Friday, August 3, 2007

Democrats Split U.S. Power Industry in Drive to Promote Renewable Energy

(Bloomberg) -- House Speaker Nancy Pelosi has split
the nation's largest utilities such as American Electric Power
Co. from their government-owned counterparts in a drive for votes
to mandate more renewable energy.

The Democratic proposal to force publicly traded power
companies to get 15 percent of their supplies from wind, solar
and other renewable sources by 2020 is likely to have only a
narrow margin if it succeeds. The House may vote on the plan as
soon as today. A similar measure that failed in the Senate in
June included municipal utilities, rural cooperatives and
government power agencies that are excluded from the new bill.


Read more at Bloomberg Energy News

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