Study Reveals New Cap-and-Trade Winners and
Losers
WASHINGTON, Jul 10, 2009 -- BUSINESS WIRE
According to a new study, the impact of new cap-and-trade policies on
electric rates across the country will vary greatly depending on how carbon
allowances are allocated, creating unnecessary windfall profits for some
without any additional reduction in carbon emissions.
The study, conducted by Synapse Energy Economics of Cambridge, MA, will be
released Wednesday, July 15, at the National Press Club. It is sponsored by
the National Association of Regulatory Utility Commissioners (NARUC), the
American Public Power Association (APPA), the National Rural Electric
Cooperative Association (NRECA) and the National Association of State
Utility Consumer Advocates (NASUCA).
All four groups support climate change legislation that results in
productive costs that will prompt investments to reduce emissions and spur
economic growth. Some of the allocations in the House-passed (H.R. 2454)
legislation, however, are unproductive - driving prices up higher than
necessary while providing no additional benefit to the environment.
SPEAKERS:
-- Frederick Butler, President of the National Association of Regulatory
Utility Commissioners
-- Ezra Hausman, Ph.D., Vice President, Synapse Energy Economics
-- Glenn English, CEO of the National Rural Electric Cooperative Association
-- Mark Crisson, President and CEO of the American Public Power Association
-- Sonny Popowsky, Consumer Advocate for the State of Pennsylvania,
representing the National Association of State Utility Consumer Advocates
SOURCE: American Public Power Association (APPA)
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