ML Strategies Weekly Energy and Environmental Update (7/11/10)

Energy and Climate Legislation

As Congress returns from the July 4th recess, the future of climate and energy legislation is still uncertain. Though Majority Leader Harry Reid (D-NV) is expected to have a bill on the floor perhaps as early as the week of July 19, the contents of that package are still unknown, and though there is some agreement as to which pieces to include in the march toward 60 votes, the quantity and quality of those pieces are still to be determined. Senators are likely to be presented with options of what could be included in the package this Tuesday or Wednesday, and a debate is expected either in mid-July or the first of August if Majority Leader Reid keeps the Senate in session that long.