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S 1175 111th Congress Senate Energy Alternative and renewable resources Electric power generation and transmission Government lending and loan guarantees Interest, dividends, interest rates Public utilities and utility rates

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.

Introduced: June 3, 2009 Introduced by: Cantwell, Maria Democratic · Washington See on congress.gov
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 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jun 3, 2009
Read twice and referred to the Committee on Energy and Natural Resources.
Jun 3, 2009
Introduced in Senate
 Plain-English summary Congressional Research Service

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.

What's happening now June 3, 2009

Read twice and referred to the Committee on Energy and Natural Resources.

 Committees of jurisdiction 1