US SB1175 | 2009-2010 | 111th Congress
Status
June 3 2009 - Read twice and referred to the Committee on Energy and Natural Resources.
Text: Latest bill text (Introduced) [PDF]
Text: Latest bill text (Introduced) [PDF]
Summary
Amends the Public Utility Regulatory Policies Act of 1978 (PURPA) to direct the Secretary of Energy to make loans to electric utilities to reduce their costs of complying with federal renewable energy standards and minimize the impact such standards have on consumers' electricity rates. Requires the use of such loans on projects that are approved by the Secretary, which may include the construction of renewable energy generation facilities or installation of energy efficiency or electricity demand reduction technology. Sets the interest rate on such loans, which may not exceed 30 years, at 0.5% more than the federal funds rate.
Title
A bill to amend the Public Utility Regulatory Policies Act of 1978 to authorize the Secretary of Energy to make loans to electric utilities to carry out projects to comply with any Federal renewable electricity standard, and for other purposes.
Sponsors
History
| Date | Chamber | Action |
|---|---|---|
| 2009-06-03 | Read twice and referred to the Committee on Energy and Natural Resources. |
Same As/Similar To
SB1462 (Related) 2009-07-16 - Placed on Senate Legislative Calendar under General Orders. Calendar No. 110.
Subjects
Alternative and renewable resources
Electric power generation and transmission
Government lending and loan guarantees
Interest, dividends, interest rates
Public utilities and utility rates
US Congress State Sources
| Type | Source |
|---|---|
| Summary | http://thomas.loc.gov/cgi-bin/bdquery/z?d111:SN01175:@@@L&summ2=m& |
| Text | http://gpo.gov/fdsys/pkg/BILLS-111s1175is/pdf/BILLS-111s1175is.pdf |
