President Barack Obama’s new retirement accounts lack the most popular features of 401(k) plans. They offer no matching contributions, no prospect for eye-popping returns and no track record of employer support.
U.S. Senate Energy Committee Chairman Jeff Bingaman, a New Mexico Democrat, said in an interview on Bloomberg Television’s “Political Capital with Al Hunt,” airing this weekend, that while the nuclear emergency in Japan is “very significant and serious,” it is no repeat of the Chernobyl disaster in Ukraine 25 years ago.
U.S. Senator Jeff Bingaman says he’ll introduce legislation tomorrow requiring utility companies to get as much as 15 percent of their electricity from renewable sources such as wind turbines and solar panels.
Natural gas, which already is edging aside coal in American electricity generation, would be one of the biggest beneficiaries of a clean-energy mandate for utilities under consideration in Congress this year.