PRESIDENT BUSH: “When I sign that bill, gasoline prices are not going to drop.” [President Bush Energy Address, Lusby, Maryland, 6/22/05]
FACT: The proposed energy bill will cause the price of gasoline to increase significantly over the next ten years. [DOE Report, http://www.eia.doe.gov/oiaf/servicerpt/pceb/pdf/sroiaf(2004)02.pdf.]
PRESIDENT BUSH: “We need to make our electric grid more reliable.” [President Bush Energy Address, Lusby, Maryland, 6/22/05]FACT: The energy bill will weaken the integrity of the electric grid by repealing the law that protects consumers from the
manipulations of companies like Enron and putting the industry in charge of writing their own regulations. [PUHCA Repeal: Title XII, Section 1273 of S. 10 and Title XII, Section 1263 of H.R. 6; Regulations: Title XII, Section 1211 of S. 10 and Title XII, Section 1211 of H.R. 6]
FOR IMMEDIATE RELEASE June 22, 2005 |
CONTACT: Tara McGuinness 202.225.2836 |