Some Utilities Disappointed in Scaled-Back U.S. Energy Plan

Jul 25th, 2010 | By | Category: Legislation

Senate Democrats’ decision to scale back energy legislation disappointed environmentalists, some utilities and the Obama administration, which took office promising to steer the U.S. economy away from fossil fuels.

Conversely, Senate Majority Leader Harry Reid’s decision to drop a cap-and-trade plan, in which companies would buy and sell pollution rights, was “welcome news” for companies that sell coal to power plants, said Luke Popovich, spokesman for the National Mining Association.

via Some Utilities Disappointed in Scaled-Back U.S. Energy Plan – BusinessWeek.

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