Dear Bob,

 

The Green Agenda is at it again!  The New York State Attorney General has struck a deal with Xcel Energy, a Colorado based power company, forcing it to disclose to investors the potential costs of dealing with global warming.

 

That's right;  the New York State Attorney General apparently believes he can issue edicts from his perch atop Wall Street, dictating global warming policies for the entire country.  This is an outrageous abuse of power, and Congress needs to rein him in.

 

Below, I've included the story from the Rocky Mountain News.  You can also read it online here.

Xcel, New York AG strike climate pact

Xcel Energy and New York's attorney general struck a groundbreaking deal requiring Colorado's biggest electricity and natural gas supplier to tell Wall Street about potential costs tied to dealing with climate change.

The agreement paves the way for other power companies to follow suit.

In its annual report filed with federal securities regulators, Xcel will have to tell investors about the financial risks related to:

* Present and probable future climate change regulation and legislation;

* Lawsuits related to climate change;

* Projected increases in carbon emissions from planned coal-fired power plants;

* And strategies for curbing emissions of greenhouse gases.

"This landmark agreement sets a new industrywide precedent that will force companies to disclose the true financial risks that climate change poses to their investors," N.Y. Attorney General Andrew Cuomo said in a news release.

Xcel CEO Dick Kelly said in a release the accord "will enhance our already aggressive efforts to be responsible environmental stewards."

He added: "We previously provided detailed information concerning the expected impact of climate change and greenhouse gas emissions regulations on our operations, and under this agreement we will make even more detailed disclosures."