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Article: Exelon CEO Supports Climate Legislation in Testimony Before Key U.S. Senate Committee.
- Article from:
- Biotech Week
- Article date:
- November 11, 2009
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Exelon Chairman and CEO John W. Rowe, in testimony today before the U.S. Senate Environment and Public Works Committee, called for passage of a comprehensive climate and energy bill to address the greenhouse gas issue and put our nation on the path to a low-carbon future (see also Exelon Corporation).
In his testimony, Rowe called for an economy-wide bill with realistic targets and timetables, an effective cost-containment mechanism, and a method for awarding allowances to electricity delivery companies to prevent dramatic consumer rate increases.
"We thank Senators Boxer and Kerry and this committee for moving forward with a serious response to climate ...