Top brass at one of the nation's largest utility companies says the path Sens. John Kerry (D-Mass.) and Joseph Lieberman (I-Conn.) mapped yesterday to address climate change and set the nation on course for a low-carbon future is a step in the right direction.
Speaking at a Resources for the Future Policy Leadership Forum Wednesday, Exelon Chairman and CEO John Rowe offered praise for the (protracted) efforts of the duo and its (now) shadow compatriot, Sen. Lindsey Graham.
“By implementing a market-based solution that puts a price on carbon emissions, we can take major steps toward a low-carbon economy for an incremental 3 to 5 cents per kilowatt hour,” Rowe said. “But if we just pick the technologies we think are most elegant, with no regard for cost, we could spend three times the cost the markets would give us, as much as 10 cents per kilowatt hour.
Rowe took his speech as an opportunity to release an updated illustration of the affordability of meeting his company’s goal to eliminate its 2001 carbon footprint by 2020. The image provides some interesting insight into the most cost-effective ways to reduce greenhouse gas emissions.

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Still, he made no bones about his preferred energy source. Exelon operates the nation’s largest fleet of nuclear facilities with sites across the Midwest and a few on the East Coast. But as a strong advocate for a market-based solution to the issues of climate change, he concedes he’d find a new preference if the market doesn’t support a robust nuclear portfolio.
“Let’s get these choices on a playing field. Let the market decide and I’ll do what the market tells me, not what I like.”
Tiffany Clements is managing editor of Weathervane.