,,ii #aadth ,,congress #ast ,session ,s4 #abbb ,,in ,,the ,,senate ,,of ,,the ,,united ,,states ,may #f1 #bjae ,ms4 ,murkowski introduced the following bill2 which was read twice and referred to the ,committee on ,energy and ,natural ,resources ,a ,,bill ,to amend the ,federal ,power ,act to provide for reports relating to electric capacity resources of transmission organizations and the amendment of certain tariffs to address the procurement of electric capacity resources1 and for other purposes4 #a4 ,short title ,this ,act may be cited as the ,continuity of ,electric ,capacity ,resources ,act 4 #b4 ,diversity of ,supply and ,continuity of ,electric ,capacity ,resources ,title ,,ii of the ,federal ,power ,act 7#af ,u4,s4,c4 #hbd et seq47 is amended by adding at the end the following3 #bbd4 ,diversity of supply and continuity of electric capacity resources 7a7 ,definitions ,in this subsection3 7#a7 ,bulk-power system2 transmission organization ,the terms bulk-power system and transmission organization have the meaning given the terms in section #bae4 7#b7 ,electric capacity resource ,the term electric capacity resource means an electric generating resource1 as measured by the maximum load-carrying ability of the resource1 exclusive of station use and planned1 unplanned1 or other outage or derating4 7#c7 ,regional reliability coordinator ,the term regional reliability coordinator has the meaning given the term reliability coordinator 7as defined by the ,electric ,reliability ,organization74 7b7 ,electric capacity resources report 7#a7 ,notice ,not later than #ad days after the date of enactment of this section1 the ,commission shall submit to each transmission organization with a tariff on file with the ,commission that includes provisions addressing the procurement of electric capacity resources notice that the transmission organization is required to file with the ,commission a report in accordance with paragraph 7#b74 7#b7 ,report ,not later than #ahj days after the date on which a transmission organization receives a notice under paragraph 7#a71 the transmission organization shall submit to the ,commission a report that-- 7,a7 7i7 identifies electric capacity resources that are available to the transmission organization as of the date of the report2 and 7ii7 describes the fuel sources and operational characteristics of each electric capacity resource identified under clause 7i72 7,b7 evaluates1 using generally accepted metrics1 the financial health1 viability1 and projected remaining years of service of the available electric capacity resources identified under subparagraph 7,a77i72 7,c7 identifies-- 7i7 over the short- and long-term periods in the planning cycle of the transmission organization1 announced and projected retirements of the available electric capacity resources2 7ii7 the projected future needs of the transmission organization for electric capacity resources2 and 7iii7 the availability of transmission facilities and transmission support services necessary to provide for the transmission organization reasonable assurances of essential reliability services1 including adequate voltage support2 7,d7 assesses the current and projected status of the reliability of the elements of the bulk-power system under the control of the transmission organization1 over the short- and long-term periods in the planning cycle of the transmission organization 7including the current and projected status of electric capacity resources71 as determined by the regional reliability coordinator that has been designated by the ,electric ,reliability ,organization to have oversight over the bulk-power system elements under the control of the transmission organization2 and 7,e7 prior to the submission of the report1 has been made available to members of the transmission organization and to the public for comment4 7c7 ,tariff amendments 7#a7 ,in general ,not later than #ahj days after the date on which the ,commission receives a report submitted under subsection 7b71 the transmission organization that submitted the report shall file with the ,commission-- 7,a7 #a or more tariff amendments that would achieve each of the objectives described in paragraph 7#b7 with respect to the transmission organization2 and 7,b7 supporting information that demonstrates the manner in which the amendments would achieve each of those objectives1 taking into account the report submitted under subsection 7b77#b74 7#b7 ,objectives ,the objectives referred to in paragraph 7#a7 are the following3 7,a7 ,a diverse generation portfolio and the availability of transmission facilities and transmission support services necessary to provide reasonable assurances of a continuous supply of electricity for customers of the transmission organization at the proper voltage and frequency4 7,b7 ,an enhanced opportunity for self-supply of electric capacity resources by electric cooperatives1 ,federal power marketing agencies1 and ,state utilities with a service obligation 7as those terms are defined in section #bag7;a771 with the term self-supply to be defined in the supporting information filed under paragraph 7#a74 7,c7 ,a reasonable assurance of short- and long-term reliability1 with the terms short-term reliability and long-term reliability to be defined by the applicable regional reliability coordinator referred to in subsection 7b77#b77;,d74 7,d7 ,a reasonable likelihood of prudent investment in1 and adequate fuel supply for1 existing and future electric capacity resources over the short- and long-term periods in the planning cycle identified in the applicable report submitted under subsection 7b77#b74 4 #c4 ,activities carried out under an authorization during war or emergency ,section #bjb7;c7 of the ,federal ,power ,act 7#af ,u4,s4,c4 #hbd;a7c77 is amended-- 7#a7 in the first sentence1 by striking 7c7 ,during and inserting the following3 7c7 ,authorization during war or emergency 7#a7 ,in general ,during 2 and 7#b7 by adding at the end the following3 7#b7 ,no liability ,any person subject to an order issued under this subsection shall not be liable for actions carried out in compliance with the order4 4