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|Energy Market and Economic Impacts of H.R. 2454, the American Clean Energy and Security Act of 2009                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       
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|Notes and Sources
                      1 The  request letter from Chairman Waxman and Chairman Markey is provided in Appendix  A.
                      2 The  development of the updated Reference Case is described in a recent EIA report, *An Updated Annual Energy Outlook 2009  Reference Case Reflecting Provisions of the American Recovery and Reinvestment  Act and Recent Changes in the Economic Outlook,* SR/OIAF/2009-03 (Washington, DC,  April 2009), web site http://www.eia.gov/oiaf/servicerpt/stimulus/index.html.
                      3 Detailed  descriptions of the assumptions used and changes made to the National Energy  Modeling System to represent the provisions of the American Clean Energy and  Security Act are provided in Appendix B..
                      4 This  case was originally included in EIA’s April 2008 analysis of the  Lieberman-Warner Climate Security Act (S. 2191) pursuant to a request from  Senators Barrasso, Inhofe, and Voinovich.
                      5 This  overall compliance level includes both the projected cumulative  24.6–BMT-difference between the Reference Case projection and the ACESA cap on  covered CO2-equivalent emissions between 2012 and 2030 and the  accumulation of an additional 13 BMT in allowances that are banked for use in  post-2030 compliance.
                      6 The  average electricity price in the No International/Limited case in 2020 is 10.7  cents per kilowatthour.
                      7 The  request letter from Chairman Waxman and Chairman Markey is provided in Appendix  A.
                      8 Detailed  discussion of the changes made to the NEMS to represent ACESA is provided in  Appendix B.
                      9 Energy Information Administration,  *An  Updated Annual Energy Outlook 2009 Reference Case Reflecting Provisions of the  American Recovery and Reinvestment Act  and Recent Changes in the Economic Outlook*, SR/OIAF/2009-03 (Washington, DC, April 2009),  http://www.eia.gov/oiaf/servicerpt/stimulus/index.html.
                      10 Due to the Energy Information  Administration’s limited disaggregation of the non-CO2 gases for  modeling purposes, some non-CO2 gases are modeled as being covered  beginning in 2012 rather than 2014.  As a  result, the percentage of covered gases assumed before 2014 is about 2  percentage points higher than the 66-percent figure cited in ACESA Sec. 721.
                      11See  www.eia.gov/oiaf/service_rpts.htm.
                      12 The  average electricity price in the No International/Limited case in 2020 is 10.7  cents per kilowatthour.
                      13  In this  section, industry is defined as non-service output.  Industry includes manufacturing, agriculture,  construction, and mining, which are the industries used by the NEMS industrial  demand module.
                      14 See  Appendix B for detailed methodology of incorporating these industrial output-based  rebates.
                      15  Energy  Information Administration, *Energy Market  and Economic Impacts of S. 2191, the Lieberman-Warner Climate Security Act of  2007*, SR/OIAF(2008-01) (Washington,   DC, April 2008), web site www.eia.gov/oiaf/servicerpt/s2191/index.html.
                      16 For the  published *AEO2009*, EIA included as a  side case an updated S. 2191 Case, called the “LW110” Case, with assumptions  similar to the S. 2191 High Cost Case from the 2008 Service Report.  The estimated 2030 allowance price in the *AEO2009* LW110 was $74 per metric ton,  compared to $80 allowance price in the original S. 2191 High Cost Case based on *AEO2008*.
                      17 Energy  Information Administration, *Annual Energy  Outlook 2009*, DOE/EIA-0383(2009)(Washington, DC, February 2009), web site www.eia.gov/oiaf/aeo/index.html,  and *An Updated AEO2009 Reference Case  Reflecting Provisions of the American Recovery and Reinvestment Act and Recent  Changes in the Economic Outlook*,   DOE/EIA-SR-OIAF/2009-03 (Washington, DC, April 2009).
                      18 Each  State was given a “score” from 1 to 5 and weighted by housing permits to  calculate a Census division average.  The  relative score for each State was derived from American Council for an  Energy-Efficient Economy (ACEEE), *The State  Energy Efficiency Scorecard for 2006*, June 2007.
