Power Cos. Face Biggest Cap-And-Trade Losses: Report

Law360, New York (November 2, 2009, 5:15 PM EST) -- Southern Co. and American Electric Power Co. Inc. will likely be among the biggest losers under a U.S. cap-and-trade system for greenhouse gases, even though their emissions are well below that of oil giants such as Exxon Mobil Corp. and Chevron Corp., according to a newly released report.

The report, released Monday by energy markets consulting firm Point Carbon, analyzed how the Kerry-Boxer climate bill before the U.S. Senate would affect large emitters in the power and oil sectors, finding that compliance could cost coal-dependent Southern...
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