Sen. Demands Posting Of Renewable Energy Bonds

Law360, New York (June 4, 2009, 12:00 AM EDT) -- Sen. Lamar Alexander, R-Tenn., has called for developers of renewable energy projects to be required to put up bonds to dismantle them, fearing that large projects will remain up long after their use has ceased.

Alexander, the ranking member of the Senate Appropriations subcommittee on interior, environment and related agencies, told U.S. Secretary of the Interior Ken Salazar at a hearing Wednesday on Capitol Hill that the condition should be added to any renewable energy plan.

“The current subsidies for some energy projects might end and...
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