global energy inst c o c
identical to byers partnership BS testimony ~ CPP
Partnership for a Better Energy Future, testimony to House Appropriations Committee, March 18, 2015
https://www.globalenergyinstitute.org/partnership-better-energy-future-testimony-house-appropriations-committee-march-18-2015
In short, the CPP is fundamentally incompatible with numerous practical and technical aspects of America’s electricity system, and would represent a vast expansion of the agency’s regulatory reach into the authority held by states and other federal regulatory agencies.The Partnership urges the Subcommittee to ensure EPA addresses the following concerns and develops a path forward that supports American jobs and the economy, maintains electric reliability, and allows all energy sources to play a role in our energy future.
States, which are ultimately tasked with implementing EPA’s proposal, have filed detailed comments that reveal widespread concerns about the design, content, and legality of the approach the Agency has proposed. A summary of official state comments developed by the U.S. Chamber of Commerce found a majority of states have raised numerous fundamental concerns with the rule. For example, 32 states questioned the legality of the rule, 32 states raised reliability concerns, 34 object to EPA’s rushed regulatory timelines, 33 object to the rule’s lack of credit for actions taken prior to 2012, and 40 states questioned the achievability of at least one of the “building blocks” upon which the rule is based. The extent and magnitude of these concerns illustrate that EPA must make major changes to its rule before finalization. If the fundamental flaws with the rule identified by states are left unaddressed, the end result will be a significantly more expensive, less reliable electricity system that will have negative repercussions across the entire U.S. economy.
If the Administration adopts policies that substantially increase the cost of energy – thereby decreasing the competitiveness of U.S. industries – investments and emissions will be sent to other, less efficient countries with higher CO2 emissions intensities.
The Partnership appreciates the opportunity to testify on this critically important matter. In light of the concerns summarized above, thePartnership strongly urges the Subcommittee to take any and all budget and policy actions necessary to reduce the threats EPA’s rule poses to the U.S. electricity system as well as the broader economy. Thank you.
Click here to read the full testimony.
May 9, 2014 The Partnership for a Better Energy Future Submits Comments to EPA in Response to Its Proposed Greenhouse Gas Rule for New Power Plants
Posted at 11:04h in Letters and Comments by StaffIPAA
IPAA is a member of the Partnership for a Better Energy Future. All 140 members of PBEF signed on to the following comments submitted to the EPA regarding its proposed GHG rule for new power plants.
1201 15th Street NW, Suite 300, Washington, DC 20005
vid launch karen harbert ANGA ~ EPA regs Jan 30, 2014 ~ gina Mcc; 78 groups 26 states NAM COC, economy stagger recession, ACCCE, mining, cement, API afpm rural elec, RR,
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...During the hearing, Woods and other executives acknowledged climate change poses risks, but they denied involvement in a campaign to deceive the public.
Exxon spokesman Casey Norton wrote by email Tuesday that the company has already provided almost 130,000 pages of documents and has been “cooperating with the committee since their first contact months ago.”
Matt Letourneau, managing director of communications at the U.S. Chamber of Commerce’s Global Energy Institute, said “we have made every effort to cooperate with the committee and will review this request.”
In statements Tuesday, representatives from Chevron BP, Shell and the API also said they will continue to work with the committee.
- Managing Director of Communications and Media, U.S. Chamber Global Energy Institute
Matt Letourneau is managing director of communications at the U.S. Chamber of Commerce’s Global Energy Institute (GEI). He coordinates external communications and strategy and serves as a spokesman to media on energy and environmental issues for the Chamber.
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Letourneau has led numerous successful multiplatform communications campaigns on a wide variety of issues, from energy infrastructure to climate to innovation. He frequently works with state and local chambers and other stakeholders to coordinate messaging, advertising, and other advocacy tools in support of GEI’s policy goals.
Previously, Letourneau served as Republican communications director for the U.S. Senate Committee on Energy and Natural Resources.There he helped lead communications on energy issues for Senate Republicans and managed communications on key legislation. Before joining the committee, Letourneau was deputy press secretary for the lateSen. Pete Domenici (R-NM) and an aide to former Sen. Jon Kyl (R-AZ).
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In addition to his work at the Chamber, Letourneau represents the Dulles District on the Loudoun County Board of Supervisors, the governing body of Virginia’s fourth largest jurisdiction. He was first elected in 2011 and reelected in 2015 and 2019. He is chairman of the board’s Finance, Government Operations and Economic Development Committee, which oversees the county’s $3.3 billion budget, operational issues, and business recruitment and retention.
