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CONTACT: Charlotte LeGates
PHONE: 202/326-9316
FAX: 202/326-9334
E-MAIL: clegates@ngsa.org
The letter states that "the cost of baseload generation" under a mandate that requires use of renewables for 10 percent of electricity generation "would increase by about 12%." Since "baseload generation is about two-thirds of total generation," the "12% increase in baseload generation costs translates into about an 8% increase in the cost of total generation."
NGSA first learned of the correction late Friday afternoon.
"We are grateful to the Lawrence Berkeley Labs for pointing out the error to Charles River,"
commented NGSA President Nicholas Bush. "And we will do our utmost to ensure that it is
factored into the debate.
"But it is important to note that the study as corrected continues to point to the high cost of a
renewables mandate," he continued. Such mandates are included in several bills now under
consideration on Capitol Hill. "And clearly, costs could rise higher still. In fact, since issuing the
study, NGSA has received a number of comments pointing out that the study uses highly
conservative estimates and that actual costs are likely to be much higher.
"NGSA opposes fuel mandates," Bush concluded. "They distort markets, raise costs, and act as a
drag on the national economy. The American public will be best served by a fully competitive,
no-mandate electricity marketplace that spurs all generators to use the most efficient technology
and reduce costs to consumers."
NGSA represents producers and marketers of domestic natural gas.
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This page was orginally placed July 1, 1997; last updated August 31, 1997