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Carbon Caps May Send Power Prices Sky-High: Study

Law360 (March 25, 2009, 12:00 AM EDT) -- Carbon cap-and-trade legislation, which may be in place as soon as next year, could cause electricity rates to skyrocket an average of 15 to 30 percent, with the majority of the cost increases being pushed to end users, according to a report from Moody's Investors Service.

In a report issued this month on the effect of carbon risks for the U.S. electric utility sector, Moody's analysts said the effects of carbon-capping measures, once seen as long-term problems, are actually closer to being realized than many investors...
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