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S 1957 111th Congress Senate Energy Alternative and renewable resources Electric power generation and transmission Energy efficiency and conservation Government lending and loan guarantees

A bill to amend the Public Utility Regulatory Policies Act of 1978 to authorize the Secretary of Energy to make loans to publicly owned electric utilities to finance and refinance projects to comply with any Federal energy efficiency resource standard, and for other purposes.

Introduced: October 28, 2009 Introduced by: Schumer, Charles E. Democratic · New York 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
Oct 28, 2009
Read twice and referred to the Committee on Energy and Natural Resources.
Oct 28, 2009
Introduced in Senate
 Plain-English summary Congressional Research Service

Amends the Public Utility Regulatory Policies Act of 1978 (PURPA) to instruct the Secretary of Energy to make loans to publicly owned electric utilities to carry out qualified projects, approved by the Secretary, which comply with federal energy efficiency resource standards.

Authorizes such loans to be used to: (1) finance or refinance the costs of the acquisition, construction, or improvement of an electric generation, transmission, distribution facility, or utility property or assets, including the costs of any indirect acquisition of such facility, utility property or assets; and (2) refinance bonds issued by specified state utilities.

Authorizes the Secretary to disapprove a loan application for a project if the Secretary determines that revenues available to repay the loan are unlikely to be sufficient to cover its repayment obligations.

Sets a maximum loan terms of 30 years. Authorizes appropriations.


What's happening now October 28, 2009

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

 Committees of jurisdiction 1