                      19 For more  detail on the assumptions, see http://www.eia.gov/oiaf/servicerpt/stimulus/index.html.
                      20 Navigant  Consulting Incorporated, *U.S.**Lighting Market Characterization, Volume  I:  National Lighting Inventory and  Energy Consumption Estimate*, September 2002.
|Notes and Sources
                      1 The  request letter from Chairman Waxman and Chairman Markey is provided in Appendix  A.
                      2 The  development of the updated Reference Case is described in a recent EIA report, *An Updated Annual Energy Outlook 2009  Reference Case Reflecting Provisions of the American Recovery and Reinvestment  Act and Recent Changes in the Economic Outlook,* SR/OIAF/2009-03 (Washington, DC,  April 2009), web site http://www.eia.gov/oiaf/servicerpt/stimulus/index.html.
                      3 Detailed  descriptions of the assumptions used and changes made to the National Energy  Modeling System to represent the provisions of the American Clean Energy and  Security Act are provided in Appendix B..
                      4 This  case was originally included in EIA’s April 2008 analysis of the  Lieberman-Warner Climate Security Act (S. 2191) pursuant to a request from  Senators Barrasso, Inhofe, and Voinovich.
                      5 This  overall compliance level includes both the projected cumulative  24.6–BMT-difference between the Reference Case projection and the ACESA cap on  covered CO2-equivalent emissions between 2012 and 2030 and the  accumulation of an additional 13 BMT in allowances that are banked for use in  post-2030 compliance.
                      6 The  average electricity price in the No International/Limited case in 2020 is 10.7  cents per kilowatthour.
                      7 The  request letter from Chairman Waxman and Chairman Markey is provided in Appendix  A.
                      8 Detailed  discussion of the changes made to the NEMS to represent ACESA is provided in  Appendix B.
                      9 Energy Information Administration,  *An  Updated Annual Energy Outlook 2009 Reference Case Reflecting Provisions of the  American Recovery and Reinvestment Act  and Recent Changes in the Economic Outlook*, SR/OIAF/2009-03 (Washington, DC, April 2009),  http://www.eia.gov/oiaf/servicerpt/stimulus/index.html.
                      10 Due to the Energy Information  Administration’s limited disaggregation of the non-CO2 gases for  modeling purposes, some non-CO2 gases are modeled as being covered  beginning in 2012 rather than 2014.  As a  result, the percentage of covered gases assumed before 2014 is about 2  percentage points higher than the 66-percent figure cited in ACESA Sec. 721.
                      11See  www.eia.gov/oiaf/service_rpts.htm.
                      12 The  average electricity price in the No International/Limited case in 2020 is 10.7  cents per kilowatthour.
                      13  In this  section, industry is defined as non-service output.  Industry includes manufacturing, agriculture,  construction, and mining, which are the industries used by the NEMS industrial  demand module.
                      14 See  Appendix B for detailed methodology of incorporating these industrial output-based  rebates.
                      15  Energy  Information Administration, *Energy Market  and Economic Impacts of S. 2191, the Lieberman-Warner Climate Security Act of  2007*, SR/OIAF(2008-01) (Washington,   DC, April 2008), web site www.eia.gov/oiaf/servicerpt/s2191/index.html.
                      16 For the  published *AEO2009*, EIA included as a  side case an updated S. 2191 Case, called the “LW110” Case, with assumptions  similar to the S. 2191 High Cost Case from the 2008 Service Report.  The estimated 2030 allowance price in the *AEO2009* LW110 was $74 per metric ton,  compared to $80 allowance price in the original S. 2191 High Cost Case based on *AEO2008*.
                      17 Energy  Information Administration, *Annual Energy  Outlook 2009*, DOE/EIA-0383(2009)(Washington, DC, February 2009), web site www.eia.gov/oiaf/aeo/index.html,  and *An Updated AEO2009 Reference Case  Reflecting Provisions of the American Recovery and Reinvestment Act and Recent  Changes in the Economic Outlook*,   DOE/EIA-SR-OIAF/2009-03 (Washington, DC, April 2009).
                      18 Each  State was given a “score” from 1 to 5 and weighted by housing permits to  calculate a Census division average.  The  relative score for each State was derived from American Council for an  Energy-Efficient Economy (ACEEE), *The State  Energy Efficiency Scorecard for 2006*, June 2007.
                      19 For more  detail on the assumptions, see http://www.eia.gov/oiaf/servicerpt/stimulus/index.html.
                      20 Navigant  Consulting Incorporated, *U.S.**Lighting Market Characterization, Volume  I:  National Lighting Inventory and  Energy Consumption Estimate*, September 2002.