SOURCE: Industrial Info Resources

Industrial Info Resources

March 03, 2010 05:30 ET

Conference: Clear Federal Energy Policy Needed to Spur Utility Investments in New Power Plants, Energy Efficiency, an Industrial Info News Alert

SUGAR LAND, TX--(Marketwire - March 3, 2010) - Written by John Egan for Industrial Info Resources (Sugar Land, Texas) -- A clear and consistent federal energy policy is urgently needed so that utilities can begin making large capital outlays to replace aging generating stations and build new transmission lines, speakers told an energy conference held in Washington, D.C., earlier this week.

The Waxman-Markey bill, which was narrowly passed last June by the U.S. House of Representatives, contained both a cap and trade and a federal renewable energy standards (RES) requirement. However, the bill has been stalled in the Senate. In recent days, there have been indications that three senators at the center of potential energy and environmental legislation are trying to create an energy and environment bill that replaces cap and trade with other mechanisms to reduce carbon-dioxide emissions.

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