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• House passage possible by end of 2009 but most expect climate legislation to be in 2010 <br />(does White House want legislation before Copenhagen conference in Dec 2010?) <br />Issues -public power priorities <br />• CREBs -increased funding and lift cap for tax credits (currently capped at $800 million <br />for mums, coops, and other entities) <br />• REPI -seek increase funding for DOE renewable program <br />• Climate change - at what price a cap and trade program? <br />• Key climate issues include comparable financial incentives for public power; allocations <br />and auction; early action and credits <br />• Wholesale electricity markets -continued problems with RTOs and ISOs <br />• Railroad -look for passage of STB reform bill and rail antitrust legislation <br />• Nuclear -continued and visible support for new nuclear, including changes to the tax <br />code, working with NEI, and making nuclear viable option under climate change regime <br />• Tax reform -seek possible repeal of 1986 tax reform private use provisions <br />• Service territory -unlikely hostile attempts at federal legislation but remain vigilant <br />through regulatory process at USDA, agency responsible for implementing farm bill <br />