Report to Highlight Winners and Losers Under Congressional Global Warming Proposals

Ceres/NRDC Report Details Consumer Benefits, Power Industry Exposure of Cap-and-Trade Plans; Action on Hill Playing Out as Data Shows Utility CO2 Pollution Still Rising. A new analysis by Ceres and t

The Lieberman-Warner bill is expected to see floor action in the U.S. Senate in early June. The report analyzes the bill's benefits for consumers, energy efficiency efforts and clean energy technologies, including specific impacts it would have on electricity rates for an average household in Ohio.

Showing that carbon dioxide pollution from U.S. power companies is still rising, the report will be discussed at 11 a.m. EDT on April 24, 2008 during a live, phone-based national news conference with full Q&A.

News event speakers will be:

* Dan Lashof, science director at the Natural Resources Defense Council's Climate Center;

* Dan Bakal, director of electric power programs at Ceres;

* Eric Svenson, vice president of environmental health and safety at PSEG; and

* Melissa Lavinson, director of federal environmental affairs and corporate responsibility at PG&E.

The report was commissioned by Ceres, NRDC and two power companies, PSEG and PG&E.

TO PARTICIPATE: You can join this live, phone-based news conference (with full, two-way Q&A) at 11:00 a.m. EDT on April 24, 2008 by dialing 1 (800) 860-2442. Ask for the "Ceres NRDC climate bills report" news event.

CAN'T PARTICIPATE?: A streaming audio replay of the news event will be available on the Web at http://www.ceres.org/ as of 6 p.m. EDT on April 24, 2008.

Ceres is a leading coalition of investors, environmental groups and other public interest organizations working with US companies to address sustainability challenges such as climate change. Ceres also directs the Investor Network on Climate Risk, a network of 60 institutional investors with collective assets totaling $5 trillion focused on the business impacts of climate change. For more information, visit http://www.ceres.org/ or
The Natural Resources Defense Council is a national, nonprofit organization of scientists, lawyers and environmental specialists dedicated to protecting public health and the environment. Founded in 1970, NRDC has 1.2 million members and online activists, served from offices in New York, Washington, Chicago, Los Angeles, San Francisco and Beijing.

CONTACT: Ailis Aaron Wolf, +1-703-276-3265, aawolf@hastingsgroup.com, for Ceres; and Peyton Fleming of Ceres, 617-247-0700 x20 or fleming@ceres.org

/PRNewswire-USNewswire -- April 22/

First Call Analyst:
FCMN Contact:

Source: Ceres, Boston, MA; Natural Resources Defense Council, Washington, DC

Web Site: http://www.ceres.org/
http://www.incr.com/

2008-04-22 17:38:50 0342577 PRNEWSWIRE