The EEI described the adoption of the framework as the industry’s commitment to swift enactment of federal legislation capping greenhouse gas emissions.
The EEI framework “for the first time also recommends to Congress a unified industry position for allocating emissions allowances distributed to the utility sector under potential cap-and-trade legislation,” the institute said.
The EEI board recommended that the initial emission allowance allocation to the electric power sector should be 40%, equal to its portion of US carbon emissions.
“We
