ML Strategies Weekly Energy and Environmental Update (7/11/10).
Mondaq Business Briefing › Nbr. 2010, January 2010
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Summary
Majority leader Harry Reid
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ML Strategies Weekly Energy and Environmental Update (7/11/10).
Energy and Climate Legislation
As Congress returns from the July 4th recess, the future of climate and energy legislation is still uncertain. Though Majority Leader Harry Reid (D-NV) is expected to have a bill on the floor perhaps as early as the week of July 19, the contents of that package are still unknown, and though there is some agreement as to which pieces to include in the march toward 60 votes, the quantity and quality of those pieces are still to be determined. Senators are likely to be presented with options of what could be included in the package this Tuesday or Wednesday, and a debate is expected either in mid-July or the first of August if Majority Leader Reid keeps the Senate in session that long. Though the Obama Administration has continued its call to put a price on carbon, it increasingly appears that if Senate leadership hopes to include any price at all, it will be on the utility sector alone, language for which is currently being drafted by Senators Jeff Bingaman (D-NM) and Olympia Snowe (R-ME). If Majority Leader Reid opts away from a climate bill, he is likely to cobble together energy pieces from a n...See the full content of this document
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