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"The climate bill unveiled by U.S. Senators John Kerry and Joseph Lieberman on Wednesday would reward many businesses for cutting output of greenhouse gases but could add costs for those who do not. Stocks | Global Markets Kerry and Lieberman hope that companies who see opportunities in energy conservation and low-carbon power will convince lawmakers to support the bill which needs 60 votes to pass. Utilities such as FPL Group (FPL.N), Duke Energy (DUK.N) and Exelon (EXC.N) have lobbied alongside environmental groups for the climate bill as has General Electric (GE.N), a manufacturer of clean coal and natural gas systems for power plants and wind turbines. Here are some initial reactions to the bill from companies and business groups:"

Growing power consumption and the U.S. administration's plan to rely more heavily on renewable generation sources will increase the demand on America's already overloaded electricity grid and require major investment in transmission and distribution networks. Upgrading power transmission and distribution systems is likely to cost as much as installing new generating capacity over the next 20 years. While Congress provided an extra $4.5 billion of funding for grid improvements in the recent fiscal stimulus, federal loan guarantees and other support, far more investment will be needed if the administration's targets for renewable generation are to be realized.

A GOP senator from the nation's leading coal-producing state contends Democrats will increase energy costs and make the U.S. more dependent on foreign oil if they focus solely on alternative energy. In the party's weekly radio and Internet address Saturday, Sen. John Barrasso, R-Wyo., said Republicans support a more comprehensive energy plan that would increase funding for energy research, develop U.S. oil and gas resources and promote clean coal and nuclear power.

Today, Secretary Steven Chu announced that the Department of Energy has closed on its loan offer of $5.9 billion to Ford Motor Company to transform factories across Illinois, Kentucky, Michigan, Missouri, and Ohio to produce more fuel efficient models. The loan is part of the Department's Advanced Technology Vehicles Manufacturing program, which supports the development of innovative, advanced vehicle technologies to create thousands of clean energy jobs while helping reduce the nation's dangerous dependence on foreign oil. The loan for Ford Motor Company is the first to be finalized since the program was appropriated in the fall of 2008. This announcement builds on steps taken by the Obama Administration earlier this week to require an average fuel economy of 35.5 miles per gallon in the year 2016. That standard will reduce oil consumption by an estimated 1.8 billion barrels, prevent greenhouse gas emissions of approximately 950 million metric tons, and save consumers more than $3,000 in fuel costs. The funding announced today will help Ford meet those targets.

* CO2 credits could help consumers -Congress budget arm * Senate Democrat in oil state worries about refinery jobs By Timothy Gardner WASHINGTON, Oct 14 (Reuters) - A U.S. cap-and-trade market on greenhouse gases should be designed carefully to avoid unfair economic pain in fossil fuel industries and other parts of the economy, experts told lawmakers on Wednesday. The aim of a cap-and-trade market on greenhouse gases at the center of the climate bill introduced by Senate leaders this month would transform the economy from being based on fossil fuels to more nuclear and renewable power. "The shifts will be significant," Douglas Elmendorf, director of the Congressional Budget Office, told a U.S. Senate Committee on Energy and Natural Resources hearing.

* CO2 credits could help consumers -Congress budget arm * Senate Democrat in oil state worries about refinery jobs By Timothy Gardner WASHINGTON, Oct 14 (Reuters) - A U.S. cap-and-trade market on greenhouse gases should be designed carefully to avoid unfair economic pain in fossil fuel industries and other parts of the economy, experts told lawmakers on Wednesday. The aim of a cap-and-trade market on greenhouse gases at the center of the climate bill introduced by Senate leaders this month would transform the economy from being based on fossil fuels to more nuclear and renewable power. "The shifts will be significant," Douglas Elmendorf, director of the Congressional Budget Office, told a U.S. Senate Committee on Energy and Natural Resources hearing.

One of the world's largest power generating companies caused horrendous birth defects, lung injuries, and other acute and chronic medical problems from illegally dumping 100 million pounds of toxic coal ash onto a pristine Caribbean beachfront, according to a groundbreaking mass tort lawsuit filed late November 4th against Arlington, Virginia-based AES Corporation ("AES"). The eight-count lawsuit on behalf of 11 plaintiffs, living and dead, from the small rural village of Arroyo Barril in the Dominican Republic was filed in Delaware Superior Court. Two of the children died after birth from catastrophic birth defects. Two boys survived: one with no arms; the other, born with his stomach outside his body, had to endure several surgeries. Another child was found -- in utero -- to have massive cranial defects and had to be aborted, according to Diane Paolicelli, Esq. of Levy Phillips & Konigsberg LLP in New York City. Paolicelli, who leads the firm's medical malpractice and catastrophic injury practice group, represents birth defect victims.

One of the world's largest power generating companies caused horrendous birth defects, lung injuries, and other acute and chronic medical problems from illegally dumping 100 million pounds of toxic coal ash onto a pristine Caribbean beachfront, according to a groundbreaking mass tort lawsuit filed late November 4th against Arlington, Virginia-based AES Corporation ("AES"). The eight-count lawsuit on behalf of 11 plaintiffs, living and dead, from the small rural village of Arroyo Barril in the Dominican Republic was filed in Delaware Superior Court. Two of the children died after birth from catastrophic birth defects. Two boys survived: one with no arms; the other, born with his stomach outside his body, had to endure several surgeries. Another child was found -- in utero -- to have massive cranial defects and had to be aborted, according to Diane Paolicelli, Esq. of Levy Phillips & Konigsberg LLP in New York City. Paolicelli, who leads the firm's medical malpractice and catastrophic injury practice group, represents birth defect victims.