POWER COMPANY CLIMATE REPORTS MAY BOOST LEGISLATIVE MOMENTUM

Investor groups say reports issued to shareholders this year by two electric power companies may increase momentum for greenhouse gas (GHG) legislation similar to the McCain-Lieberman Climate Stewardship Act. While not endorsing any new law, the reports acknowledge that future climate mandates for the power sector are all but certain. "For them to recognize that greenhouse gas regulation is inevitable, that's a big step," one source with an investor group says. Sustainable investment sources say a new report issued by...