Electricity providers say plan will hike prices

WASHINGTON A House panel on Thursday heard from representatives of rural cooperatives, utility commissions, and electric utilities about a bill to curb release of the gases linked to global warming.

The providers say the best way to keep the electricity sector from passing the cost of reducing greenhouse gases on to consumers is to give away - not sell - allowances to emit the pollution.

That approach differs from one proposed by President Barack Obama. The president's budget assumes that allowances will be sold and the revenues returned to consumers saddled with higher energy bills.


MORE POLITICS FROM AP
NEW YORK AND TRI-STATE AREA NEWS

USEFUL LINKS:
E-MAIL UP CLOSE || REPORT TYPO ||  GET WIDGET

  UP CLOSE ON FACEBOOK

Copyright © 2024 WABC-TV. All Rights Reserved.