DELAY ON STATE RGGI BILL MAY FORESHADOW FIGHT ON CREDIT ALLOCATIONS

The Massachusetts legislature will likely put off until next year a bill to join the Northeast regional greenhouse gas initiative (RGGI), with observers expecting a dispute over a provision in the bill that requires the state to auction all of its allowances to generators. Massachusetts was one of the key states involved in crafting the agreement to lower carbon dioxide (CO2) emissions in Northeast states, until Gov. Mitt Romney (R) dropped out of the program late last year because of...