"We are turning to the future," said House Speaker Nancy Pelosi.

The two bills, passed at an unusual Saturday session as lawmakers prepared to leave town for their monthlong summer recess, will be merged with legislation passed by the Senate in June.

On one of the most contentious and heavily lobbied issues, the House voted to require investor-owned electric utilities nationwide to generate at least 15 percent of their electricity from renewable energy sources such as wind or biofuels."

First off, with a raise in taxes on the oil companies, all of whom are publically owned (except Venezuela's Citgo), their profits will suffer as will our 401K's oil holdings, and other retirement accounts vested in the oil industry.  Secondly, to whom do you think they will pass the cost of the taxes?  You got it:  To the consumer, i.e., US!

The part that requires "investor-owned electric utilities nationwide to generate at least 15 percent of their electricity from renewable energy sources such as wind or biofuels" will cost us more money in our utility bills.  In Texas we have nuclear energy...it's only a matter of time before the lefties in Congress will put more taxes on nuclear power.  Their left wing moonbats are running the Democrat party, and that leaves the sane part of the Democrat party out of the equation. (Emphasis, mine)

I used to say, "Can't we give them some classes in basic economics?"  Now I know it would not do any good at all!  They are bought and paid for by the Michael Moore/Moveon.orgclones.  As I said, hang on to your wallets.