* Dana M. Perino 02/1212003 03:57:00 PM

Record Type: Record

To: See the distribution list at the bottom of this messagecc:Subject: EEl, Industry Allies Launch 'Power Partners' To Support President's Climate Initiative

------------ Forwarded by Dana M. PerinoICEQIEOP on 02112/2003 03:55 PM --------------

Dan Riedinger <DRiedinger~eei.org>7702/12/2003 11:34:25 AM

Record Type: Record

To: undisclosed-recipients:

cc:Subject: EEl, Industry Allies Launch 'Power Partners' To Support President's Climate Initiative

For Immediate ReleaseFor More Information;Dan Riedinger, 202-508-5483

BET, INDUSTRY ALLIES LAUNCH 'POWER PARTNERS'TO SUPPORT PRESIDENT BUSH'S CLIMATE INITIATIVE

WASHINGTON (February 12, 2003) - The Edison Electric Institute (EET)today joined its electric power industry allies in launching a newprogram to support President Bush's commitment to slow, andeventually reverse, the growth in U.S. greenhouse gas emissions. Tohelp meet this challenge, the power sector has teamed with the U.S.Department of Energy (DOE) to form 'Power Partners,' a new voluntaryinitiative under which the electric power sector will substantiallyreduce, avoid, or capture carbon dioxide (C02) emissions over thisdecade.

The U.S. electric power industry leads all other sectors in takingvoluntary actions to address greenhouse gas emissions. Under theClimate Challenge, a 1994 utility-DOE partnership, electriccompanies undertook projects comprising 70 percent of all greenhousegas reductions reported to the federal government in the year 2000.

Power Partners will build on this success, as BET members work withtheir industry allies and DOE to reduce power sector carbonintensity by the equivalent of 3 to 5 percent in this decade.Terming the goal "ambitious, but achievable," EEI President ThomasKuhn said, "some companies individually may be able to exceed thisgoal, and, as an industry, we may be able to achieve a higher goalin the future."

"During the past decade, the electric power industry helped lay thegroundwork for the president's climate initiative by proving thatvoluntary programs are an effective means of addressing greenhousegas emissions," Kuhn said. "In this decade, we will undertake a newround of initiatives that will make a major contribution towardsachieving the president's goal."

BET member companies participating in Power Partners representnearly 90 percent of the electric generation produced by theInstitute's members. Individual company activities will comprisethe cornerstone of EEI's response to the administration's challenge.These initiatives will include additional natural gas and clean coaltechnology generation; additional nuclear generation; newrenewables, energy efficiency, and demand-side management programs;forestry initiatives; methane recovery projects; and internationalpartnerships.

To supplement these efforts, BET has developed several industry-wideinitiatives, including the ForesTree Carbon Company's carbonsequestration project in the lower Mississippi River Valley; theCoal Combustion Products Partnership, a joint powersector-Environmental Protection Agency effort to increase the use ofcoal combustion byproducts as a substitute for a variety ofgreenhouse gas intensive materials and applications; InternationalPower Partnerships, a team effort with DOE to support and deployenergy-efficient projects overseas; and initiatives to promote powerfrom wind and biomass.

'The president's climate initiative is a critical first step towardsreversing the growth in U.S. greenhouse gas emissions,' Kuhn said."By encouraging voluntary, cost-effective solutions, it will curbemissions without undermining our energy supply or putting thebrakes on economic growth. it will produce measurable results inthis decade, while giving us time to develop the technologiesnecessary to address concerns about climate change over the longhaul."

"We commend the administration for tackling this issue in a mannerthat simultaneously advances the nation's environmental, energy, andeconomic objectives," Kuhn said. "The power sector and BET'smembers are committed to helping make the president's program asuccess."

