● 12:00 p.m. to 1:30 p.m. ●
Thursday, March 20, 2014
DiMillo’s On the Water
25 Long Wharf
Illuminating Maine’s Energy Crisis:
Shedding Light on Maine’s Failed Cap-and-Trade Scheme
Mr. Paul Bachman
Director of Research
Beacon Hill Institute at Suffolk University
The Regional Greenhouse Gas Initiative (RGGI, pronounced “Reggie”) is a carbon dioxide cap and trade agreement between nine states in the Northeastern United States – Connecticut, Delaware, Maine, Maryland, Massachusetts, New Hampshire, New York, Rhode Island and Vermont. Its purpose is to reduce carbon dioxide emissions from qualified electrical power plants by auctioning allowances to emit carbon dioxide.
Since its inception in 2008, Mainers have paid more than $48 million dollars to purchase nearly 20 million allowances for an average cost of $2.41 each. Just last year, in 2013, RGGI changed its model rule to cut the number of allowances available for auction nearly in half to 91 million tons starting in 2014. As a result, electricity rates will soon increase dramatically.
RGGI is little more than a hidden tax collected on Maine energy consumers and is threatening the livelihood of Maine. Please join The Maine Heritage Policy Center for a special presentation by Paul Bachman, director of research at the Beacon Hill Institute, and discover what you can do to help repeal this failed energy program and re-invigorate Maine’s economy with lower electricity rates.
MHPC Member: $20 per person, inclusive of tax and gratuity.
For additional information, please contact Kate Clark
by phone at 207-321-2550 or by e-mail at firstname.lastname@example.org.