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Meeting the Need for Affordable and Reliable Electricity

by Samuel Wright Bodman
U.S. Secretary of Energy

President George W. Bush has always said the private sector is the key to securing a strong and stable energy sector. I want to affirm our commitment to working with the power-generation, transmission and distribution industry to meet the nation's need for affordable and reliable electricity.

The administration's approach to enhanced energy security covers three broad areas: increasing the supply of energy from clean, alternative power sources; improving energy efficiency so we can do more with less; and both upgrading and modernizing our energy infrastructure.

Clean Power Sources

Let me begin with the logical first step: creating the energy sources we need to maintain a healthy, growing economy. The president's Advanced Energy Initiative calls for additional spending – beginning with a 22 percent increase next year – to speed the development of alternative and renewable energy sources. We are focusing on wind and solar power, cellulosic ethanol, lithium ion batteries for use in hybrid-powered vehicles, and hydrogen fuel cells.

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