Skip to main content
S 2660 110th Congress Senate Energy Auditing Commerce Consumer protection Cost effectiveness Electric power transmission Electric utility rates Finance and Financial Sector

Consumer Protection and Cost Accountability Act

Introduced: February 25, 2008 Introduced by: Sanders, Bernard Independent · Vermont See on congress.gov
Sign in to write a letter Sign in to watch
 Everywhere this bill has been 3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Feb 25, 2008
Read twice and referred to the Committee on Energy and Natural Resources. (text of measure as introduced: CR S1126)
Feb 25, 2008
Sponsor introductory remarks on measure. (CR S1125-1126)
Feb 25, 2008
Introduced in Senate
 Plain-English summary Congressional Research Service

Consumer Protection and Cost Accountability Act - Amends the Federal Power Act to require the Federal Energy Regulatory Commission (FERC) to consider whether a rate or charge made, demanded, or received by a Transmission Organization (TO) would enable the TO to provide or facilitate reliable service to consumers at the lowest reasonable cost.

Instructs FERC, in determining whether a TO filing to establish or change a rate or charge is consistent with specified requirements, to consider whether the rate or charge would: (1) provide consumer benefits that outweigh any anticipated costs to consumers as demonstrated by a cost-benefit analysis submitted by the TO; or (2) have only a de minimis impact upon the total delivered costs to the consumer.

Directs FERC to ensure that each TO is subject to biennial, independent audits.

What's happening now February 25, 2008

Read twice and referred to the Committee on Energy and Natural Resources. (text of measure as introduced: CR S1126)

 Committees of jurisdiction 1
 Cosponsors 1
All 1 Republican 1