New Hampshire Senate Alters State Cap and Trade Program

The New Hampshire State Senate voted 18-6 to amend the state's cap and trade program, witch is part of the Regional Greenhouse Gas Initiative (RGGI) , to allow utility companies more control over the use of auction proceeds for energy efficiency. The bill also changes a consumer rebate formula that would slightly decrease monthly rates for consumers. The bill now goes to the House, where leaders are unsure of its prospects as their body passed legislation requiring a repeal of the entire cap and trade program rather than just changing administrative functions.