Update 12: Economic Action Alert: Blue Dogs roll over: Waxman-Markey Climate Carbon Cap Bill headed to House floor today: Call Your Critters…

Update 12 Rep Michelle Bachmann R-MN on Levin now, says Boehner stopped talking and Pelosi is headed to floor. Bachmann says that the bill contains provisions imposing the California building codes on the entire country, no quesitons asked…Good Gawd Almighty!

Update 11: Minority Leader John Boehner is trying to hold it back, he has unlimited speaking privileges and is reading the 300 pg amendment on the floor.FILIBUSTER!!!..MM is covering it

Mark Levin just read of some things in the bill and OMG!

You CANNOT SELL YOUR HOUSE until it passes an energy efficiency inspection!!

Great news for housing market eh? WHAT UTTER MAROONS!!!

Keep calling!!

Update 10: MM is live blogging the action on the floor:

4:22pm: Shadegg presses on access to bill at desk again. Chair says clerk is “integrating” pages of bill.

Rep. Bilbray: The biggest threat to environment is the smoke coming from the backroom deals surrounding this bill.

4:48pm: GOP Rep. Tom Price asks for moment of silence for all those who will lose their jobs under cap and trade. Heh. Request denied.

Rep. Pence: We can stop this bill. We can do better. And we must!

4:53pm: GOP Rep. Barton refers to suppressed EPA Carlin report. “The science is not there.”…

Update 9: Finance Ranking Member Spencer Bachus R-AL speaks against the subsidies to FOREIGN derivatives market that is created in this bill:

(more…)

June 24, 2009. Tags: , , , , , , , , , , , , , , , , , , , . Economy, Film, Finance, Music, Obama Administration, Politics, Popular Culture, Taxes, Unemployment Statistics, Wall St. 3 comments.

More on ‘Decoupling’ Utility Billing

The Amendment to remove this ‘decoupling’ from the Stimulus Bill passed the Energy Cmte but was ‘removed’ from consideration by the ROOLZ Cmte, (ugh ROOLZ CMTE, gives all of us a flashback to the horror of the May 31 RBC doesn’t it?) Anywho under Pelosi’s new ROOLZ, they have total control over what is offered so the Amendment never even got to the floor..result- Decoupling utility rates from usage IS in the bill as passed by the House…call your Senators!!

From The Citizens Action Coalition of Indiana:

Electric Utility Decoupling

Duke Energy has hijacked the stimulus bill by successfully lobbying for the inclusion of an amendment regarding the decoupling of electric rates. (See Wall Street Journal website: http://online.wsj.com/article/SB123266431226307785.html)This amendment presents a veiled attempt at another corporate bailout. The concept of decoupling results in taking most of the savings ratepayers receive from energy efficiency in the form of reduced utility bills and handing the vast majority of those savings over to utility companies.

What Duke’s Amendment Does:
Duke Energy’s amendment ties energy efficiency block grants to states to the governor of a state telling the federal government that he/she will seek favorable rate treatment for utilities in the form of decoupling. In other words, if the governor is not willing to sell ratepayers out, the state will not receive money to assist homeowners and businesses in reducing their energy bills and saving money.

Why Duke’s Amendment Must be Removed:
There is nothing more important to the middle class now than the concept of affordability. It is obviously clear that issues once considered the realm of low-income families are becoming middle class issues. People can’t afford their health care insurance or bills, their mortgages, retiring, the kids’ educations etc, — and Democrats decide to hand windfall profits to rich utility companies??

It makes no sense whatsoever to convert ratepayer savings into utility profits under the current circumstances. It makes absolutely no sense to tie energy efficiency block grants to states under the stimulus package to utility malfeasance.

Please Take Action Today!

Please call your Congressperson ((202) 224-3121) and Henry Waxman ((202) 225-3976), chair of the House Energy and Commerce Committee.

  • Urge them to use at least 50% of the transportation funding for public transit.
  • Urge them to remove the decoupling amendment so that residential and business ratepayers are not punished for saving energy.
  • Tell them that affordability of utility bills is paramount to people keeping their homes and maintaining slim profit margins for small businesses.
  • Tell them that decoupling is a slap in the face to people who have been suffering for years under financial duress.
  • Tell them that decoupling is not in keeping with the President’s message of positive change for the people but, instead, reinforces continued corporate high jacking of our economy and incomes on behalf of short term profit motive.

January 29, 2009. Tags: , , , , , , , . Economy, Obama Administration, Politics. Comments off.

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