From the Statement of Administration Policy:
Unfortunately, the bill contains several highly objectionable provisions that would impose higher costs on American taxpayers, electricity consumers, and businesses. Specifically, the bill raises taxes in a way that will increase energy costs facing consumers. It would also impose a national renewable electricity standard that would ignore the specific energy and economic needs of individual States. If H.R. 6 were presented to the President in its current form, his senior advisors would recommend that he veto the bill.
The SAP details the specific objections, point by point. We’ll highlight one that would have an especially onerous impact on manufacturers and consumers, both, by making electricity much more expensive.
Renewable Electricity Standards: The bill would impose a national renewable electricity standard (RES) for power generation, which the Administration previously has stated would be strongly opposed. A one-size-fits-all Federal RES would result in higher electricity costs for consumers in areas where renewable resources are less available and could place new strains on electricity reliability. Such a Federal RES mandate ignores the specific energy and economic needs of individual States. There are significant regional differences in availability, amount, and types of renewable energy resources, resulting in different regions of the country relying on different fuel mixes for their electric generation needs. As a result, standards are best left to the States’ discretion. Efforts created by and tailored to individual States have led to a significant increase in lower-carbon power generation nationwide, including a four-fold increase in wind power from 2000 to 2006. The bill arbitrarily chooses certain technologies with low-carbon emission profiles, while excluding many existing and emerging technologies that perform similarly. Today, almost 30 States have portfolio standards. A Federal RES that is unfair in its applications and prescriptive in its definition will hurt consumers and undercut decisions States have made and are making.
Speaker Pelosi, addressing to reporters as we write this, was asked about the White House opposition to the renewable standards provisions in the bill. Her response was (paraphrasing): Well, it passed the House by a margin of 30 votes. So there.
We don’t think homeowners paying more to heat or air condition their homes are going to be much persuaded by that appeal-to-authority argument. So there.
House debate under way. Please don’t talk about Bobby Thomson’s “Shot Heard around the World” any more, Madame Speaker, autographed baseball or not.
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