Investing in energy R and D
A July 15 hearing of a House Science and Technology subcommittee considered how the new administation's spending policies will affect Electric Power Research Institute (EPRI) research and development (R and D) programs, which have been coordinated with federal programs to avoid duplication. The administration's emphasis on private-sector financing overlooks the fact that financially stressed and regulated electric utilities are not in a position to take on new investment risks. Witnesses noted that energy research and development will decline without federal funding, and this will lead to a further decline in productivity. They recommended continued federal support of R and D, decontrol of oil and natural gas, development of a synthetic-fuels industry, increased R and D tax incentives, and financial help for the electric-utility industry. The congressional response was generally supportive at the hearing. (DCK)
- OSTI ID:
- 6203566
- Journal Information:
- EPRI J.; (United States), Journal Name: EPRI J.; (United States) Vol. 6:7; ISSN EPRJD
- Country of Publication:
- United States
- Language:
- English
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Related Subjects
290500 -- Energy Planning & Policy-- Research
Development
Demonstration
& Commercialization
296000* -- Energy Planning & Policy-- Electric Power
BUDGETS
ELECTRIC POWER
ELECTRIC UTILITIES
EPRI
FINANCIAL ASSISTANCE
FINANCIAL INCENTIVES
FINANCING
GOVERNMENT POLICIES
HEARINGS
INVESTMENT
POWER
PUBLIC UTILITIES
REGULATIONS
RESEARCH PROGRAMS