Notes

1 Title VII provisions affecting the oil and natural gas industries are summarized in the following two paragraphs, which are taken almost verbatim from Energy Policy Reform and Revitalization Act of 2007, Title VII of H.R. 3221: Summary and Discussion of Oil and Gas Provisions, CRS Report RL34111, August 2008.

2 This range reflects uncertainty in the amount of hydroelectric generation sold by public suppliers and the possible impacts of the RPS proposal on the relative growth of private and public suppliers. The low-end estimate is based on the assumption that sales from public utilities grow at the same rate as private retailers through 2030 and that all existing hydroelectric generation is sold by private retailers.  The high-end estimate is based on the assumption that public suppliers do not grow through 2030 and that all existing hydropower is sold by public suppliers.

3 This assumes no public utility growth and that all hydroelectric generation is sold by public suppliers.

4 The credit prices in HR 3221 are expressed in current dollars but allow for an inflation adjustment.  The results are expressed in real, inflation-adjusted, 2005 dollars.

5 Energy Information Administration, Impacts of a 15-Percent Renewable Portfolio Standard, SR-OIAF/2007-03 (June 2007), http://www.eia.doe.gov/oiaf/servicerpt/prps/index.html.

6 Energy Information Administration, Annual Energy Outlook 2007, DOE/EIA-0383(2007) (February 2007).