Bill Text: DE HB86 | 2011-2012 | 146th General Assembly | Draft
Bill Title: An Act To Amend Title 7 Of The Delaware Code Relating To Terminating The Regional Greenhouse Gas Initiative And Co2 Emission Trading Program.
Spectrum: Strong Partisan Bill (Republican 19-2)
Status: (Introduced - Dead) 2011-04-06 - Introduced and Assigned to Energy Committee in House [HB86 Detail]
Download: Delaware-2011-HB86-Draft.html
SPONSOR: |
Rep. Peterman & Rep. Hudson & Sen. Bunting; |
|
Reps. Lavelle, Hocker, Blakey, Briggs King, Kenton, Lee, Manolakos, Miro, Outten, Ramone, D. Short, Willis, Wilson; Sens. Bonini, Booth, Lawson, Venables |
HOUSE OF REPRESENTATIVES 146th GENERAL ASSEMBLY |
HOUSE BILL NO. 86 |
AN ACT TO AMEND TITLE 7 OF THE DELAWARE CODE RELATING TO TERMINATING THE REGIONAL GREENHOUSE GAS INITIATIVE AND CO2 EMISSION TRADING PROGRAM. |
WHEREAS, Delaware's participation in the Regional Greenhouse Gas Initiative (RGGI) has a goal of reducing carbon dioxide (CO2) production; and
WHEREAS, the goal of RGGI is to reduce CO2 emissions by 10% by 2019 from Delaware electrical power plants over 25 megawatts in size; and
WHEREAS, Delaware has already far exceeded the goal of 10% reduction by 2019; and
WHEREAS, changes already in effect have reduced emissions 41%; and
WHEREAS, Delaware's high cost of electricity is costing approximately $500 per home per year in higher energy costs; and
WHEREAS, employers leave the State or decide not to locate in Delaware due to its 50% higher electricity costs; and
WHEREAS, New Hampshire, New Jersey, and Maine are considering terminating; and
WHEREAS, the decade-long effort in Delaware is replaced by increased emissions in China every 68 seconds; and
WHEREAS, program revenues are collected and mostly spent by non-transparent, non-governmental organizations and the loss of this revenue will not significantly impact the State budget; and
WHEREAS, the impact of the energy efficiency improvements of the program are less than 1% of the unsubsidized annual energy efficiency improvements in the general economy attributable to normal market forces.
NOW THEREFORE:
BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF DELAWARE:
Section 1.Amend Chapter 60, Title 7, Delaware Code by striking Subchapter II-A in its entirety.
SYNOPSIS
This bill terminates Delaware's participation in the Regional Greenhouse Gas Initiative and will save money for every electricity user in Delaware. |