S.1733, the Clean Energy Jobs and American Power Act, has been approved by the U.S. Senate Committee on Environment and Public Works (EPW) by a vote of 11-1. The bill, sponsored by Sen. John Kerry, D-Mass., and Sen. Barbara Boxer, D-Calif., will now advance to the full Senate.

S.1733, the Clean Energy Jobs and American Power Act, has been approved by the U.S. Senate Committee on Environment and Public Works (EPW) by a vote of 11-1. The bill, sponsored by Sen. John Kerry, D-Mass., and Sen. Barbara Boxer, D-Calif., will now advance to the full Senate.

"S.1733 addresses a crucial issue of our time and advancing the bill is a necessary step on the road to garnering the 60 votes we need for a comprehensive bill that will be melded together from various Committees and Senators from different regions of the country," said Boxer, chairman of the EPW committee.

"This bill is already being worked on by Senators Kerry, Lieberman, Graham and others," she added.

Among other measures, the bill instructs the U.S. Environmental Protection Agency (EPA) to establish a program that will provide grants and other forms of assistance to renewable energy projects in states with renewable portfolio standards (RPS), according to a summary published by Kerry's office.

In addition, the bill includes a 3% overall RPS that will increase to 15% by 2021. Efficiency measures can satisfy up to 26.67% of a utility's RPS requirement - a stipulation that the Solar Energy Industries Association (SEIA) has criticized. SEIA has also expressed disagreement with the bill's exemption for utilities selling under 4 million MWh annually.

 Read More About It Here