Printer Friendly

ELECTRIC RELIABILITY COALITION CONTINUES TO OPPOSE ENERGY BILLS

 ELECTRIC RELIABILITY COALITION CONTINUES TO OPPOSE ENERGY BILLS
 WASHINGTON, Feb. 20 /PRNewswire/ -- The chairman of the Electric Reliability Coalition (ERC) said today that ERC still opposes Title XV (changes to the Public Utility Holding Company Act) of S. 2166, the Senate energy bill, and a similar bill (H.R. 776) in the House, for a number of reasons.
 "The members of our coalition -- more than 40 regulated utilities -- continue to believe it is not in the public interest to exempt, as S. 2166 would do, independent electric power producers," Sherwood Smith, chairman of ERC, said today. "In our opinion this step toward deregulation in the electric utility industry is likely to lead to higher electric rates for consumers and reduced reliability.
 "Millions of consumers are now paying unnecessarily higher electric rates because of legislation (the Public Utility Regulatory Policies Act) passed in 1978," Smith continued. "So too, Title XV of S. 2166 may impose unnecessarily high rates to consumers in the future.
 "As the Congressional Research Service recently concluded, the present system of balanced state and federal regulations has worked and worked well to provide Americans with reliable power at reasonable prices."
 Smith, who also is chairman and president of Carolina Power & Light Company in Raleigh, N.C., said that although the bill had been touted as an economic stimulus package, it does nothing to address the principal causes of America's economic recession.
 "Only the deleted provisions to open Alaska's Arctic National Wildlife Refuge (ANWR) to oil drilling would have significantly affected employment, and that in a limited area," Smith pointed out. "On the other hand, according to a report by the Congressional Budget Office, this bill will cost the federal treasury about $9 billion over the next few years if it is enacted."
 Smith did say an amendment introduced by Sens. Terry Sanford (D- N.C.), Donald Riegle (D-Mich.), Christopher S. (Kit) Bond (R-Mo.), and Nancy Kassebaum (R-Kan.) will strengthen somewhat the authority of the states to consider the many consumer protection issues that will necessarily arise.
 The ERC is a coalition of more than 40 of the nation's largest regulated utilities that serve more than 75 million Americans.
 -0- 2/20/92
 /CONTACT: Patrick Pellerin of The Pellerin Group Public Relations, 202-337-5990, for Electric Reliability Coalition/ CO: Electric Reliability Coalition ST: District of Columbia IN: OIL SU: LEG


MK-MH -- DC010 -- 4072 02/20/92 11:10 EST
COPYRIGHT 1992 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1992 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Feb 20, 1992
Words:399
Previous Article:KOCH ANNOUNCES MAJOR EXPANSION OF CORPUS CHRISTI REFINERY
Next Article:THE COCA-COLA COMPANY INCREASES QUARTERLY DIVIDEND 17 PERCENT; BOARD OF DIRECTORS RECOMMENDS 2-FOR-1 SPLIT TO SHARE OWNERS
Topics:


Related Articles
CPUC RESTRUCTURING PROPOSAL SUPPORTED BY COALITION
NEW COALITION FOR CALIFORNIA UTILITY RESTRUCTURING FORMED
UNLIKELY ALLIANCE FORMED TO PROTECT PUBLIC INTEREST IN DEBATE OVER ELECTRIC UTILITY INDUSTRY RESTRUCTURING
Electric USA Applauds Congressman Norwood for 'Standing Tall' Against Electricity Rate Restructuring Proposal
Electric USA Applauds Congressmen Coburn, Largent for 'Standing Tall' Against Electricity Rate Restructuring Proposal
Electric USA Applauds Congressman Whitfield for 'Standing Tall' Against Electricity Rate Restructuring Proposal
Electric USA Applauds Congressman Bilirakis for 'Standing Tall' Against Electricity Rate Restructuring Proposal
Energy Department, Local Officials Explore Reliability of Electricity Under Deregulation.
Electric Utility Restructuring Threatens Local Authority.
Lights Out for Federal Electric Deregulation.

Terms of use | Copyright © 2017 Farlex, Inc. | Feedback | For webmasters