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H.R.2454 - American Clean Energy and Security Act of 2009

On June 26, the US House of Representatives passed the American Clean Energy and Security Act of 2009, commonly referred to as the Waxman-Markey Clean Energy Bill, by a vote of 219 to 212. The bill now is in the Senate for final passage, where Republican Senators are attacking the bill as a form of taxation that will pass intolerable costs to American taxpayers. This ACES energy bill includes a cap-and-trade global warming reduction plan designed to reduce economy-wide greenhouse gas emissions. It amends the Public Utility Regulatory Policies Act of 1978 (PURPA) to establish a combined efficiency and renewable electricity standard that requires utilities to supply an increasing percentage of their demand from a combination of energy efficiency savings and renewable energy (6% in 2012, 9.5% in 2014, 13% in 2016, 16.5% in 2018, and 20% in 2021-2039).  Other provisions include new renewable requirements for utilities, studies and incentives regarding new carbon capture and sequestration technologies, energy efficiency incentives for homes and buildings, and grants for green jobs, among other things.