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07-14-2009, 01:16 PM #1
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Waxman-Markey cuts steeper than thought
Edison Electric Institute's Tom Kuhn is ready to sell-out America to get a deal that he naively thinks will work for his industry
Waxman-Markey cuts steeper than thought
By Steve Milloy
Tuesday, July 14, 2009
Waxman-Markey’s emissions reductions goals will be more difficult to meet than previously thought, warned the electric utility industry in a July 6 letter to Senate Majority Leader Harry Reid (R-NV).
Edison Electric Institute chief Tom Kuhn wrote,
“H.R. 2454 would require a reduction of GHG emissions of 3 percent below 2005 levels by 2012–only three years from now. In reality, accounting for growth in electricity demand since 2005, the 2012 requirement is closer to a 10 percent reduction in projected GHG emissions. Achieving this near-term reduction would impose an abrupt and significant price increase on electricity consumers. The House bill also would require a very aggressive 17 percent reduction in GHG emissions below 2005 levels by 2020. Again, we support a more reasonable and achievable 2020 target that will help cushion the cost impact on our consumers.â€Join our efforts to Secure America's Borders and End Illegal Immigration by Joining ALIPAC's E-Mail Alerts network (CLICK HERE)
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