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DE HB86
Bill
Status
4/6/2011
Primary Sponsor
Gregory Lavelle
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AI Summary
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Terminates Delaware's participation in the Regional Greenhouse Gas Initiative (RGGI) by striking Subchapter II-A from Chapter 60, Title 7 of the Delaware Code.
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States Delaware has exceeded RGGI's original goal of 10% CO2 emission reduction by 2019, achieving a 41% reduction instead.
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Claims termination will reduce electricity costs, estimated at approximately $500 per home per year, and make the state more competitive for employers.
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Notes RGGI program revenues are collected and spent by non-transparent, non-governmental organizations with minimal impact on state budget if eliminated.
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Argues the program's energy efficiency improvements represent less than 1% of annual efficiency gains from normal market forces.
Legislative Description
An Act To Amend Title 7 Of The Delaware Code Relating To Terminating The Regional Greenhouse Gas Initiative And Co2 Emission Trading Program.
Last Action
Introduced and Assigned to Energy Committee in House
4/6/2011