US Congress Senate Bill 1957 (Prior Session Legislation)

---

Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on October 28 2009 - 25% progression, died in chamber
Action: 2009-10-28 - Read twice and referred to the Committee on Energy and Natural Resources.
Text: Latest bill text (Introduced) [PDF]

Amends the Public Utility Regulatory Policies Act of 1978 (PURPA) to instruct the Secretary of Energy to make loans to publicly owned electric utilities to carry out qualified projects, approved by the Secretary, which comply with federal energy efficiency resource standards. Authorizes such loans to be used to: (1) finance or refinance the costs of the acquisition, construction, or improvement of an electric generation, transmission, distribution facility, or utility property or assets, including the costs of any indirect acquisition of such facility, utility property or assets; and (2) refinance bonds issued by specified state utilities. Authorizes the Secretary to disapprove a loan application for a project if the Secretary determines that revenues available to repay the loan are unlikely to be sufficient to cover its repayment obligations. Sets a maximum loan terms of 30 years. Authorizes appropriations.

A bill to amend the Public Utility Regulatory Policies Act of 1978 to authorize the Secretary of Energy to make loans to publicly owned electric utilities to finance and refinance projects to comply with any Federal energy efficiency resource standard, and for other purposes.

Sen. Charles Schumer [D-NY]

Date	Chamber	Action
2009-10-28		Read twice and referred to the Committee on Energy and Natural Resources.

Type	Source
Summary	https://www.congress.gov/bill/111th-congress/senate-bill/1957/all-info
Text	https://www.congress.gov/111/bills/s1957/BILLS-111s1957is.pdf