Federal Energy Bill Update ...

The Senate passed a revised energy bill by a vote of 86 to 8. The Senate removed the $21 billion tax package (about $3 billion survived in offsets sufficient to pay for CAFE and two of the energy efficiency titles) and the Renewable Electricity Standard. Apparently the House will vote on the bill next Tuesday; House passage is expected. Speaker Pelosi has already issued a statement of support. The Renewable Fuel Standard (RFS) is the same one that passed last week in the House version of the bill (36 BGY by 2022, of which 21 BGY is advanced biofuels).