At what price Power?
Current legislative climate proposals mean power sector costs will perhaps rise significantly, technology could possibly be rendered obsolete (or at least excessively expensive), and essentially what the companies call Business As Usual would change forever.
So, naturally, power providers are supporting the idea. Or at least NRG Energy is, a company deep into Natural Gas, Nuclear, and Coal electricity generation.
I talked with Steve Corneli, NRG's Senior VP of Market and Climate Policy, about the Kerry-Graham-Lieberman climate bill. The proposal would, at its essence, put a price on carbon. And the first to pay that price, beginning in 2012, would be utilities and power sector players.
Fair? Well, according to Steve the idea of hitting up the power sector first "makes sense." Here's his take on the bill, from our interview at CleanSkies.com.
Bottom line here? The KGL bill is still very much in flux, but what the power sector thinks/says/does about the proposal will influence Senators Kerry, Graham, and Lieberman going forward.
And "forward" could mean Friday, the final day before Spring Break here on Capitol Hill.
Party on, Lindsey.
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