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A top nuclear industry official today praised the new energy law's financial incentives for spurring new plant orders but warned that key challenges remain before investments are made, including progress on the troubled waste repository project at Yucca Mountain, Nev.
Celebrating a domestic policy victory, President Bush today signed into law a long-sought energy bill that his administration has been pursuing since entering the White House in 2001.
The energy bill's repeal of the 70-year-old law that regulates utility industry holding company transactions may not start an open season on buying and selling utility properties, but it will signal significant changes in how the industry finances and structures its operations and expansions, industry analysts say.
In a sign of appreciation for the work of New Mexico Sens. Pete Domenici (R) and Jeff Bingaman (D) on the "Energy Policy Act of 2005," President Bush will sign the $14.5 billion legislation Aug. 8 at New Mexico's Sandia National Laboratories, the White House said yesterday.
Federal agencies will have to hit the ground running to implement the many rules, reports and studies outlined in the 1,725-page energy bill that President Bush is expected to shortly sign into law.
The energy bill cleared its final hurdle today as the Senate voted 74-26 to send the measure to President Bush for his signature.
The House of Representatives today approved the energy bill, 275-156, sending the conference report to the Senate for an anticipated vote tomorrow that would end more than four years of gridlock on the issue.
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