Some major Russian industries lobbied for the protocol, seeing it as a way to use the credits to modernize aging plants.
The panel warned that efforts by the defense secretary, Robert M. Gates, to cut waste would not free enough money to modernize aging ships and planes and close a "growing gap" between the size of the military and its missions.
WHEN Gov. M. Jodi Rell and state lawmakers imposed a hefty tax rate increase on gasoline wholesalers three years ago, the cost was passed on to consumers at the pump, and the new revenue was earmarked for an ambitious $2.3 billion transportation plan to help unclog highways and modernize aging transit systems.
Power companies are expected to invest more than a trillion dollars [17] in new electricity generation, transmission and distribution infrastructure in the coming years as they modernize aging generating facilities and grid systems.
The Pentagon recently embarked on a $355-billion program for modernizing each aging leg of the U.S. nuclear triad over the next decade.
Then, on Monday, Mayor Eric Garcetti added his support, calling the increase "critical to modernizing our aging electricity grid and bringing our power system into the 21st century".
The $355-billion price tag for modernizing the aging U.S. "nuclear triad" of bombers, submarines and land-based missiles over the next decade may not even be realistic, according to Jeffrey Lewis, an analyst with the James Martin Center for Nonproliferation Studies in Monterey.
WASHINGTON — Amtrak rolled out three new locomotives on Monday, the first step in the railroad's plan to modernize its aging fleet of trains.
The House has passed legislation to speed government contracts to modernize the aging fleet of tanker planes that dump suppressants on Western wildfires.
Ana Marengo, a spokeswoman for the city's Health and Hospitals Corporation, said that Coler-Goldwater Specialty Hospital and Nursing Facility on Roosevelt Island wanted to modernize its aging campus, which would be expensive to renovate.
