Wednesday, October 14, 2009

Boxer Schedules Climate Change Hearings

Senate Environment and Public Works Chair Barbara Boxer has scheduled three days of hearings the last week of October on the Kerry/Boxer version of cap and trade legislation, despite the fact that USEPA has not yet finished its cost analysis of the proposed legislation, and CBO will not score the proposal until after her committee marks up the legislation. Witnesses scheduled at the October 27 hearing include Energy Secretary Steven Chu, Interior Secretary Ken Salazar, Transportation Secretary Ray LaHood, EPA Administrator Lisa Jackson, and FERC Chairman Jon Wellinghoff. Witnesses for the following two days have not yet been announced.

USEAP is analyzing the proposed bill without knowing the details it will include regarding nuclear power production, and without details of a final allocation formula for emission credits. Coal state senators Thomas Carper, Robert Byrd, Arlen Specter, Max Baucus and Mark Werner have expressed satisfaction with the draft bill's treatment of the coal industry, including incentives for construction of a new generation of carbon capturing coal fired power plants.
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