Bayh Measure to Keep Energy Dollars ?in Indiana Advances in Senate
Washington—Bipartisan energy legislation cleared the Senate Energy and Natural Resources Committee today, by a vote of 15-8, and included a key provision written by Senator Evan Bayh to send money directly to Indiana to lower the cost of Hoosier electric bills.
Bayh, a member of the Senate Energy and Natural Resources Committee, last month voted to strike the committee’s Renewable Electricity Standard (RES), a mandate that electric utilities produce 15 percent of their power from renewable sources—such as wind, solar, biomass and geothermal energy—by 2021.
“It’s important we pursue renewable energy alternatives and the creation of green jobs as part of Indiana’s economic future,” Bayh said. “I have supported many efforts to promote this, including tax credits for companies that produce renewable energy and create green jobs. The costs of this approach are borne equally by every American taxpayer.
Indiana Governor Mitch Daniels lauded Bayh for his role in improving the energy bill, which now advances to the full Senate for consideration.
Utility companies unable to meet the renewable energy mandate may pay an “alternative compliance payment” to meet the requirements of the mandate. Under the original bill, utility companies were directed to send their penalty payments to the Department of Energy in Washington, D.C. Bayh’s amendment instead directs the money to an Indiana renewable energy fund managed by the governor to reduce electric bills and support green energy projects.
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