Quarter 2 Article 5
Settlement Reached in Regional Greenhouse Gas Initiative Lawsuit
Vicki Shiah , Sive Paget & Riesel, P.C., More from this Affiliate Published January 14, 2010 03:20 PM
This relates to what we are doing in class because it talks about regulations on greenhouse gas emissions.
A lawsuit challenged New York State's participation in, and its rules to implement, the Regional Greenhouse gas Initiative (RGGI) have reached a settlement. A company named Consolidated Edison was being suid for there excess emissions of greenhouse gases. RGGI is an agreement among ten Northeast and Mid-Atlantic states, including New York, to limit greenhouse gas emission through a cap-and-trade system. As summarized by the New York State Energy Research and Development Authority (NYSERDA), the agreement calls for states to cap power sector carbon emission through 2014 and then reduce emissions by 2.5 per year for the next four years, resulting in a 10 percent reduction by 2018.
Consolidated Edison- is one of the largest investor-owned energy companies in the United States, with approximately $14 billion in annual revenues and $33 billion in assets. The company provides a wide range of energy-related products and services to its customers through the following subsidiaries: Consolidated Edison Company of New York, Inc., a regulated utility providing electric, gas, and steam service in New York City and Westchester County New York; Orange and Rockland Utilities, Inc.
No comments:
Post a Comment