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HOUSE AND SENATE APPROVE H.R. 776; NATIONAL ENERGY POLICY ACT SENT TO THE WHITE HOUSE

 HOUSE AND SENATE APPROVE H.R. 776;
 NATIONAL ENERGY POLICY ACT SENT TO THE WHITE HOUSE
 WASHINGTON, Oct. 8 /PRNewswire/ -- The Electric Generation Association issued the following:
 Following approval by the U.S. House of Representatives late Tuesday, the U.S. Senate overwhelmingly approved H.R. 776, the National Energy Policy Act. The bill, passed at the absolute final hour of the 102nd Congress, is considered by far the most comprehensive and environmentally sound energy policy ever crafted for the nation.
 "At last!" said Carlos Riva, president of the Electric Generation Association (EGA), the national trade association representing competitive wholesale power producers. Riva, who is president of J. Makowski Associates, a Boston-based developer of gas and electric projects, explained that "over the next decade, as a direct result of even more vigorous competition, we can all look forward to the benefits of this legislation in lower electricity costs. The competitive wholesale power industry is ready to get to work and help make that a reality."
 "I feel like Columbus when he finally sighted land," said Peggy Welsh, executive director of the EGA, and longtime advocate for this legislation. She added, "I always knew we'd make it, but I'd never describe the trip as smooth sailing." Welsh went on to say that "the National Energy Policy Act is an outstanding legacy for the 102nd Congress. The EGA applauds everyone in the House and Senate who helped make this happen."
 -0- 10/8/92
 /CONTACT: Todd Shears of the Electric Generation Association, 202-965-1134/ CO: Electric Generation Association ST: District of Columbia IN: OIL SU: LEG


TW -- DC019 -- 7850 10/08/92 12:19 EDT
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Date:Oct 8, 1992
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