The US House Appropriations Subcommittee on Energy and Water
approved fiscal year 2015 funding this week for the Department of
Energy, the Corps of Engineers and related agencies. The bill
totals US$34 billion—US$50 million below the 2014 enacted
level, but US$327 million above the President's request. It
reflects a re-ordering of priorities from the President's
request, with a major increase for the Corps of Engineers of nearly
US$1 billion and a greater emphasis within the DOE budget on fossil
and nuclear energy programs, with cuts made to renewable energy
The bill increases overall funding for DOE's energy programs
by US$113 million above the fiscal year 2014 enacted level. Within
that total, funding for DOE's fossil energy programs is
increased by more than US$30 million and nuclear energy programs
receive nearly US$10 million over last year's level. Funding
for the office of Energy Efficiency and Renewable Energy is reduced
by US$113 million below last year's appropriation. The
subcommittee states in its bill summary that this allocation
"prioritizes and increases funding for energy programs that
encourage U.S. economic competitiveness and that help advance the
nation's goal of an 'all of the above' solution to
Funding for the Office of Science is kept the same as fiscal
year 2014, at US$5.1 billion. Within DOE's defense programs,
the subcommittee prioritizes nuclear weapons activities and funding
for the naval nuclear reactors program. Both received substantial
increases over 2014 enacted levels, while nuclear non-proliferation
programs are reduced by just under US$400 million. DOE
environmental cleanup programs are cut by more than US$200
The subcommittee provides continued support for Yucca Mountain
waste disposal activities. It allocates US$150 million to DOE's
Nuclear Waste Disposal program and US$55 million to the Nuclear
Regulatory Commission to continue the adjudication of the Yucca
Mountain license application. The bill denies funding for the
DOE's proposed non-Yucca nuclear waste disposal activities.
The bill now moves to the full House Appropriations Committee
for its consideration. The Senate has not yet taken any action on
its version of the bill, but the Senate Appropriations Subcommittee
on Energy and Water is expected to take a different approach to
funding of DOE's energy programs by rejecting the House's
large cut in renewable energy research.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
To print this article, all you need is to be registered on Mondaq.com.
Click to Login as an existing user or Register so you can print this article.
Please join Dentons for an informative seminar examining the current landscape for cross-border M&A. We will hold two panel discussions, followed by a networking reception, in our New York office on April 4 from 3 to 6:30 p.m. Both sessions will offer limited seating, in order to facilitate group participation and dialogue.
Join us to talk about opportunities, expand your contact list—and practice your poker face. Food and drinks will be served. Participation is entirely free and no real money will be used or accepted in the tournament.
The Dentons Rodyk Dialogue is a partnership between Dentons Rodyk and Singapore Management University (SMU) to create a major forum for thought leaders to share ideas and views affecting Asia’s legal, business, cultural and economic landscape.
Ultimately, it is hoped that these conversations would influence attitudes and policies resulting in a better world for all. The Dentons Rodyk Dialogue aims to be the essential event for legal, business and academic leaders to converge in order to discuss pressing issues and world trends.
This year’s Dialogue will surround the theme of ‘The Future of E-Commerce’, with distinguished speaker, Mr. Maximilian Bittner, CEO of Lazada Group, delivering the keynote speech.
The emerging trend of energy private equity ("EPE") funds is revolutionizing the renewable energy field, as renewable energy joins leveraged buyouts, venture capital and hedge funds as asset classes that institutional investors and high net worth investors are using to deploy their capital in a diversified manner, with the added "social good" of investing in a sustainable energy future.
On Wednesday, Feb. 9, 2017, a group of prominent Republicans and business leaders1 from the Climate Leadership Council released a carbon tax proposal entitled "The Conservative Case for Carbon Dividends."
Brattle economists have authored an article published in the July 2016 issue of The Electricity Journal that analyzes the implications that the introduction of demand charges could have on customer bills...
Register for Access and our Free Biweekly Alert for
This service is completely free. Access 250,000 archived articles from 100+ countries and get a personalised email twice a week covering developments (and yes, our lawyers like to think you’ve read our Disclaimer).