S. 1175 · 111th Congress
A bill to amend the Public Utility Regulatory Policies Act of 1978 to authorize the Secretary of Energy to…
Full 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.
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Never voted on. It didn't reach a floor vote before the 111th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
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CantwellSponsorNo cosponsors.
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.
What it does: CRS summary · Introduced in Senate · Jun 3, 2009
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.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official 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.
Latest action (Jun 3, 2009): Read twice and referred to the Committee on Energy and Natural Resources.
Policy area: Energy · Origin: Senate · Introduced: Jun 3, 2009
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.