Energy Bill raises fears about environmental pollution, fraud
The bill regulates the largest may be the repeal of the Public Utility Holding Company Act of 1935, which has blocked the supply of the owners of enterprises by other companies to own and has prevented mergers in the sector l ‘electricity. Utility officials and other supporters of the repeal say it is to attract capital, helping companies to build transmission lines and production of plants, which prevents outages.
Proponents warn consumers, that deleting a plethora of mergers and acquisitions of banks, oil companies and even from abroad, leading to higher prices and frauds of Enron-style . Proponents point out that the electricity sector is still governed by a number of state and federal authorities. But both sides have agreed on the definition obscure the transformation of the industry, thrusting as $ 1 billion in the programme of active services in the global marketplace.
“This is one of the biggest economic changes in the country in 70 years,” said Lynn Hargis of the liberal consumer association Public Citizen.
The bill the biggest winner was probably the nuclear industry, which receives billions of dollars in subsidies and tax breaks for almost every facet of operations. There were grants for research into new designs of reactors, fusion energy “small particle accelerators and reprocessing of nuclear waste, the overthrow of the current U.S. policy. Rep. Ralph Hall (R-Tex.) sending the same $ 250000 for research with the influence of refined oil.
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