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Consumer group touts financial benefits of energy efficiency

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A new report by the Consumer Federation of America touts the consumer benefits of climate and energy legislation, predicting household savings if “strong energy efficiency policies” are adopted.

Such efficiency-heavy legislation could save Hoosier families $424 a year, said Washington, D.C.-based CFA in “Building on the Success of Energy Efficiency Programs to Ensure an Affordable Energy Future.”

But opponents of energy/climate change legislation—which has predominantly been in the form of so-called cap-and-trade legislation—aren’t convinced.

Jim Rogers, CEO of Charlotte, N.C.-based Duke Energy, the largest electric supplier in Indiana, warned previously that electric bills could soar 40 percent in some areas under cap-and-trade scenarios being batted about last year.

Indiana would take a disproportionate beating because nearly 95 percent of electricity in the state is generated by coal. Utilities serving the state would be forced to buy allowances to emit CO2 and/or to invest in alternative generation such as wind or even nuclear power.

CFA says an energy policy more focused on energy efficiency could reduce overall energy use up to 30 percent, as well as create jobs.

“Cap-and-trade has monopolized the headlines. But given its stellar record of success, it’s time for senators to view energy efficiency as a cornerstone of the nation’s climate and energy policy,” said Mark Cooper, research director for CFA.

“Consumers are letting hundreds of dollars a year slip through their fingers, money they can hardly afford to waste,” said Jesse Kharbanda, executive director of the Hoosier Environmental Council.

But the Congressional Budget Office estimated that a 15-percent reduction in emissions would cause prices to rise to the tune of 3.3 percent of after-tax income for the lowest income household—or about $680 a year.

The effects on the middle class could mean an income hit of 2.7 percent to 2.9 percent, or about $880 to $1,500 a year, said the CBO.

Such numbers don’t mean much, however, until Congress comes up with a plan. Early this month, the Senate began reviving energy legislation efforts put on the back burner by health care reform.

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  1. If what you stated is true, then this article is entirely inaccurate. "State sells bonds" is same as "State borrows money". Supposedly the company will "pay for them". But since we are paying the company, we are still paying for this road with borrowed money, even though the state has $2 billion in the bank.

  2. Andrew hit the nail on the head. AMTRAK provides terrible service and that is why the state has found a contractor to improve the service. More trips, on-time performance, better times, cleanliness and adequate or better restrooms. WI-FI and food service will also be provided. Transit from outlying areas will also be provided. I wouldn't take it the way it is but with the above services and marketing of the service,ridership will improve and more folks will explore Indy and may even want to move here.

  3. They could take the property using eminent domain and save money by not paying the church or building a soccer field and a new driveway. Ctrwd has monthly meetings open to all customers of the district. The meetings are listed and if the customers really cared that much they would show. Ctrwd works hard in every way they can to make sure the customer is put first. Overflows damage the surrounding environment and cost a lot of money every year. There have been many upgrades done through the years to help not send flow to Carmel. Even with the upgrades ctrwd cannot always keep up. I understand how a storage tank could be an eye sore, but has anyone thought to look at other lift stations or storage tanks. Most lift stations are right in the middle of neighborhoods. Some close to schools and soccer fields, and some right in back yards, or at least next to a back yard. We all have to work together to come up with a proper solution. The proposed solution by ctrwd is the best one offered so far.

  4. Fox has comments from several people that seem to have some inside information. I would refer to their website. Changed my whole opionion of this story.

  5. This place is great! I'm piggy backing and saying the Cobb salad is great. But the ribs are awesome. $6.49 for ribs and 2 sides?! They're delicious. If you work downtown, head over there.

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