Notes

1 Several other changes including updates to near-term world oil prices, reinstatement of the Clean Air Interstate Rule, and final action on Corporate Average Fuel Economy standards for model year 2011 were also incorporated.

2 For example, ARRA provisions to spur the use of renewable energy, including a 3-year extension of the production tax credit for eligible renewables, are important enough to impact the analysis of proposals for a renewable electricity standard.

3 The comparison is only a rough approximation, for reasons discussed below in the section on macroeconomic assumptions.

4 Oak Ridge National Laboratory, Estimating the National Effects of the U.S. Department of Energy’s Weatherization Assistance Program with State-Level Data: A Meta-evaluation Using Studies from 1993 to 2005, September, 2005 and U.S. Department of Energy Website: http://apps1.eere.energy.gov/weatherization/recovery_act.cfm.

5 National Renewable Energy Laboratory, PTC, ITC, or Cash Grant?, LBNL-1642E, NREL/TP-6A2-45359, March 2009, available at http://eetd.lbl.gov/ea/emp.

6 Electric Power Research Institute, Palo Alto, California, Power Delivery System of the Future, A Preliminary Estimate of Costs and Benefits, 1011001, July 2004.

7 Electric Power Research Institute, Palo Alto, California, The Green Grid, Energy Savings and Carbon Emissions Reductions Enabled by a Smart Grid, 1016905, June 2008.

8 These figures are relative to the baseline projections from the Annual Energy Outlook 2008.