S. 427 · 109th Congress
Renewable Energy Investment Act of 2005
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Never voted on. It didn't reach a floor vote before the 109th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
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JeffordsSponsor11 cosponsors · 10 D, 1 R
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Boxer
MC
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Cantwell
CD
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Dodd
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Durbin
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Feinstein
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Kennedy
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Kerry
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Lautenberg
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Reed
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Snowe
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Schumer10 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.
Renewable Energy Investment Act of 2005 - Amends the Public Utility Regulatory Policies Act of 1978 to require retail electric suppliers to submit to the Secretary of Energy renewable energy credits in an amount equal to the required annual percentage of the retail electric supplier's total amount of kilowatt-hours of non-hydropower electricity sold to…
What it does: CRS summary · Introduced in Senate · Feb 17, 2005
Renewable Energy Investment Act of 2005 - Amends the Public Utility Regulatory Policies Act of 1978 to require retail electric suppliers to submit to the Secretary of Energy renewable energy credits in an amount equal to the required annual percentage of the retail electric supplier's total amount of kilowatt-hours of non-hydropower electricity sold to retail consumers during the previous calendar year (excluding incremental hydropower).
States that a renewable energy credit that is not used to satisfy the minimum requirement for that year may be carried over for use within the next two years.
Specifies a schedule of the minimum percentage of renewable energy sources that must be used to generate the total amount of non-hydropower electricity sold by each retail electric supplier during a calendar year (excluding incremental hydropower).
Directs the Secretary to: (1) establish a program to issue, monitor the sale or exchange of, and track renewable energy credits; and (2) make funds available under this Act to State energy agencies for grant programs for renewable energy research and development, and for loan guarantees to encourage construction of renewable energy facilities.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: Renewable Energy Investment Act of 2005
Latest action (Feb 17, 2005): Read twice and referred to the Committee on Energy and Natural Resources. (text of measure as introduced: CR S1642-1643)
Policy area: Energy · Origin: Senate · Introduced: Feb 17, 2005
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.