|EEI's Kuhn Criticizes Cap-and-Dividend Option for Climate Bill|
EEI Daily Energy News
EEI President Tom Kuhn voiced objections to a cap-and-dividend strategy for auctioning GHG emissions permits, Environment and Energy Daily reported. Kuhn predicted consumers would resist the rate increases resulting from emissions limits if they only had "a promise a check will come down the road from the federal government." Kuhn added his opinion that the strategy will "cause a negative reaction on doing something on climate change." The plan being put forth by Sens. Maria Cantwell, D-Wash., and Susan Collins, R-Maine, would return 75 percent of auction revenue to consumers, with the other 25 percent funding clean energy projects.
Environment and Energy Daily, Feb. 24.