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Utilities see bright side to new Senate energy legislation

May 14, 2010
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LAS VEGAS — Two East Coast senators unveiled climate-change legislation Thursday aimed at reducing carbon emissions in the U.S. and lessening the nation''s dependence on foreign oil, according to the Las Vegas Sun.
The American Power Act, written by Massachusetts Democrat John Kerry and Connecticut Independent Joseph Lieberman, outlines goals for reducing the nation''s carbon emissions by targeting the biggest polluters and providing incentives for businesses and individuals to reduce gasoline and electricity consumption, the article stated. Supporters include local utility NV Energy.
"I think it''s a fair bill," NV Energy chief operating officer (CEO) Michael Yackira said. "We''re very supportive of having a (climate) bill and I believe this bill is beneficial because it gives us more clarity as to the timelines and expectations both near term and long term."
Reception to the bill from environmentalists and the renewable-energy industry was lukewarm. Several national groups said the bill was a good starting point, but wouldn''t create the kind of change needed to seriously affect global climate change or create a new clean-energy economy, the article noted.
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