Mike Conaway: “Let me add one other thing that I left out. I had a conversation today with some folks from an energy electric company.…”

“Let me add one other thing that I left out. I had a conversation today with some folks from an energy electric company. We talk about energy, we ought to bifurcate the discussion. One is the electricity production, which is the bulk of the energy we use in this country, versus fuels that power cars and airplanes and trucks. They are looking at the impact that some of the proposals out there are with respect to increased costs in order to lower their CO2 emissions. They currently produce energy at almost 4 cents a kilowatt hour. Under the proposals that they are examining, which are led by the Democrats, they believe their costs will go to 11.8 cents a kilowatt hour. That doesn't mean just in the vacuum. But take your electric bill that you pay this month, or the one you pay in July when it is really high because of air conditioning, and multiply it by 2½. That will be kind of a rule of thumb as to what some of the proposals out there are doing for energy costs.”