Next week, the Senate Environment and Public Works Committee will hold three hearings on S. 1733, the Clean Energy Jobs and American Power Act,” also known as Kerry-Boxer after its co-sponsors Senators John Kerry (D-MA) and Barbara Boxer (D-CA). Kerry-Boxer is the Senate companion bill to H.R. 2454, the American Clean Energy and Security Act (ACESA), also known as Waxman-Markey after its co-sponsors Reps. Henry Waxman (D-CA) and Ed Markey (D-MA).

Part A of Title VII of Kerry-Boxer sets forth the emission reduction targets…

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Most media coverage of H.R. 2454, the American Clean Energy and Security Act  of 2009 (ACES), focuses on the bill’s cap-and-trade program and the free rationing coupons (emission allowances) that the bill’s co-sponsors, Reps. Henry Waxman (D-CA) and Ed Markey (D-MA), had to hand out to utilities and other interests to secure their support for the legislation.

But the cap-and-trade program occupies only one of four of the bill’s main sections (”titles”).  Other titles contain a host of mandates and “incentives” (carrots and sticks) to…

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