The electric utility industry is clinging to an agreement for global warming legislation that puts 60 of the country's biggest investor-owned companies on record supporting a complex credit allocation system that bridges the historic divide between generators of coal, natural gas and nuclear power.
It is a fragile coalition with a steady supply of skepticism among its members as they gear up for a high-stakes political battle with Congress and the Obama White House.
"I think we're still together," Ralph Izzo, the president, chairman and CEO of New Jersey-based Public Service Enterprise Group Inc., said in an interview last week. "I'd love to know if we're not."
Sure enough, there are signs the group's consensus position (pdf) -- organized by the Edison Electric Institute trade group -- may be in trouble.
Michael Morris, the president and CEO of Columbus, Ohio-based American Electric Power Corp., triggered some headaches among his rivals ...