Administrations Energy Tax Proposals Hearings Before the Committee On Finance

Cover Administrations Energy Tax Proposals Hearings Before the Committee On Finance
Administrations Energy Tax Proposals Hearings Before the Committee On Finance
United States Congress Senate Committee On Fina
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Dahlberg. [The prepared statement of Mr. Dahlberg appears in the appen- dix. ] Senator BAUCUS. Ms. Roy. 71 STATEMENT OF ELLEN S. ROY, VICE PRESIDENT, INTERCONTI- NENTAL ENERGY CORPORATION, BOSTON, MA, ON BEHALF OF NATIONAL INDEPENDENT ENERGY PRODUCERS Ms. Roy. Thank you. Mr. Chairman, my name is Ellen Roy. I am vice president and director of Intercontinental Energy Corporation, and the Chairperson of the Energy Tax Committee of the National Independent Energy Producers. I thank you for allowing... me to tes- tify here today. I am here to talk about three things. One, is to tell you a httle bit about the independent power industry and what we do; second, is to explain how the design of the energy tax can be improved to better serve the goals of conservation and efficient revenue collec- tion without putting an unfair burden on the ability of the inde- pendent power industry to compete; and third, is to show why pass- through of energy taxes for future, as well as existing IPP projects, is critical to the development of competition in the power indus- try — a goal that Congress recently reaffirmed when it passed the Nationsd Energy Policy Act in 1992.

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