Cap and Trade Concession, Well, Yes, Rates Will Go Up

By August 26, 2009Energy

From Jefferson City, Mo., an exchange between an environmentalist and a Missouri Public Service Commission member:

Dylan Sullivan of the Natural Resources Defense Council, told the audience that passing cap-and-trade would most likely result in lower electric bills for Missouri residents.

“The bill increase that results from the carbon price is lowered by the implementation of complimentary policies…and so we estimate that the average electricity bill decrease in Missouri from 2010 to 2020 is $6.32 cents,” Sullivan said.

But Missouri Public Service Commission member Jeff Davis challenged Sullivan’s statement.

“If you’re going to come here and make a presentation and say that Markey-Waxman (the cap-and-trade bill passed by the U.S. House), and all these things combined, can actually lower our rates, then I think you need to spell that out in writing exactly how that can be done, and not just talk in platitudes,” Davis said.

Sullivan conceded that the cap-and-trade bill could result in higher power bills for Missouri residents.

That’s some concession.

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