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Gas Industry News (March 2007)   

Text Box: GE, AES Target Greenhouse Gas
Bloomberg News, January 17, 2007
Text Box: General Electric Co. and AES Corp. said Tuesday they plan to build methane-burning power plants in the United States that will cut 10 million tons of greenhouse gas emissions annually by 2010.
The companies are betting carbon dioxide and other gases that contribute to global warming will eventually be regulated in the U.S. with a system that issues credits to power generators with reduced greenhouse-gas emissions and penalizes those with high pollution rates.
The credits can then be sold to generators with high rates, such as those that burn coal to make electricity, which would use them to meet government air-quality mandates.
The reduction is the equivalent of the annual emissions of 2.2 million average cars, GE officials said.
GE and AES, a U.S. power-plant developer, will target methane gas from sources such as coal mines, landfills and manure from commercial farms that would otherwise escape into the atmosphere.