S. 2928 — Introduced in Senate

II 113th CONGRESS 2d Session S. 2928 IN THE SENATE OF THE UNITED STATES November 13, 2014Mr. Schumer introduced the following bill; which was read twice and referred to the Committee on Energy and Natural Resources A BILL To prohibit the Federal Energy Regulatory Commission from issuing certain decisions that will raise costs for ratepayers, and for other purposes. 1. Prohibition against certain FERC decisions that will raise costs for ratepayers (a) Cost-Benefit analysis Prior to issuing a decision described in subsection (b), the Federal Energy Regulatory Commission shall publish a cost-benefit analysis of such decision, including the likely financial impact of such decision on ratepayers. (b) Decisions This section applies to any decision by the Federal Energy Regulatory Commission that will— (1) authorize the creation of a new capacity zone; or (2) affect the supply and demand curves or models used to determine prices at points in a capacity zone. (c) Prohibition If the Federal Energy Regulatory Commission determines, through a cost-benefit analysis published under subsection (a), that a decision described in subsection (b) will raise costs for ratepayers, then the Commission may not issue such decision. (d) Effective date This section takes effect on January 1, 2014.