FACTBOX: Provisions of House energy bill
(Reuters) - The House of Representatives on Thursday approved a broad energy bill to improve the fuel efficiency of cars and trucks by 40 percent, require utilities to produce more of their electricity from renewable energy sources and boost U.S. production of ethanol and other biofuels.
The U.S. Senate would also have vote on the measure, which the White House has said it will veto in its current form.
Major provisions of the House bill are: Improve Vehicle Fuel Economy
* Raises car and truck fuel efficiency to 35 miles per gallon (15 km per liter) by 2020.
* Cuts U.S. oil demand by 1.1 million barrels a day by 2020.
* Cuts greenhouse gases equal to what 28 million cars emit. Increased Biofuels Production
* Boosts mandated use of renewable fuels like ethanol to 36 billion gallons by 2022; supply from corn capped at 15 billion gallons.
* Ethanol from non-corn and farm wastes to reach 3 billion gallons in 2016 and rise to 21 billion gallons by 2022. Renewable Electricity Standard
* Requires utilities to generate 15 percent of their power from renewable sources likes solar energy and wind by 2020.
* The measure exempts municipal and other publicly-owned power plants, federal agencies and rural electric coops and small private utilities. Tax Incentives
* Provides $3,000 tax credit for plug-in hybrid vehicles.
* $2.2 billion in tax incentives for clean coal technology.
* Imposes $13 billion in taxes on oil companies.
* Gives $6.6 billion in tax credits for renewable sources. Improved Energy Standards for Appliances and Lighting
* Reduces energy use by refrigerators, freezers, dishwashers, clothes washers and in lighting.
* Requires government to substitute energy-efficient lighting for incandescent bulbs. Energy Savings in Buildings and Industry
* Requires improved energy efficiency in federal and commercial buildings.
* Boosts funding for federal program to help poor families weatherize their homes. Alternative Energy Research and Development
* Supports research to produce electricity from ocean waves.
* Improves life of batteries for hybrid electric vehicles.
* Develops geothermal energy resources to produce electric power from steam and hot water inside the earth. Carbon Capture and Sequestration
* Finds ways to capture and store carbon dioxide emissions from coal-fired power plants. Improved Management of Energy Policy
* Bans oil companies from energy market manipulation, imposes new civil and criminal penalties.
* Improve U.S. energy production by 2.5 percent by 2012. Other Provisions
* Encourages states to carry out transportation projects that reduce air pollution.
* Promotes short-sea shipping as an alternative to land-based freight transportation.
* Increases loan limits to help small businesses develop energy efficient technologies and purchases.
(Reporting by Tom Doggett; Editing by Marguerita Choy)
