The industry

Exelon believes that global climate change is real and that we must begin to address the issue. In the short term, we are taking voluntary actions to reduce GHG emissions. Longer term, we support federal multipollutant legislation, including carbon dioxide (CO2), to rationalize the nation's air regulatory programs.

It is critical that we start now. We need the economic and regulatory certainty to invest in a low-carbon energy future.

We are planning the future of our company around our belief that we will eventually be required to operate in a carbon-constrained world."

I think the government will want to consult the companies that know how to [cut emissions] and have already demonstrated how to do it. And they'll probably have the most influence on the new policy.

[I]n private, 80-85% of my peers think carbon regulation is coming within ten years, but most sure don't want it now.

I believe based on discussions that we've had with the experts here in Washington that the probability that we will see legislation on climate change to be about 100 percent in the next five years."

Duke Energy favors a U.S. policy on climate change that ... is mandatory, not voluntary.... We look forward to working with Congress to establish a mandatory, economy-wide greenhouse gas reduction program that will be part of a global solution.

The [Senate Energy] committee has held hearings on climate change issues for nearly 30 years...The first one was in 1978 when I was still on staff. It's time to act.''