into effect. That's on hold now also.

Way to go, Democrats! You used to stand for us, now you stand for the wealthy. You make me sick. Never mind — we'll just continue to take matters into our own hands.

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