1. About Waxman-Markey American Clean Energy and Security Act.

    The bill is a variant of a cap-and-trade plan:

    YearRequired Annual Percentage
    20126.0
    20136.0
    20149.5
    20159.5
    201613.0
    201713.0
    201816.5
    201916.5
    202020.0
    2021-203920.0

    Alternative compliance payments are 2.5 cents per KWh in violation of the standard, adjusted for inflation beginning in 2010.

    Hearings on the draft of the legislation took place the week of April 20.

    The bill's cap-and-trade program allocates 85% of allowances to industry for free, auctioning the remainder. 15% will be auctioned, the revenue from which shall be redistributed to low-income households. 30% of the allowances will be allocated directly to local distribution companies (LDCs) who are mandated to use them exclusively for the benefit of customers. 5% will go to merchant coal generators and others with long-term power purchase agreements.

  1. Waxman-Markey American Clean Energy and Security Act.

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    1. Mentioned In 21 Articles

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      Carbon Reduction Beyond Cap and Trade or the Carbon Tax ...ing November mid-term elections, the recent death of cap-and-trade has been quietly dismissed. The American Clean Energy and Security Act of 2009 (ACES), more commonly known as the Waxman-Markey Bill, was intended to set a price for carb... (Read Full Article)

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