By passing the American Clean Energy and Security Act (ACES), or H.R. 2454, the U.S. House of Representatives set the U.S. on a course to create millions of new clean energy jobs and save consumers money on their electric and transportation bills. I blogged previously on our findings regarding jobs, electricity bills and transportation bills. As the white paper that pulls it all together explains:

• Combined with the American Reinvestment and Recovery Act (ARRA), ACES will help spur $150 billion in clean energy investments, which will create 1.7 million good-paying jobs throughout the United States.

• Clean energy investments also create 5.5 times as many jobs accessible to workers with few educational credentials and little work experience, compared to fossil-fuel investments - 871,000 such jobs.

• The average American household will save $6 per month on electricity bills under ACES. These modest savings are due to the bill's investments in and incentives for energy efficiency improvements, and also to the returning of 30% of allowance value back to consumers via regulated electric local distribution companies (LDCs.)

• ACES works with other clean energy policies to cut household transportation bills $14 per month. ACES allocates funding to produce the next generation of clean, fuel-efficient vehicles in the United States, which will complement the clean vehicle performance standards adopted by the Obama Administration. As a result, the American on-road fleet will go about 25% further on a gallon of gas over the next decade, and by 2020 Americans will drive more efficient vehicles and have lower household transportation costs.

By harnessing market forces to create a better energy policy, the American Clean Energy and Security Act will create new jobs and save Americans money on their electric and transportation bills.