Energy Bill Slated for Vote
Tuesday July 26, 2005
The joint Senate-House energy bill conference committee has approved an estimated $11.5 billion energy bill (Energy Policy Act of 2005,
HR 6) which includes $1.5 billion in subsidies for oil and gas companies. A vote is expected this week. The bill also contains $3.1 billion in incentives for alternative energy and $1.3 billion for conservation.
One of the conservation measures extends daylight savings time; in 2007, DST would begin the second Sunday in March and end the first Sunday in November.
The bill does not address drilling for oil in the Alaska National Wildlife Refuge; global warming; and automotive mileage standards. It repeals the Depression-era Public Utility Holding Company Act, which limits mergers between utilities. It no longer offers immunity to producers of MTBE -- a gasoline additive that has reportedly contaminated groundwater.
Related Bills: S 10; Senate Report 109-078 - ENERGY POLICY ACT OF 2005.
Roll Call Votes:
See Statement, Senate Energy and Natural Resources Chairman Pete V. Domenici (R-NM) ; Statement, House Energy and Commerce Committee Chairman Joe Barton (R-TX) ; Financial Times (subscribe/trial) , NY Times, Reuters
The bill does not address drilling for oil in the Alaska National Wildlife Refuge; global warming; and automotive mileage standards. It repeals the Depression-era Public Utility Holding Company Act, which limits mergers between utilities. It no longer offers immunity to producers of MTBE -- a gasoline additive that has reportedly contaminated groundwater.
Related Bills: S 10; Senate Report 109-078 - ENERGY POLICY ACT OF 2005.
Roll Call Votes:
- House - On Passage, 21 April 2005
- House - On Motion to Instruct Conferees, 14 July 2005
See Statement, Senate Energy and Natural Resources Chairman Pete V. Domenici (R-NM) ; Statement, House Energy and Commerce Committee Chairman Joe Barton (R-TX) ; Financial Times (subscribe/trial) , NY Times, Reuters
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