By Devin Henry, The Hill.

The Obama administration is threatening to veto a House bill overhauling federal energy policy.

In a statement, the Office of Management and Budget said that the bill, from Rep. Fred Upton (R-Mich.), would “undermine already successful initiatives designed to modernize the nation's energy infrastructure and increase our energy efficiency.”

The White House hit the legislation for hurting Department of Energy programs designed to improve efficiency offerings and targeted provisions within the bill dealing with federal regulators’ oversight of energy systems.