Either the customers of the utility will have to pay higher rates to support the higher costs of new renewable energy or capital providers will be expected to take a haircut. In basically every prior case policy makers have essentially ringfenced energy suppliers from bearing the financial cost themselves and consumers are ultimately the ones who pay extra for renewable energy with business and industrial users often avoiding higher utility bills like in germany.
So basically, you might as well do what germany does and just force consumers to pay in the first place for higher electricity prices. That's a lot easier to administratively manage than having to collect new taxes from energy users.
I suppose conservatives might oppose such legislation because it would be an opposing view, but... well hell, who am I kidding. It's not like they have any other reason to exist now besides being contradictory.
This is arguably close to an optimal strategy for the GOP. If current demographic trends translate to the ballot box, the GOP may be less successful in future elections, at least in the near term. If a large number of GOP federal judges can be appointed for life to the bench, this puts in place at least a beachhead from which conservative economic and social policy from judicial activism can check any potential liberal influence from legislative or executive branches.
We all lose on this game plan.
And I think you're right about "riders" convoluting such legislation too much to make it too political. But there _is_ an inherent problem to transitioning to clean energy, and that's: What do we do with all those people in the "dirty" energy world? The original New Deal sought to employ people as a primary effect of building US infra. If it had just been focused on infra, it may have never got off the ground.
I found a archive of it here: https://www.heartland.org/publications-resources/publication...
Some quotes:
"We set a goal to get to net-zero, rather than zero emissions, in 10 years because we aren’t sure that we’ll be able to fully get rid of farting cows and airplanes that fast, but we think we can ramp up renewable manufacturing and power production, retrofit every building in America, build the smart grid, overhaul transportation and agriculture, plant lots of trees and restore our ecosystem to get to net-zero."
"we also need to start doing new things (like overhauling whole industries or retrofitting all buildings to be energy efficient)."
"Totally overhaul transportation by massively expanding electric vehicle manufacturing, build charging stations everywhere, build out highspeed rail at a scale where air travel stops becoming necessary, create affordable public transit available to all, with goal to replace every combustion-engine vehicle"
"A Green New Deal is a massive investment in renewable energy production and would not include creating new nuclear plants."
"The Green New Deal makes new fossil fuel infrastructure or nuclear plants unnecessary."
"Repair and upgrade U.S. infrastructure. ASCE estimates this is $4.6 trillion at minimum."
"The level of investment required is massive. Even if every billionaire and company came together and were willing to pour all the resources at their disposal into this investment, the aggregate value of the investments they could make would not be sufficient."
"How will you pay for it? The same way we paid for the New Deal, the 2008 bank bailout and extended quantitative easing programs. The same way we paid for World War II and all our current wars. The Federal Reserve can extend credit to power these projects and investments and new public banks can be created to extend credit."
"Promote justice and equity by stopping current, preventing future, and repairing historic oppression of frontline and vulnerable communities"
"Work with farmers and ranchers to create a sustainable, pollution and greenhouse gas free, food system that ensures universal access to healthy food and expands independent family farming"
Bonus quote:
"That would be pretty hard for Hawaii" - Sen Mazie Hirono on the air travel elimination plan
I highly suggest reading the FAQ and the bill (its only 14 pages) if you haven't it is laugh out loud funny.
They still must be drafting it because I don't see a document to take it's place yet.