Washington - The Environmental
Protection Agency’s highly anticipated, comprehensive economic
analysis of the American Power Act shows that the bill will
decrease Americans’ energy bills and protect those most affected by
energy prices.

The American Power Act’s co-authors, Senators John Kerry,
D-Mass., and Joe Lieberman, I-Conn., lauded the release of the
report as an important step toward moving their comprehensive
climate and clean energy legislation through the Senate this
year.

Unveiled just in time for President Obama’s Oval Office address
the EPA study corroborates the findings of the non-partisan
ClimateWorks Foundation, which indicated that the American Power
Act will create 540,000 jobs per year while providing an average of
$71 in savings on families’ utility bills. The ClimateWorks study,
also released today, identified no negative change in the U.S.
Gross Domestic Product (GDP) through 2030 and a 45 percent
emissions cut by 2030.

The EPA’s analysis shows that the American Power Act:

• decreases energy bills for households through 2030 and minimal
  impact on households’ overall costs through 2050;



• offers significant changes from previous legislation, including
  more robust and effective cost containment;



• keeps allowance prices low: $16 in 2013 and $20 in 2020;



• keeps overall household costs to a minimum for the life of the
  bill: about $80-150 per year; and



• ensures those families most affected by energy prices are
  protected.

The full analysis of the EPA study can be found href=”http://www.epa.gov/climatechange/economics/economicanalyses.html#apa2010”
target=”_blank”
onclick=”pageTracker._trackPageview(‘/outbound/article/www.epa.gov’);”>
here. The ClimateWorks study is available href=”http://www.climateworks.org/news/item/?pl=Analysis_of_the_American_Power_Act”
target=”_blank”
onclick=”pageTracker._trackPageview(‘/outbound/article/www.climateworks.org’);”>
here.