Senate Panel Backs Renewable Power Rules, Drilling - Bloomberg

By Tina Seeley and Daniel Whitten June 17 (Bloomberg) -- A Senate energy panel approvedlegislation that would require utilities to get as much as 15percent of their power from renewable sources and open more ofthe eastern Gulf of Mexico to oil and gas drilling.

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The Senate Energy and Natural Resources Committee voted 15-8 today for the measure, which would also expand oversight ofoil, natural gas and power markets. “None of us, given the chance to be a single author, wouldhave written the bill that we have written in this committee,”said Democratic Senator Jeff Bingaman of New Mexico, thecommittee’s chairman. “It’s one which will help not only toenable us to produce new sources of energy but to use our energysources more wisely.” The Senate energy plan doesn’t include requirements toreduce greenhouse gas emissions because a different committeehas jurisdiction over that issue. The House Energy and CommerceCommittee approved legislation last month that would require a17 percent reduction in emissions by 2020, in addition toimposing a renewable power requirement.

Full Story: Senate Panel Backs Renewable Power Rules, Drilling - Bloomberg