SOURCE: Coalition for the Green Bank

Coalition for the Green Bank

August 04, 2009 16:21 ET

Green Bank/Clean Energy Deployment Administration Can Protect Consumers From Any Electricity Price Increases

According to Coalition for the Green Bank

WASHINGTON, DC--(Marketwire - August 4, 2009) - According to the Coalition for the Green Bank, the Energy Information Administration (EIA) draft analysis issued today makes the case for chartering a Green Bank/Clean Energy Deployment Administration already included in the House energy bill and the Senate Energy Committee bill. The EIA, while projecting electricity price increases to U.S. electricity customers under climate legislation passed by the House last month, itself admitted that it did not analyze the effects of CEDA and that CEDA "may have the most significant potential to alter the reported results."

"EIA is exactly right," stated Reed Hundt, Co-Chair of the Coalition for the Green Bank, "CEDA's low-cost financing can protect consumers state by state from any electricity price increases as well as create millions of new jobs converting our nation from carbon to clean as the basis of our economy."

About the Coalition for the Green Bank

The is a consortium of leaders in energy development enterprises including renewable resource developers, original equipment manufacturers, investors, financial advisors and consultants dedicated to the stimulus of green energy assets for clean and sustainable energy and jobs, and economic development. The CGB is proud to have the support of the Pickens Plan, Mesa Power, General Electric, Cavallo Energy, RES-Americas, American Wind Energy Association, Clean Economy Network, ACORE and many more.

The CGB is comprised of co-chairs Todd Filsinger (PA Consulting Group) and Reed Hundt, and the members of the Steering Committee and Coalition listed below.

Steering committee members:
AES Corporation (Rajeev Garside)
Cavallo Energy (Phillip P. Gennarelli)
Chinook Energy (William Gleason)
Equilibrium Capital Group, LLC (William Campbell)
Greencore Capital (Gilbert Barnes)
KRM Energy Advisors LLC (Ken Marks)
Latham & Watkins (Mike Gergen)
Mesa Power Group, LLC (Monty Humble)
Riverstone Holdings LLC (Michael Hoffman)
Wellford Energy Advisors (Harrison Wellford)
Alan Fleischmann
Marty Klepper

Coalition members:
AES Corporation
AES Solar Energy Ltd. (Robert Hemphill)
Alston & Bird (Bob Jones, Tom Amis)
AMB International Finance, LLC (John E. Mullen, Raymond J. Albright)
American Council of Renewable Energy (ACORE) (Michael Eckhart)
AMSOLAR Corporation (Joshua Weinstein)
Applied Materials (Rameesh Kailasam & William G. Morin)
Blue Source, LLC (Roger Williams)
Boyd Strategies (Steve Boyd)
Cavallo/Cross Hudson (Harold Borden)
Clean Economy Network (Jeffrey King)
Commonwealth of Kentucky (Paul Kaplan)
CURRENT Group, LLC (Tom Casey)
EKO Asset Management Partners (Jason Scott)
Encomia, LP (William J. Eckert)
Envision Solar International, Inc. (Robert Noble)
Equilibrium Capital Group (Dave Chen)
Gas Turbines International, LLC (Larry Rayman)
GE Energy Financial Service (Steve Taub)
Global Energy, Inc. (Harry H. Graves)
Global Environmental Outreach & GeoConsult (Gregory O'Reilly)
Green Amperage Partners, LLC (Thomas R. Rosén)
Green Harvest Technology (Dan Carol)
Greencore Capital (Michael Telford)
Grid Storage Technologies (Ben Rogers)
Helix Electric, Inc (Ken Emma)
Higher Power Energy, LLC (Mark Patkunas)
International WoodFuels (Steven Mueller)
Kanepi Innovations (Larry Leete)
Konarka Technologies, Inc. (Howard R. Berke)
Lane Powell (Karen Williams)
MAPA Group (Michael Peck)
Mesirow Financial Consulting, LLC (John Oates)
Mohave Sun Power LLC (Mitchell Dong, Robert Marsh)
National Cooperative Bank (NCB) (Andrew Kho, Romie Basra)
New Cycle Capital (Josh Becker)
Pario Capital (Guy Piazza)
Patton Boggs (Joshua Greene)
Pillsbury Winthrop Shaw Pittman LLP (J. Todd Culwell)
Principle Power (Jon Bonanno)
PSE&G (Ralph LaRossa)
RecycleBank (Preston Read)
Renewable Ventures (Peter Conklin)
Serious Materials, CalStar, ZETA (Marc Porat)
Solarsa, Inc. (Scott E. Jorgensen)
Strategic Energy Advisors, Inc. (Jeanine Hull)
Suntech America (K. Scott Son)
Tessera Solar (Kevin Scannell)
Tioga Energy (Kristian Hanelt)
US Mainstream Renewable Power Inc. (Bruce Thompson)
Wilson Sonsini Goodrich & Rosati (Robert O'Connor)

Contact Information

    Irina Dayton
    720 566-9927 direct
    303 478-6381 cell

    Jane Rubinstein
    212 843-8287 direct
    516 993-0708 cell