Interesting nuggets in the Energy Bull (er, Bill)......

Since my congressmen may be too busy to read the bill in its' entirety, I took the opportunity to scan it myself - and found some interesting little tidbits in it. Nothing like trying to reshape the U.S. and punishing the middle class, dems.........

This is what happens when your electric supplier cannot find enough renewable sources of energy to sell you – they can make Alternative Compliance Payments: in lieu of each Federal renewable electricity credit or megawatt hour of demonstrated total annual electricity savings that would otherwise be due, a payment equal to $25, adjusted for inflation on January 1 of each year following calendar year 2009, in accordance with such regulations as the commission may promulgate.

But don’t worry, the funds that are collected go to the state where the supplier is located, unless of course, your state is not in compliance with their rules, then any future alternative compliance payments that would otherwise be paid to such State under this subsection shall instead be paid to the Commission and deposited in the United States Treasury.

Are most energy providers ready for this? Well, if your supplier is fossil fuel-based, here are the assessments that will be made per kilowatt hour:
Fuel type Rate of assessment per kilowatt hour
Coal $0.00043
Natural Gas $0.00022
Oil $0.00032.

Now I didn’t study lawyerese, but this sounds notoriously like a tax, to me: The Corporation is authorized to adjust the assessments on fossil fuel-based electricity to reflect changes in the expected quantities of such electricity from different fuel types, such that the assessments generate not less than $1.0 billion and not more than $1.1 billion annually. The Corporation is authorized to supplement assessments through additional financial commitments.

Here comes the next auto bailout:
SEC. 123. PLUG-IN ELECTRIC DRIVE VEHICLE MANUFACTURING.
(a) Vehicle Manufacturing Assistance Program- The Secretary of Energy shall establish a program to provide financial assistance to automobile manufacturers to facilitate the manufacture of plug-in electric drive vehicles, as defined in section 131(a)(5) of the Energy Independence and Security Act of 2007, that are developed and produced in the United States.
(b) Financial Assistance- The Secretary of Energy may provide financial assistance to an automobile manufacturer under the program established pursuant to subsection (a) for--
(1) the reconstruction or retooling of facilities for the manufacture of plug-in electric drive vehicles that are developed and produced in the United States; and
(2) if appropriate, the purchase of domestically produced vehicle batteries to be used in the manufacture of vehicles manufactured….

In case you wanted to know where the new cars would be made: (e) Criteria- In selecting recipients of financial assistance from among applicant automobile manufacturers, the Secretary shall give preference to proposals that--
(1) are most likely to be successful; and
(2) are located in local markets that have the greatest need for the facility.

Just to make sure that no one is hurt by the new ‘green’ job shift, we have CLIMATE CHANGE WORKER ADJUSTMENT ASSISTANCE which would give workers displaced by the new technologies WEEKLY AMOUNTS- The climate change adjustment allowance payable to an adversely affected worker for a week of unemployment shall be an amount equal to 70 percent of the average weekly wage of such worker, but in no case shall such amount exceed the average weekly wage for all workers in the State where the adversely affected worker resides.
(6) MAXIMUM DURATION OF BENEFITS- An eligible worker may receive a climate change adjustment allowance under this subsection for a period of not longer than 156 weeks.
Three Years???????

If there’s any money at all left over it can go toward Subtitle D--Exporting Clean Technology where we are committed to `enhanced action on the provision of financial resources and investment to support action on mitigation and adaptation and technology cooperation,' including, inter alia, consideration of `improved access to adequate, predictable, and sustainable financial resources and financial and technical support, and the provision of new and additional resources, including official and concessional funding.

So who would be in charge of this? Guess what they promised Hilary:
SEC. 443. GOVERNANCE.
(a) Oversight- The Secretary of State, or such other Federal agency head as the President may designate, in consultation with the interagency group established under subsection (b), shall oversee distributions of allowances from the International Clean Technology Account.
(b) Interagency Group- The President shall establish an interagency group to administer the International Clean Technology Account. The Members of the interagency group shall include--
(1) the Secretary of State;
(2) the Administrator of the Environmental Protection Agency;
(3) the Secretary of Energy;
(4) the Secretary of the Treasury;
(5) the Administrator of the United States Agency for International Development; and
(6) any other head of a Federal agency or executive branch appointee that the President may designate.
(c) Chairperson- The Secretary of State shall serve as the chairperson of the interagency group.

The scariest part of this is knowing that most of them read it......and agree with it. Say so-long, American lifestyle.