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Watch the Obama administration is set to release a new report today expected to -- support to the administration's call.
For -- trade system which would limit carbon dioxide emissions.
Now one energy company -- is warning that if the system becomes the law.
Consumers will ultimately pay the price.
Fox news's Rick Jensen joins us -- Washington DC bureau with much more.
Hey good morning Alexis and a cap and trade is still in congress lawmakers are all over the place when it comes to cap and trade.
Last month the house committee approved a bill aiming to cut carbon emissions to 17%.
Levels by 20/20.
Now Democrat opponents mostly environmentalists say the proposal will do little to curb global warming Republicans warn.
Americans will pay more for energy making that case duke energy -- power company is circulating a study in congress right now.
It shows cap and trade will increase electricity rates thirteen and a half percent per customers.
That's about eleven dollars a month and expect Democrats to hit back with a study of their -- this afternoon the administration releases an inter agency report.
On the effects of climate change also making the case for cap and trade.
Transportation secretary Ray LaHood housing and urban development secretary Shaun Donovan.
And Environmental Protection Agency administrator Lisa Jackson later this morning the three will testify before a senate committee on building greener communities.
Democrats are still planning Health Care Reform and an overall on financial regulations this summer.
With so much fighting left over cap and trade in both parties supporters -- the bill may not have the energy.
Make it out of congress this year.
Alexis back to you.
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