Natural Resources committee  We don't necessarily choose one option over the other. It is difficult for us to model. One scenario we have is what we call “continuing trends”, which takes into account all existing policy decisions. Those are changing rapidly. We're trying to model that. So that does make it difficult for us, but I think our work will help to give people a sense of what might be the long-term implications of some of these decisions, or what might be the pinch points that perhaps wouldn't be considered.

Natural Resources committee  I just want to summarize our thoughts here. First, we feel that cogeneration offers significantly improved efficiency in energy use. It can reduce the demand for primary fuels, reduce emissions per unit of energy consumed, and make lower-cost power available. There are also the benefits of more diverse sources of energy, with diversification in the locations of energy generation.

Natural Resources committee  Mr. Chairman, thank you for inviting me to speak to the committee. You have invited us here to speak about cogeneration, or the simultaneous production of thermal heat and electrical energy. While cogeneration is not the main focus of our work, it is nonetheless one of the many factors to be considered in our market and energy analyses.