The matter of carbon allowances for the power industry appears to be a tough problem. The Edison Electric Institute's split-the-baby solution, which congressman mostly accepted in the Waxman-Markey cllimate change bill, has come under enormous challenge from coal-intensive utilities and their US senators.
EEI's compromise solution, giving coal-heavy companies not enough to cover all their emissions while giving non-emitting utilities a goodly share, is unfair, the coal utilities say. And with 14 senators vowing to support their position, the EEI allocation formula looks to be on the skids.
But Exelon's John Rowe doesn't think so.
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