Message-ID: <5377393.1075843954017.JavaMail.evans@thyme> Date: Thu, 17 May 2001 04:24:00 -0700 (PDT) From: lisa.yoho@enron.com To: jeffrey.shankman@enron.com, mike.mcconnell@enron.com Subject: Other Aspects of Cheney Energy Report Recommendations of Interest to Enron -- Coal and Enviro Related Mime-Version: 1.0 Content-Type: text/plain; charset=us-ascii Content-Transfer-Encoding: 7bit X-From: Lisa Yoho X-To: Jeffrey A Shankman, Mike McConnell X-cc: X-bcc: X-Folder: \Mark_McConnell_June2001\Notes Folders\Notes inbox X-Origin: MCCONNELL-M X-FileName: mmcconn.nsf Mike/Jeff: FYI, the section of the President's Energy Report on coal. I have sent this to our coal group as well. Best regards, Lisa ----- Forwarded by Lisa Yoho/NA/Enron on 05/17/2001 11:22 AM ----- John Shelk 05/17/2001 09:29 AM To: Steven J Kean/NA/Enron@Enron, Richard Shapiro/NA/Enron@Enron, James D Steffes/NA/Enron@Enron, Lisa Yoho/NA/Enron@Enron, Jeffrey Keeler/Corp/Enron@ENRON, Lisa Jacobson/ENRON@enronXgate, Chris Long/Corp/Enron@ENRON, Kevin McGowan/Enron@EnronXGate, Linda Robertson/NA/Enron@ENRON, Tom Briggs/NA/Enron@Enron, Stacey Bolton/NA/Enron@Enron, George McClellan/Enron@EnronXGate cc: Subject: Other Aspects of Cheney Energy Report Recommendations of Interest to Enron -- Coal and Enviro Related Below is the text of recommendations taken from the summary of recommendations in the Cheney Energy Report being released later this morning that focus on coal and coal-related issues, including environmental. "The NEPD Group (National Energy Policy Development) recommends that the President direct the Administrator of the Environmental Protection Agency (EPA) to propose multi-pollutant legislation. The NEPD Group recommends that the President direct the EPA Administrator to work with Congress to propose legislation that would establish a flexible, market-based program to significantly reduce and cap emissions fo sulfur dioxide, nitrogen oxides, and mercury from electric power generators. Such a program (with appropriate measures to address local concerns) would provide significant public health benefits even as we increase electricity supplies. Establish mandatory reduction targets to emissions of three main pollutants: sulfur dioxide, nitrogen oxides, and mercury. Phase in reductions over a reasonable period of time, similar to the successful acid rain reduction program established by the 1990 amendments to the Clean Air Act. Provide regulatory certainty to allow utilities to make modifications to their plants without fear of new litigation. Provide market-based incentives, such as emissions trading credits to help achieve the required reductions." "The NEPD Group recognizes the importance of looking to technology to help us meet the goals of increasing electricity generation while protecting our environment. To that end, the NEPD Group recommends that the President direct the Department of Energy to continue to develop advanced clean coal technology by: Investing $2 billion over 10 years to fund research in clean coal technologies. Supporting a permanent extension of the existing research and development tax credit. Directing federal agencies to explore regulatory approaches that will encourage advancements in environmental technology. "The NEPD Group recomemnds that the President direct federal agencies to provide greater regulatory certainty relating to coal electricity generation through clear policies that are easily applied to business decisions." "The NEPD Group recommends that the President direct the Administrator of the Environmental Protection Agency, in consultation with the Secretary of Energy and other relevant agencies, to review New Source Review regulations, including administrative interpretations and implementation, and report to the President within 90 days on the impact of the regulations on investment in new utility and refinery generation capacity, energy efficiency, and environmental protection." "The NEPD Group recommends that the President direct the Attorney General to review existing enforcement actions regarding New Source Review to ensure that the enforcement actions are consistent with the Clean Air Act and its regulations." "The NEPD Group recommends that the President direct federal agencies to support continued research into global climate change; continue efforts to identify environmentally and cost-effective ways to use market mechanisms and incentives; continue development of new technologies; and cooperate with allies, including through international processes, to develop technologies, market-based incentives, and other innovative approaches to address the issue of global climate change.