Levin, Stabenow Support Fair Allowance Formula
November 13th, 2009
Thursday Michigan Senators Carl Levin and Debbie Stabenow joined Senator Tom Harkin and 12 other Democratic senators in sending a letter to Senate leaders asking that any climate and energy legislation that comes out of Congress does not unfairly or disproportionately raise electricity costs in certain regions of the country.
Under the current Senate and House clean energy bills, emission allowances are allocated based on a formula that is 50 percent based on sales and 50 percent based on emissions. The formula is unfair to utilities that are coal dependent, as they will need to purchase more emissions allowances than others, and those higher costs will be passed on to their customers.
The letter, which was sent to Senators Reid, Boxer, Baucus and Kerry, asks that the clean energy bill base the allocation of greenhouse gas emission allowances solely on historical emissions, rather than using the formula in the current Kerry-Boxer bill (S. 1733).
MECA and NRECA worked together to secure the signatures of Michigan’s Senators, which are considered to be “on the fence” regarding cap-and-trade legislation, with their primary concern being cost to customers.
Please send a note of thanks to Senator Levin and Senator Stabenow for signing on to the Harkin letter. To email Sen. Stabenow send to Chris Adamo (chris_adamo@stabenow.senate.gov) and for Sen. Levin email Alice Yates (Alice_Yates@levin.senate.gov). —Mike Peters
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