Oversight of the United States-Canada Free Trade Agreement: Hearings Before the Committee on Foreign Affairs and Its Subcommittees on International Economic Policy and Trade, and on Western Hemisphere Affairs, House of Representatives, One Hundredth Congress, Second Session, February 25 and March 16, 1988, Volume 4 |
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Administration agricultural Ambassador HOLMER Ambassador MURPHY American antidumping auto Auto Pact barrels per day barriers benefits BERMAN bilateral trade BONKER border BROOMFIELD Canada has agreed Canadian electricity Canadian energy Canadian Government Canadian subsidies Chairman FASCELL Committee competitive concerns CONGRESS THE LIBRARY cost countervailing duty countries Department of Energy economic electricity from Canada electricity imports eliminated energy security energy supplies energy trade export FERC Free Trade Agreement GATT GEJDENSON going Hydro-Quebec implementing legislation increase investment issue LAGOMARSINO LIBRARY OF CONGRESS MARTIN ment million multilateral natural gas negotiations opportunity Orman percent policies Prime Minister Mulroney problems question requirements restrictions rule of origin sector side sources statement States-Canada Free Trade Subcommittee tariffs Thank tion TORRICELLI trading partners U.S. and Canada U.S. consumers U.S. industries U.S. Trade Representative U.S.-Canada Free Trade United States-Canada Free uranium Uruguay Round utilities VENEMAN WOLPE YEUTTER
Popular passages
Page 98 - I hope to see the day when the American flag will float over every square foot of the British North American possessions...
Page 139 - COST ENERGY FOR THE US AND A GOOD MARKET FOR US PRODUCTS. Executive Branch officials have also made available to the Congress extensive Information — which I will not attempt to duplicate — on the advantages of the US -Canada Free Trade Agreement In assuring that Canada will continue to be a secure source of low cost energy for the US and a good market for US products. Instead, I will merely mention several of the provisions pointed out by Department of Energy Officials that have special Importance...
Page 140 - Electric utilities have an obligation to provide an adequate and reliable supply of electricity at lowest possible cost. As you know, electric utilities have an obligation to provide an adequate and reliable supply of electricity at the lowest possible cost. This Is a special problem In the Northeast where electricity costs tend to run higher than the national average. As pointed out earlier, NEES has converted 6 generating units to coal to diversify energy sources and provide electricity at lower...
Page 140 - ... cost than Is possible with the use of oil. He have also participated In NEPOOL arrangements to obtain electricity from Canada. Clearly, we would not be Interested In Importing electricity Into New England If it were not a low cost source of supply. 2. Low cost electricity helps hold down consumers' energy costs, leaving them more money to spend on other goods and services. Our actions to hold down electricity costs are providing Important economic benefits within and outside the New England region....
Page 145 - ... assessment of Canadian environmental requirements is warranted. Those who criticize Canadian environmental requirements should keep two important points in mind: a. Environmental requirements in Canada are different from requirements imposed in the US However, Canada differs substantially from the US in terms of industrial structure, geography, division of powers among levels of government and many other ways. It...
Page 137 - Coal-fired generation 1s not displaced as long as It remains less expensive than oil-fired generation. D. CANADA IS AN IMPORTANT SOURCE OF LOH COST ENERGY THAT BENEFITS US CONSUMERS AND THE US ECONOMY. AND PROVIDES AN IMPORTANT MARKET FOR US PRODUCTS. INCLUDING COAL. Extensive and detailed Information, which I shall not attempt to repeat, has already been made available to the Congress by the Executive Branch on the Important benefits of energy trade between the US and Canada. However, I will summarize...
Page 136 - Savings achieved by this system of "economic dispatch" are then shared among the participating utilities. 2. NEPOOL entered Into agreements with Hydro-Quebec for substantial amounts of Imported electricity at low cost. In 1983, Hydro-Quebec and New England officials reached agreement on the first phase of an arrangement under which the neighboring power systems agreed to build transmission facilities that would enable NEPOOL to Import 33 billion kl 1 1 watt-hours of electrical energy from Hydro-Quebec...
Page 135 - England region has experienced rapid increases in the demand for electricity and needs additional sources of supply. NEES Companies have been active in considering all alternatives for assuring an adequate and reliable supply of electricity at lowest cost for our customers. This includes new sources of supply and load management and conservation programs to hold down electricity demand.
Page 137 - NEPOOL's Load Duration Curve & Fuel Mix of Generation. This graph shows the mix of generation sources according to variable cost — with domestic hydro being lowest, followed by nuclear, coal, Imports from Hydro-Quebec, oil and, finally, peaking units (pumped storage and Internal combustion generating units).
Page 11 - ... Establish rules for the conduct of bilateral investment; o Resolve many outstanding bilateral trade issues; o Enhance the energy and national security of the two countries; o Facilitate business travel; and o Establish a timely bilateral dispute settlement mechanism. Economic Implications Each year the US and Canada exchange more goods and services than any two countries in the world. Bilateral trade in goods and services exceeded $150 billion in 1986. The elimination of tariffs and most other...