,,ii #aadth ,,congress #ast ,session ,s4 #abhe ,,in ,,the ,,senate ,,of ,,the ,,united ,,states ,may #aa1 #bjae ,ms4 ,heitkamp 7for herself and ,mr4 ,manchin7 introduced the following bill2 which was read twice and referred to the ,committee on ,energy and ,natural ,resources ,a ,,bill ,to authorize the ,secretary of ,energy to enter into contracts to provide certain price stabilization support relating to electric generation units that use coal-based generation technology4 #a4 ,short title ,this ,act may be cited as the ,coal with ,carbon ,capture and ,sequestration ,act of #bjae4 #b4 ,findings ,congress finds that-- 7#a7 the high cost of installing and using technology to capture carbon dioxide from coal-fueled electric generating units can be mitigated by providing certainty1 for a limited period of time1 with respect to revenues from the sale of captured carbon dioxide2 7#b7 the volatility of crude oil prices that determine the price paid for carbon dioxide creates uncertain market prices for carbon dioxide that is purchased and used to recover crude oil or for other beneficial purposes2 7#c7 assistance to stabilize the price received for carbon dioxide captured during the use of coal provides a degree of certainty to debt providers and investors with respect to the revenues to be received from the sale of carbon dioxide2 and 7#d7 creating added certainty that captured carbon dioxide would receive a certain1 agreed upon price for a limited period of time would help to ensure that carbon capture and storage technology would be developed and used4 #c4 ,contracting authority of the ,secretary 7a7 ,definition of electric generation unit ,in this section1 the term electric generation unit means an electric generation unit that uses coal-based generation technology4 7b7 ,contracting authority ,beginning on the date of enactment of this ,act1 the ,secretary of ,energy may enter into binding contracts on behalf of the ,federal ,government1 the duration of which shall not exceed #be years1 with qualified parties to provide price stabilization support for electricity generated at an electric generation unit or carbon dioxide captured from an electric generation unit and sold to a purchaser for-- 7#a7 the recovery of crude oil2 or 7#b7 other purposes for which a commercial market exists4