Negotiators Close In on Energy Measure
Many elements that were in the version of the energy bill passed in August by the House -- such as a requirement for utilities to use minimum amounts of renewable fuels ... -- seemed unlikely to be included, congressional sources said.
...Companies in the wind and solar energy businesses have been lobbying hard for the extension of production tax credits worth about 1.9 cents a kilowatt hour. The credits are set to expire at the end of 2008, but companies said they need an extension to plan new projects.
"If that goes away, you'll see a shrinkage in the size of the industry at time when we need fuel diversity," said Peter C. Duprey, chief executive of Acciona Energy North America, a unit of a big Spanish corporation expanding in the U.S. wind and solar markets.
November 29, 2007
by Steven Mufson
in Washington Post
Bill Raises Ethanol, Efficiency Targets; Fuel Credits for Auto Industry at Issue
Congressional negotiators are nearing agreement on the components of an energy bill that would boost fuel efficiency standards for vehicles and require vast increases in the use of biofuels, according to congressional aides and lobbyists.
The auto industry and its champion, House Energy and Commerce Committee Chairman John D. Dingell (D-Mich.), have accepted the target of achieving an average of 35 miles a gallon for each carmaker's fleet of new U.S. vehicles by 2020, set in the version of the bill passed by the Senate in June. However,... [continue via Web link]