Sen. Dick Lugar (R-IN) introduced The Practical Energy Plan Act of 2011 (S. 1321) on June 30th that calls for increased domestic oil production, the codification of fuel efficiency targets for motor vehicles, incentives for alternative fuels, among other things, with the goal of halving foreign oil imports by 2030. The bill would also require that all new federal buildings meet or surpass national model energy efficiency codes, would help rural homeowners and businesses with energy-efficiency retrofits by creating a low-interest loan program to assist, and would require medium and heavy-duty trucks to meet fuel efficiency standards by 2017 that would be revised very four years thereafter. The legislation’s most progressive provision would grant DoD contracting authority for alternative fuels and the capacity to form public-private partnerships in the name of fuel efficiency.

Legislation Introduced

Senators Herb Kohl (D-WI) and Roy Blunt (R-MO) introduced a bill (S. 1285.) to the Finance Committee to amend the Internal Revenue Code of 1986 to extend and modify the credit for new qualified hybrid motor vehicles, and for other purposes.

Senators Klobuchar (D-MN) and Johnson (D-SD) introduced a bill (S. 1291.) to the Finance Committee to amend the Internal Revenue Code of 1986 to provide a renewable electricity integration credit for a utility that purchases or produces renewable power.

Senator Patrick Toomey (R-PA) introduced a bill (S. 1292.) to require the Administrator of the EPA to consider the impact on employment levels and economic activity prior to issuing a regulation, policy statement, guidance document, endangerment finding, or other requirement, implementing any new or substantially altered program, or denying any permit.