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ARTICLE · 27 JULY 2009

Weekly Climate Change Policy Update - July 20, 2009

Van Ness Feldman LLP
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Senate hearings this week were marked mostly by broad rhetorical flourishes, but there were hints at what elements might be necessary to draw the extra votes needed for ultimate passage - subsidies for nuclear power, allowance allocations to agriculture, promotion of biomass . . .

United StatesEnergy and Natural Resources

Article by Kyle Danish, Shelley Fidler, Megan Ceronsky, Tomás Carbonell, Kevin Gallagher, Marisa Swenson and David Frenkil

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Commentary

Senate hearings this week were marked mostly by broad rhetorical flourishes, but there were hints at what elements might be necessary to draw the extra votes needed for ultimate passage – subsidies for nuclear power, allowance allocations to agriculture, promotion of biomass . . . An intramural battle broke out within the electric power sector. Investor-owned utilities reached a careful compromise on an allowance allocation plan and successfully advocated for its inclusion in the ACES bill. Now, that plan has come under attack by public power entities and cooperatives who claim it leads to windfalls for generators in unregulated markets.

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