US renewable energy bill faces battle in 2010
Sep 21, 2010
By Timothy Gardner
WASHINGTON, Sept 21 (Reuters) - A bipartisan group of U.S. senators
introduced a bill on Tuesday that would require utilities to generate
minimum levels of renewable power which environmentalists welcomed but
analysts said had slim chances of passing this year.
Jeff Bingaman, a Democrat and chair of the Senate's energy committee,
and Sam Brownback, a Republican, introduced the bill which would create
a Renewable Electricity Standard (RES) requiring utilities to generate
15 percent renewable power by 2012.
Senate Majority Leader Harry Reid stripped a Renewable Electricity
Standard out of the broader oil spill bill in July saying climate
measures would not get a single Republican vote. [ID:nN2084474]
But the bill introduced on Tuesday has some support as it is nearly the
same bill as one that passed Bingaman's committee last year. Supporters
of the bill said two other Republicans, Senators Susan Collins and John
Ensign, also support it.
Steel workers, utilities that have strong renewable portfolios, and
environmentalists seeking to spur reductions in greenhouse gas emissions
have pushed for the bill saying it would create jobs to help the country
compete with China in production of wind turbines and solar power
panels.
The measure "will help protect and create hundreds of thousands of
good-paying jobs and keep America in the clean energy race," said Leo
Gerard, president of the United Steelworkers union.
"With a national RES in place, we'll invest billions of additional
dollars in renewables and create tens of thousands of jobs," said Lew
Hay, the chairman and chef executive of NextEra Energy Inc (NEE.N).
"Without an RES, that won't happen."
COLLAPSE OF CLIMATE BILL HURTS CHANCES
But analysts said the bill had little chance of passing this year in
part because the senate failed to pass the bigger climate bill.
"Chairman Bingaman may be setting the stage for the clean and green
legislative agenda in 2011, but we give near zero odds for 2010
passage," of the bill this year, said Kevin Book, an analyst at
ClearView Energy Partners, LLC.
He said the collapse of cap-and-trade legislation meant the end of
allowances that would have been given away to help state governments pay
for high-cost green sources and efficiency retrofits.
Whitney Stanco, an analyst at Concept Capital's Washington Research
Group, said the bill had about a 25 percent chance of enactment this
year, as the legislative calendar is filled with other big items such as
a deal on tax extenders and a defense authorization bill.
Bruce Josten, top lobbyist at the Chamber of Commerce, told the Reuters
Washington Summit on Tuesday that such a measure could pass next year if
it had provisions that protect power bills from rising and give breaks
to states lacking bountiful wind and solar resources.
By Timothy Gardner
WASHINGTON, Sept 21 (Reuters) - A bipartisan group of U.S. senators
introduced a bill on Tuesday that would require utilities to generate
minimum levels of renewable power which environmentalists welcomed but
analysts said had slim chances of passing this year.
Jeff Bingaman, a Democrat and chair of the Senate's energy committee,
and Sam Brownback, a Republican, introduced the bill which would create
a Renewable Electricity Standard (RES) requiring utilities to generate
15 percent renewable power by 2012.
Senate Majority Leader Harry Reid stripped a Renewable Electricity
Standard out of the broader oil spill bill in July saying climate
measures would not get a single Republican vote. [ID:nN2084474]
But the bill introduced on Tuesday has some support as it is nearly the
same bill as one that passed Bingaman's committee last year. Supporters
of the bill said two other Republicans, Senators Susan Collins and John
Ensign, also support it.
Steel workers, utilities that have strong renewable portfolios, and
environmentalists seeking to spur reductions in greenhouse gas emissions
have pushed for the bill saying it would create jobs to help the country
compete with China in production of wind turbines and solar power
panels.
The measure "will help protect and create hundreds of thousands of
good-paying jobs and keep America in the clean energy race," said Leo
Gerard, president of the United Steelworkers union.
"With a national RES in place, we'll invest billions of additional
dollars in renewables and create tens of thousands of jobs," said Lew
Hay, the chairman and chef executive of NextEra Energy Inc (NEE.N).
"Without an RES, that won't happen."
COLLAPSE OF CLIMATE BILL HURTS CHANCES
But analysts said the bill had little chance of passing this year in
part because the senate failed to pass the bigger climate bill.
"Chairman Bingaman may be setting the stage for the clean and green
legislative agenda in 2011, but we give near zero odds for 2010
passage," of the bill this year, said Kevin Book, an analyst at
ClearView Energy Partners, LLC.
He said the collapse of cap-and-trade legislation meant the end of
allowances that would have been given away to help state governments pay
for high-cost green sources and efficiency retrofits.
Whitney Stanco, an analyst at Concept Capital's Washington Research
Group, said the bill had about a 25 percent chance of enactment this
year, as the legislative calendar is filled with other big items such as
a deal on tax extenders and a defense authorization bill.
Bruce Josten, top lobbyist at the Chamber of Commerce, told the Reuters
Washington Summit on Tuesday that such a measure could pass next year if
it had provisions that protect power bills from rising and give breaks
to states lacking bountiful wind and solar resources.
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