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Alliant: Cap and Trade Means Higher Energy Costs in Midwest

Posted: July 2, 2009 @ 4:45 am In Today's Local News

Alliant Energy says the current cap and trade bill moving through Congress could mean double digit bill increases for their customers. Company spokesman Scott Drzycimski says Midwesterners are very dependent on coal, which means companies like Alliant won’t receive as many carbon credits. He says this will force them to purchase these credits from other utilities, ultimately driving energy prices up.

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