The House Energy and Commerce Subcommittee on Energy and Power, chaired by Rep. Ed Whitfield (R-KY), will hold the ninth day of its hearing on the American Energy Initiative on Friday, June 3, at 9:00 a.m. in room 2322 of the Rayburn House Office Building. The focus of Friday's discussion will be policy recommendations in H.R. 909, A Roadmap for America's Energy Future.
H.R. 909, introduced by Rep. Devin Nunes (R-CA), seeks to expand and diversify American energy supplies through the development of both conventional and renewable energy sources. The legislation, one of several proposals reviewed by the committee in the course of its hearing series on the American Energy Initiative, proposes steps to increase production of oil supplies in the Outer Continental Shelf and Arctic National Wildlife Refuge, non-conventional sources of oil such as coal-to-liquids and oil shale, as well as nuclear power. The increased revenues from leasing and production on federal lands and the OCS would be used to facilitate the development of renewable electricity sources through a reverse auction process that rewards technologies that can provide renewable electricity at the lowest cost.
"The American people do not need to suffer high electricity rates or gas prices. Energy and Commerce Committee Republicans understand this fact. With H.R. 909, Congress can immediately reduce high energy prices while making historic investments in renewable energy," said Rep. Nunes. "The bill is the product of many years of collaboration between a number of Representatives and includes innovations that, if implemented, will finally deliver Americans affordable renewable energy alternatives."