Both Iowa's U.S. senators say the climate bill passed recently by the U.S. House of Representatives face an uphill battle in the Senate. Tom Harkin (D., Iowa) and Charles Grassley (R., Iowa) oppose parts of controversial climate legislation saying the bill penalizes Midwestern utilities and would force rate hikes for their customers, according to the Des Moines Register.
MidAmerican Energy Co., Iowa’s largest electricity provider, has said the bill would require it to raise rates for customers in order to comply with carbon emission requirements.
The bill would require utilities to obtain government allowances for carbon emissions. Allowances would gradually be reduced to encourage power companies to reduce greenhouse gas emissions.
Source: Des Moines Register