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Article by Kyle Danish, Shelley Fidler, Kevin
Gallagher, Megan Ceronsky, Tomás Carbonell, Harold Bulger,
Van Smith, Doug Rhorer
Commentary
Majority Leader Reid pulled the plug on a carbon pricing
element of the energy bill, citing insufficient votes. The
announcement by Reid cut short an effort by some environmental
groups and a few utilities to develop a compromise utility-only
cap-and-trade program; the effort had not yet borne fruit. Senator
Kerry says he still intends to bring the bill forward during the
recess . . . Reid also said he did not see sufficient votes for a
renewable electricity standard; however, concerted efforts are
underway to revive such a standard. Key questions will include the
level of stringency, and whether the standard should reach energy
efficiency, nuclear power, natural gas, or coal-fired generation
with carbon capture . .
