Quitting the US Chamber of Commerce Newest Eco-Fad?

Now that a third large utility has dropped out of the US Chamber of Commerce over its stance on climate change legislation, the question arises: is this just a passing squall or the beginning of a serious public relations brouhaha? Exelon, the country's largest provider of gas and electricity, has joined Pacific Gas & Electric of California, and ...

[The Truth Matters]

Hmmm, could it be that these utility companies would receive greater profits from increased electric rates, etc. if this legislation passes? No wonder that they would support it - they receive a share of the benefits - it doesn't cost them anything and would push future generation in their direction [WITH more government subsidies]. It's a no lose scenario for them.

From the article:
The nuclear industry could benefit from legislation that raises fossil fuel costs, and the industry's interests are expected to be a key topic in the Senate debate. Exelon currently operates 17 nuclear reactors in the Midwest and in mid-Atlantic states. The company also uses fossil fuels, hydropower and renewable energy to generate electricity.

[Northie]

The Truth Matters wrote:

Hmmm, could it be that these utility companies would receive greater profits from increased electric rates, etc. if this legislation passes? No wonder that they would support it - they receive a share of the benefits - it doesn't cost them anything and would push future generation in their direction [WITH more government subsidies]. It's a no lose scenario for them.

Sure, and good for Exelon and PG&E! The US Chamber is committing a grievous error in selling out to the coal and oil companies, coal-dependent utilities and the auto industry, endangering millions of people and our economic health in the process. Spank 'em!

[Brian_G]

We need more energy, not more control of energy production. We need cheaper electricity and fuel prices, President Obama's plan will accelerate unemployment.