by Neal St. Anthony, Star-Tribune
Dick Kelly, CEO of Xcel Energy Inc., is irked that Congress hasn't raised his taxes.
"We need a price on carbon," said Kelly, who runs a multistate utility in the vanguard of next-generation efficiency and cleaner-energy programs.
Kelly, Duke Power CEO Jim Rogers and other utility executives have been expecting Congress to pass cap-and-trade legislation, which would effectively place a tax on carbon emissions. Both Xcel and Duke have moved expeditiously in recent years to modernize old coal-fired plants, switch to wind and natural gas, and implement conservation programs in a bid to cut their carbon dioxide emissions by up to 25 percent by 2025 and meet state mandates to reduce pollutants that climate scientists say lead to global warming.
"The industry could have worked with the 'Kerry-Lieberman' bill in the Senate, but the Republicans backed away and started calling it 'cap-and-tax,'" Kelly said.
(More here.)
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