On Thursday, I was honored to meet with former Vice President Dick Cheney.
Washington Report: An All-of-the-Above Strategy to Reduce Energy Prices
Despite the recent cold weather and snow storms, summer is quickly approaching which likely means higher energy prices. Nebraskans will not only feel the pain at the gas pump, we could face higher home electric bills, and pay more for just about every product because of higher transportation and production costs.
New American oil and natural gas discoveries combined with new drilling techniques are quickly expanding American energy generation. This energy revolution holds the potential to dramatically reduce our dependence on foreign oil, improve our national security, and boost much needed job creation and economic growth. We must embrace and encourage this revolution. We also must continue to diversify and grow our energy portfolio with renewable fuels including ethanol and hydropower.
Ethanol plays a major role in diversifying our energy supply and giving consumers a choice when fueling cars, trucks, and other vehicles. Importantly, we can produce ethanol at plants across our state using Nebraska corn which promotes our energy security and our local economy.
The Environmental Protection Agency (EPA) has decided to allow gasoline to be blended with up to 15 percent ethanol for cars manufactured after 2001. This decision was not taken lightly, and now we must develop ethanol infrastructure without further burdening producers, retailers, and consumers. Using market-based measures to remove bureaucratic obstacles and increase competition benefits consumers and lowers prices.
Removing regulatory burdens would also encourage greater use of clean, renewable hydropower, especially for small scale projects. Very often the cost of permitting small scale hydropower projects exceeds the cost of the project itself.
To streamline the approval process and make small scale hydropower financially feasible, Congressman Jim Costa (D-CA) and I twice introduced legislation to exempt these projects from Federal Energy Regulatory Commission (FERC) permitting requirements. FERC regulates the licensing and inspection of private, municipal, and state hydroelectric projects. Earlier this year, similar language to exempt hydropower projects generating less than five megawatts from the FERC's permitting rules was included in the House passed Hydropower Regulatory Efficiency Act.
Last month, the House also passed the Bureau of Reclamation Small Conduit Hydropower Development and Rural Jobs Act to except small hydropower projects from additional environmental review when they are placed in canals or water pipelines controlled by the bureau. According to a Bureau of Reclamation report from March of 2012 on conduit hydropower development, more than 30 irrigation sites in Nebraska contain more than 5,000 kilowatts of potential hydropower development. I am pleased this idea, which Congressman Costa and I originally put forth, has garnered broad bipartisan support in the House and is finally receiving attention in Senate.
While we work to develop new technologies and expand the use of other renewables including hydropower and ethanol we must continue to utilize all natural resources available to grow our economy. We will only be able to meet our current and future energy needs if we embrace an all-of-the-above approach.
New American oil and natural gas discoveries combined with new drilling techniques are quickly expanding American energy generation. This energy revolution holds the potential to dramatically reduce our dependence on foreign oil, improve our national security, and boost much needed job creation and economic growth. We must embrace and encourage this revolution. We also must continue to diversify and grow our energy portfolio with renewable fuels including ethanol and hydropower.
Ethanol plays a major role in diversifying our energy supply and giving consumers a choice when fueling cars, trucks, and other vehicles. Importantly, we can produce ethanol at plants across our state using Nebraska corn which promotes our energy security and our local economy.
The Environmental Protection Agency (EPA) has decided to allow gasoline to be blended with up to 15 percent ethanol for cars manufactured after 2001. This decision was not taken lightly, and now we must develop ethanol infrastructure without further burdening producers, retailers, and consumers. Using market-based measures to remove bureaucratic obstacles and increase competition benefits consumers and lowers prices.
Removing regulatory burdens would also encourage greater use of clean, renewable hydropower, especially for small scale projects. Very often the cost of permitting small scale hydropower projects exceeds the cost of the project itself.
To streamline the approval process and make small scale hydropower financially feasible, Congressman Jim Costa (D-CA) and I twice introduced legislation to exempt these projects from Federal Energy Regulatory Commission (FERC) permitting requirements. FERC regulates the licensing and inspection of private, municipal, and state hydroelectric projects. Earlier this year, similar language to exempt hydropower projects generating less than five megawatts from the FERC's permitting rules was included in the House passed Hydropower Regulatory Efficiency Act.
Last month, the House also passed the Bureau of Reclamation Small Conduit Hydropower Development and Rural Jobs Act to except small hydropower projects from additional environmental review when they are placed in canals or water pipelines controlled by the bureau. According to a Bureau of Reclamation report from March of 2012 on conduit hydropower development, more than 30 irrigation sites in Nebraska contain more than 5,000 kilowatts of potential hydropower development. I am pleased this idea, which Congressman Costa and I originally put forth, has garnered broad bipartisan support in the House and is finally receiving attention in Senate.
While we work to develop new technologies and expand the use of other renewables including hydropower and ethanol we must continue to utilize all natural resources available to grow our economy. We will only be able to meet our current and future energy needs if we embrace an all-of-the-above approach.
Submit Your Ideas for Tax Reform Using New Website
House Ways and Means Chairman Dave Camp (R-MI) and Senate Finance Committee Chairman Max Baucus (D-MT) have teamed up to launch http://www.TaxReform.gov , a new website dedicated to obtaining input from the American public on tax reform.
Developed in partnership with the Joint Committee on Taxation, TaxReform.gov will serve as a platform for the American public to weigh in on tax reform. Input from visitors to the website will be valuable to the House Committee on Ways and Means and Senate Finance Committee as they craft legislation.
The site also incorporates many Twitter tools which allow the public to weigh in by following @simplertaxes .
I commend Chairman Baucus and Chairman Camp; a Democrat and a Republican working together to advance comprehensive bipartisan tax reform. I support their efforts and hope you will choose to get involved in the tax reform process by submitting your thoughts, ideas, and concerns at TaxReform.gov.
As always, feel free to forward my e-newsletter to family and friends, or let them know they can sign up to receive updates from my office on my website at: http://adriansmith.house.gov .
Sincerely,
ADRIAN SMITH
Member of Congress
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