For more information about Power Partners and other actions EEI membercompanies are taking to address climate issues, visit BEE's web site athttp://www.eei. org

Edison Electric Institute (BET) is the association of U.S. shareholder-ownedelectric companies, international affiliates and industry associatesworldwide. Our U.S. members serve roughly 90 percent of the ultimate customersin the shareholder-owned segment of the industry, nearly 70 percent of allelectric utility ultimate customers in the nation, and generate nearly 70percent of the electricity produced in the United States

D-Power Partners Release 2-12-03.pdf

Message Sent To:

John D. EstesIWHO/EOP@EOPPhil Cooney/CEQIEOP@EOPKameran L. Onley/CEQI/EOP@EOPNatalie TowcimakICEQIEOP@EOPjilk~vieth~hq.doe.gov ~ inetalisa~harrison~usda.gov @ inetleonardo.alcivar~ost~dot.gov ~ inetmartyak~joe~epa.gov ~ inetpemberton~john~epa.gov ~ inetkremer.cece~epa.gov ~ inetbell.steffanie~epa.gov ~ inetMarcus Peacock/OMBIEOP@EOP

EDISON ELECTRICINSTITUTEew

701 Pennsylvania Avenue, NWA I Washington, D.C. 20004-2696 I 202-508-5000 I Fax 202-508-5159 I news~eei~org I www.eei~org

FOR IMMEDIATE RELEASEFOR MORE INFORMATION:DAN RIEDINGER, 202-508-5483

EEl, INDUSTRY ALLIES LAUNCH 'POWER PARTNERS'TO SUPPORT PRESIDENT BUSH'S CLIMATE INITIATIVE

WASHINGTON (February 12, 2003) - The Edison Electric Institute (EEl) today joinedits electric power industry allies in launching a new program to support President Bush'scommitment to slow, and eventually reverse, the growth in U.S. greenhouse gas emissions.To help meet this challenge, the power sector has teamed with the U.S. Department ofEnergy (DOE) to form 'Power Partners,' a new voluntary initiative under which the electricpower sector will substantially reduce, avoid, or capture carbon dioxide (002) emissions overthis decade.

The U.S. electric power industry leads all other sectors in taking voluntary actions toaddress greenhouse gas emissions. Under the Climate Challenge, a 1994 utility-DOEpartnership, electric companies undertook projects comprising 70 percent of all greenhousegas reductions reported to the federal government in the year 2000.

Power Partners will build on this success, as EEI members work with their industryallies and DOE to reduce power sector carbon intensity by the equivalent of 3 to 5 percent inthis decade. Terming the goal "ambitious, but achievable," EEl President Thomas Kuhn said,'some companies individually may be able to exceed this goal, and, as an industry, we maybe able to achieve a higher goal in the future."

"During the past decade, the electric power industry helped lay the groundwork for thepresident's climate initiative by proving that voluntary programs are an effective means ofaddressing greenhouse gas emissions," Kuhn said. "In this decade, we will undertake a newround of initiatives that will make a major contribution towards achieving the president's goal."

EEl member companies participating in Power Partners represent nearly 90 percent ofthe electric generation produced by the Institute's members. Individual company activities

- MORE -

will comprise the cornerstone of EEl's response to the administration's challenge. These

initiatives will include additional natural gas and clean coal technology generation; additional

nuclear generation; new renewables, energy efficiency, and demand-side management

programs; forestry initiatives; methane recovery projects; and international partnerships.

To supplement these efforts, EEl has developed several industry-wide initiatives,

including the ForesTree Carbon Company's carbon sequestration project in the lower

Mississippi River Valley; the Coal Combustion Products Partnership, a joint power sector-

Environmental Protection Agency effort to increase the use of coal combustion byproducts as

a substitute for a variety of greenhouse gas intensive materials and applications; International

Power Partnerships, a team effort with DOE to support and deploy energy-efficient projects

overseas; and initiatives to promote power from wind and biomass.

"The president's climate initiative is a critical first step towards reversing the growth in

U.S. greenhouse gas emissions," Kuhn said. "By encouraging voluntary, cost-effective

solutions, it will curb emissions without undermining our energy supply or putting the brakes

on economic growth. It will produce measurable results in this decade, while giving us time

to develop the technologies necessary to address concerns about climate change over the ~

long haul."

"We commend the administration for tackling this issue in a manner that

simultaneously advances the nation's environmental, energy, and economic objectives,"

Kuhn said. "The power sector and EEl's members are committed to helping make the

president's program a success."

For more information about Power Partners and other actions EEl member companies are taking toaddress climate issues, visit EEl's web site at http:Ilwww.eei.ora

Edison Electric Institute (BEE) is the association of U.S. shareholder-owned electric companies,international affiliates and industry associates worldwide. Our U.S. members serve roughly 90

percent of the ultimate customer's in the shareholder-owned segment of the industry, nearly 70percent of all electric utility ultimate customers in the nation, and generate nearly 70 percent of

the electricity produced in the United States.