BUSH'S FY06 BUDGET REQUEST LAYS IMPORTANT FOUNDATION FOR SENATE WORK ON ENERGY BILL

BUSH'S FY06 BUDGET REQUEST LAYS IMPORTANT FOUNDATION FOR SENATE WORK ON ENERGY BILL

The following press release was published by the Senate Committee On Energy & Natural Resources on Feb. 7, 2005. It is reproduced in full below.

Washington, D.C. - Senate Energy & Natural Resources Chairman Pete V. Domenici today issued the following statement regarding President Bush’s FY 2006 Budget Request for programs and agencies under the committee’s jurisdiction. Chairman Domenici’s statement: “President Bush called for an energy bill in his State of the Union address last week. As he promised in that speech, the President today sent to Congress a budget that provides for increased domestic production of oil, more renewable energy and the development of clean-coal technologies and hydrogen-powered cars. “Now, Congress must pass an energy bill that incorporates those initiatives and more. We must pass a bill that expands our use of clean and safe nuclear power and modernizes our electricity grid, as the President urged in his speech last week. I agree with President Bush. Four years of debate is indeed enough. It’s time to pass an energy bill. “I am not happy with every aspect of the President’s budget request. I think the push to make Power Marketing Administrations charge market-based rates is politically untenable. Every once in awhile, administrations of either party come up with this idea and I won’t support it. “But this budget lays an important foundation for our energy bill work. I continue to meet with Republicans and Democrats on the energy committee to craft a bipartisan energy bill we can pass through the Senate this year."

Source: Senate Committee On Energy & Natural Resources

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