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Letourneau also serves as a principal director representing Virginia on the Washington Metropolitan Area Transit Authority (Metro) Board of Directors and is chairman of the board’s Safety and Operations Committee. He is a member of the Executive Committee of the Northern Virginia Transportation Commission and was chairman of the commission in 2019. He is also a member of the National Capital Region Transportation Planning Board, the federally designated metropolitan planning organization for metropolitan Washington. In 2018, he served as chairman of the Metropolitan Washington Council of Governments Board of Directors.
U.S. Chamber of Commerce wants us to be excited about how much the Trump tax cut will save the typical American on a utility bill. Get out your coffee cup because that’s about how much it’s going to save you, the price of a cup of coffee.
In addition, the chamber thinks this might be the biggest way that typical citizens will get direct help from the tax cut. So just that cup of coffee? That’s it? Suddenly that cup looks even smaller.
How do taxes affect utilities? Because any utility that is regulated and has seen expenses go down, because they’re paying less in taxes. That savings should be passed on to the consumer.
How does that come out to a cup of coffee? My state of Arizona serves as an average example. Take the total projected tax savings for regulated utilities in the state, which the chamber puts at $765 million over five years, divide by years, and by population, times typical members per household, comes to a little over $4 per household per month. That number is confirmed in the Policy Analysis which they released listing the details. It finds a household might save as much as just over $7 per month, or, depending on the state, down to less than a buck and a half. For a typical two-earner household, $4 might buy each bread-winner one cup of coffee.
The chamber sent out the policy analysis to share this exciting news. I spoke with Christopher Guith, senior vice president of the Chamber’s Global Energy Institute,to verify the details. One of the first things Guith pointed out: “In many cases, the average American will benefit as much, if not more, from the utility rate reduction than they will from the tax cuts themselves, at least directly.”
How does he conclude that? Because the tax cuts were largely to business taxes and other taxes such as the inheritance tax, not cuts that would benefit typical individuals. Some of the cuts were to income tax, but many wage earners pay little income tax or, for low-earners, no income tax.
It’s also worth noting that the cuts to income tax were heavily weighted to the top, so if you’re the typical lower-half wage earner you won’t see much. And, of course, those cuts are scheduled to end in a few years anyway, while the business cuts are permanent.
I hate to engage in “gotcha” journalism but the chamber having put out this paper, it needed some analysis, and what else can be said but that they want us to be excited about these few dollars a month? I spoke to Guith in part to see what the response was to my asking for confirmation about such a small amount and he confirmed those numbers are correct.
To be fair, a good part of what the paper is about and what Guith wanted to convey is that this money then expands somewhat. The $765 million savings in Arizona, for instance, over five years could go to investment and possibly create jobs and end up being a somewhat bigger benefit to the state. He estimates it would expand another 25% to over $1 billion in impact and could create 2,411 jobs.
Guith seems to be an entirely sincere and knowledgeable person. He’s absolutely right that the savings will be a boost to the economy and it could create some jobs. He noted that this parallels what he understood to be the main focus of the tax cuts, particularly the lower business tax and the tax breaks given to companies bringing overseas cash back to the United States. That focus was to boost capital, to increase funds available for investment, to grow the economy.
There is some truth in all of that, but a whole lot of off-target policy, waste and disregard for typical Americans while benefiting the top.
For instance, did America need help coming up with capital for expansion? When corporate profits were continuing to reach new highs? When corporate cash-on-hand was also setting records? When stock buybacks (basically when a company has so much cash it doesn’t know what to do with it other than to give a bunch of it to investors) had grown to unusually high levels?
And all of that corporate cash “parked” overseas? Can you imagine that these big corporations would actually let huge amounts of wealth just sit idle? It is not sitting idle. It can be used for corporate expansion overseas and it can be invested in anything other than the company here without being repatriated and taxed. In fact, almost all of it already was invested here in Treasury bills and similar investments. If these companies were starving for capital it might be a consideration. As it is, not hardly.
And what has happened to a great deal of the money saved from tax cuts and the money repatriated? Has it gone to making jobs? Some, but mostly just to keep up with the continuing recovery. A lot of it has gone to those stock buybacks and generally just fattening up the top.
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Marty Durbin
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Martin (Marty) Durbin is president of the U.S. Chamber of Commerce’s Global Energy Institute (GEI). Durbin leads GEI’s efforts to build support for meaningful energy action through policy development, education, and advocacy, making it a go-to voice for commonsense energy solutions.
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Martin (Marty) Durbin is president of the U.S. Chamber of Commerce's Global Energy Institute (GEI). Durbin leads GEI's efforts to build support for meaningful energy action through policy development, education, and advocacy, making it a go-to voice for commonsense energy solutions.
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