The Senate approved the energy bill [2.47 MB] on July 29, 2005 and President Bush signed the bill on Aug. 8. Most of positive measures that were in the earlier Senate bill, such as a renewable portfolio standard, were ultimately taken out of the conference report that was passed.
The energy bill is bad policy because it (1) fails to decrease our dependence on foreign oil for its lack of mandatory improvements in automobile fuel efficiency ("CAFE" standards); (2) provides billions of dollars in unjustified subsidies to the fossil fuel and nuclear energy industries; and (3) repeals the Public Utility Holding Company Act (PUHCA), an essential consumer protection that ensures that electric utilities exist to serve the people, not the profit interests of large corporations.
Understanding this complex legislation is no easy task. To better comprehend this bill and its potential impacts, Public Citizen has created helpful fact sheets, analyses, and reports on key issues in the energy bill. To find out more about the legislation, please click on the hyperlinked items below.
109th Energy Conference Committee
Oil & Gas