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NEPPA Members Encouraged to Garner Co-sponsors on H.R 1821, the Clean Renewable Energy for Public Power Bill

In an effort to garner board bi-partisan support, NEPPA members have been requested to contact their House members to co-sponsor H.R. 1821, the Clean Renewable Energy for Public Power Act of 2007, which would extend the Clean Renewable Energy Bonds (CREBs) program for 5 years, among other things.  The bill was introduced by Reps. Jim McDermott (D-WA) and Jim Ramstad (R-MN), both members of the House Ways and Means Committee.  Morgan Meguire has sent an e-mail to NEPPA's Congressional delegation requesting their support, but individual contact is encouraged.  Large numbers of cosponsors help indicate the depth of support for the legislation to the Chairman, who largely controls the contents of the bill.

H.R. 1821 provides consumer-owned utilities with an important incentive for investing in renewable generation, particularly as they struggle to meet regional climate initiatives and state renewable portfolio standards.  The bill improves upon the existing CREB program by removing the dollar volume cap, which is currently $400 million annually, extending the program for 5 years, and modifying the definition of governmental entity to ensure that utilities with an obligation to serve their communities will receive an appropriate share of the allocation.  In addition, the bill makes a number of technical changes to the CREBs program to improve its efficiency and ability to attract public power investment in renewable energy projects.

Published Tuesday, April 17, 2007 5:11 PM by Staff

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