Utilities Respond to Obama's Climate Change Plan

After President Obama delivered his latest blueprint on climate change yesterday, utilities responded with their own two cents. The Edison Electric Institute (EEI), an association of shareholder-owned electric companies, issued a statement reflecting on the president's plans.

EEI President Tom Kuhn noted that, while electric utilities both understand and support the importance of addressing climate change, electric companies want to ensure that carbon-cutting policies focused on existing power plants "contain achievable compliance limits and deadlines, minimize costs to customers, and are consistent with the industry's ongoing investments to transition to a cleaner generating fleet and enhanced electric grid."

To do this properly, Kuhn emphasized: "It is also critical that fuel diversity and support for clean energy technologies be maintained, not hindered." Even as the EEI stressed support, it noted that utilities have already made significant advancements. Carbon dioxide emissions currently clock in 15% below 2005 levels, it said, with sulfur dioxide and nitrogen oxide emissions are down 75% since 1990.

Adding that utilities everywhere are in a state of "major transformation," Kuhn noted that "We look forward to working with the Administration as it further develops its climate plan and with other key stakeholders, including Congress and the states, which will play a critical role in helping to forge workable regulations."


Read/Post Comments (6) | Recommend This Article (1)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

  • Report this Comment On June 26, 2013, at 9:20 AM, patriot4life wrote:

    There is NO climate anything .. PERIOD !! . Just another Scam from Obama and his Gang from Chicago .

  • Report this Comment On June 26, 2013, at 9:29 AM, 2smartforlibs wrote:

    A power trip this is only going to cost jobs and they morons that voted for him in the transportation unions are going to get what the deserve. The problem is the rest of us get hurt

  • Report this Comment On June 26, 2013, at 10:28 AM, Rackcoon02 wrote:

    What Climate Change? This global warming is a hoax as there is no proof that man can alter or affect the weather! What a crock! Get this two bit hack out of the WH!!!

  • Report this Comment On June 26, 2013, at 3:08 PM, Wills61 wrote:

    Al Gore takes credit for this scam (along with the internet) and fleeced the world.

    Emissions are down worldwide. Even though China and India have increased there demand for coal along with exponential growth.They really don't have the regulations we have here.

    Things that make you go hummmm!

  • Report this Comment On June 26, 2013, at 3:14 PM, Wills61 wrote:

    The truth may be changes from century to century. Man has not always documented changes in climate. This has only been recorded for a short time relatively speaking.

    One must men have almost always been wrong anyway.

  • Report this Comment On June 27, 2013, at 12:25 PM, NickD wrote:

    The whole thing is that humans breath air and release CO2 7 billion people do this.The only way to stop climate change is to get rid of humans and the only way to do this is to kill each other or life works it's crazy magic and slowly lets the humans exhale the CO2 so that one day they can't breath and then that reduces the Air breather creature from exhaling CO2 and then the CO2 breathers can live a normal peaceful life.

Add your comment.

Compare Brokers

Fool Disclosure

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2509975, ~/Articles/ArticleHandler.aspx, 9/27/2016 10:18:21 AM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...

Today's Market

updated Moments ago Sponsored by:
DOW 18,179.13 84.30 0.47%
S&P 500 2,154.15 8.05 0.38%
NASD 5,291.65 34.15 0.65%

Create My Watchlist

Go to My Watchlist

You don't seem to be following any stocks yet!

Better investing starts with a watchlist. Now you can create a personalized watchlist and get immediate access to the personalized information you need to make successful investing decisions.

Data delayed up to 5 minutes