Senators attach to energy bill measure offering loan guarantees
Washington (Platts)--24May2005
The US Senate's lead energy bill now includes a new section that would provide loan guarantees to companies that build new "clean energy" projects. The proposal will be part of the comprehensive energy bill being debated by the Senate Energy and Natural Resources Committee, which released the proposal Tuesday. The plan would establish an Energy Loan Guarantee Fund that would provide aid to carbon capture and sequestration projects, coal gasification and advanced nuclear plants, renewable energy facilities, and efficient electric transmission and distribution technologies. The proposal was written by Sen Pete Domenici (Republican-New Mexico), Congress' top nuclear power advocate, and Sen Jeff Bingaman (Democrat-New Mexico), one of its biggest renewable energy supporters. The committee expects to pass the comprehensive bill this week, which would send it to the full Senate for approval. Debate there could start in June. The House passed its energy bill in April. President Bush has asked Congress to complete a House-Senate bill by Aug 1. This story was first published in Platts real-time news and market reporting service Global Alert - http://www.globalalert.platts.com
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