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HR 2529 110th Congress House Energy Administrative fees Administrative procedure Cogeneration of electric power and heat Commerce Cost effectiveness Department of Energy Earnings Economics and Public Finance Electric utilities Electric utility rates Energy conservation Energy efficiency Energy prices Federal Energy Regulatory Commission Finance and Financial Sector Gas industry Government Operations and Politics Independent regulatory commissions Investors

To establish efficiency resource standards for retail electricity and natural gas distributors, and for other purposes.

Introduced: May 24, 2007 Introduced by: Markey, Edward J. Democratic · Massachusetts See on congress.gov
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 Everywhere this bill has been 3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
May 24, 2007
Referred to the Subcommittee on Energy and Air Quality.
May 24, 2007
Referred to the House Committee on Energy and Commerce.
May 24, 2007
Introduced in House
 Plain-English summary Congressional Research Service

Amends the Public Utility Regulatory Policies Act of 1978 to prescribe efficiency resource standards for retail electricity and natural gas distributors.

Requires each retail electricity or natural gas distributor to undertake electricity and natural gas savings measures in each calendar year, beginning with 2009, that produce electricity and natural gas savings as a percentage of the distributor's base quantity at a specified applicable rate.

Instructs the Secretary of Energy to issue rules establishing a nationwide credit and credit trading system for electricity and natural gas savings.

Authorizes any person to apply to the Secretary for the establishment and certification of a not-for-profit Electric and Natural Gas Savings Corporation.

Directs the Federal Energy Regulatory Commission (FERC) to develop model provisions for mandatory adoption by state utility regulatory commissions regarding: (1) revenue stability and incentives for distributors; (2) nondiscriminatory identification of cost-effective savings opportunities; and (3) development of model language on revenue decoupling and shareholder incentives in ratemaking policies.

What's happening now May 24, 2007

Referred to the Subcommittee on Energy and Air Quality.

 Committees of jurisdiction 2