White House: New Light Bulb Standards Could Save Billions

President Obama announced
Monday that he has asked Energy Secretary Steven Chu to work toward stricter
government efficiency standards for light bulbs.

Coming just days
after the House approved the first comprehensive energy legislation ever
designed to mitigate the effects of global warming, the new initiative aims to
help improve energy efficiency and save consumers money.

The White House
says the new standards will save enough electricity between 2012 and 2042 to
power every home in the U.S. 
for up to 10 months, and will result in annual consumer savings of between $1
billion and $4 billion.