Word: retrofits
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...fuel-efficient equipment, $600 million for smart boiler controls. "Still $998 billion to go," he said with a sigh. "Really, I spent time on this, and it's a reach to get to $100 billion." Obama and his team are starting to sound irked by demands for more. Why retrofit only 75% of federal buildings? Uh, it's not exactly cost-effective to retrofit a particle accelerator. What about more high-speed rail? Wonderful, if there were more projects ready to go. Why stop at weatherizing 2 million homes? Sorry, there are only so many guys who know...
...remember this plan, because Gore's political consultants decided it didn't "test" well. It has now been revived by Obama, who has been logging a lot of phone time with Gore. But Obama has changed the emphasis a bit to promote "green collar" job development, like programs to retrofit public buildings to conserve energy. Obama also has a new take on traditional infrastructure spending, designed to limit cronyism: a $6 billion-per-year federal infrastructure bank, where loans to states and localities would have to be approved by a bipartisan board of governors appointed by the President and confirmed...
...your air-conditioning bill. Schipper also says the savings from more-efficient air-conditioning systems can be enormous: in many Asian and European hotel rooms, the AC and electricity are activated only when you slip your magnetic room key into a slot near the door. A program to retrofit all public buildings with high-tech glass and insulation would save untold amounts of energy and electricity - and create thousands of green-collar jobs...
McCall is unapologetic about TXU's plans--and so far, the regulators are on his side. McCall wonders how anybody could oppose a plan to build 11 new plants--and retrofit old ones--while lowering overall emissions 20% (that's right, 20% below their current level). TXU would also beat by five years emissions-cap guidelines for the second phase of a federal program to reduce nitrogen oxide by 2010. "I'm worried I'm not being an effective communicator here," he says in frustration during an interview at the company's Dallas headquarters. Although it's the state...
...retirement funds, are pressing TXU, whose stock is up about 20% this year, about its aggressive coal strategies. In a letter last May, the two retirement funds, which manage $400 billion in assets, expressed worries about the company "exposing itself to unprecedented compliance costs" should it be forced to retrofit its new coal-fired plants for possible greenhouse-gas limits...