• The American Power Act: An Analysis of Key Provisions from the Kerry-Lieberman Energy and Climate Legislation
  • May 19, 2010 | Authors: Stuart E. Eizenstat; George T. Frampton; Ruben Kraiem; William L. Massey; Gerard J. Waldron
  • Law Firms: Covington & Burling LLP - Washington Office ; Covington & Burling LLP - New York Office ; Covington & Burling LLP - Washington Office
  • On May 12, 2010, Senators John Kerry (D-Mass.) and Joe Lieberman (I-Conn.) released their long-awaited climate and energy draft legislation titled the “American Power Act” (“APA”). Following in the footsteps of last year’s House passage of H.R. 2454, the American Clean Energy & Security Act of 2009 (“House Bill”), the APA sets a mandatory cap on economy-wide greenhouse gas (“GHG”) emissions combined with a mechanism for GHG emissions trading. The APA also proposes to transform the energy infrastructure and promote energy independence of the United States by creating substantial incentives for nuclear power, expanded offshore drilling (though with a state veto power), carbon capture and sequestration, and certain energy conservation and efficiency measures.