Constellation Supports House Climate Change Bill

BALTIMORE (AP) — Constellation Energy says it supports the climate change bill introduced Friday by the House Energy Committee.

Constellation Energy Group Inc. Chairman, President and Chief Executive Mayo Shattuck said in a statement Sunday that the bill outlines needed steps to cut greenhouse gas emissions, improve energy security, and usher in new low-emission power generation.

Shattuck noted that renewable, nuclear and efficiency technologies that can cut emissions already exist. A national policy is needed that will allow for rapid, large-scale deployment of these technologies, he said.

The bill would cap emissions and distribute permits for those emissions. However, it would not auction off only 15 percent of the permits, with the rest distributed to a variety of industries, including power producers.