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CONGRESS TO CONSIDER ENERGY LEGISLATION

Tuesday, December 4, 2007 - 8:00AM

Reports today indicate that congressional negotiators will soon release details of an energy bill. Currently being referred to as the Energy Independence and Security Act, the legislation includes a $21 billion tax package that includes multiyear extensions of solar and wind energy tax credits. A summary of the legislation being circulated includes the a requirement for a 40 percent increase in automobile fuel efficiency, an increase in the use of ethanol as a motor fuel, and tax credits for conservation and energy efficiency. The legislation would also require all nonpublic utilities to use solar, wind or other renewable energy to produce 15 percent of their electricity. The House is expected to vote this week on the measure.

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