Nuclear receives key senate support
Bingaman made his position known Mon., following Pres. Obama's call in the state of the union for 80 of the nation's electricity to come from clean sources by 2035. In the past, Bingaman has been skeptical of a broader mandate that includes nuclear power.
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Reconciliation and a Clean Electricity Standard
WASHINGTON - The Biden Administration and Democratic members of Congress have supported including a clean electricity standard (CES) in the upcoming reconciliation bill. A CES is an alternative to pricing carbon dioxide through a tax or cap-and-trade program and focuses on reducing greenhouse gas emissions produced during electricity generation by establishing targets. In principle, it is a technology-agnostic approach. In practice, however, it pushes particular technologies out of the market.
The details of the CES are still being developed, but recent legislation may provide insight into how the CES could operate. In May, Senator Tina Smith and Representative Ben Ray Luján…
