,,ii #aadth ,,congress #ast ,session ,s4 #acdf ,,in ,,the ,,senate ,,of ,,the ,,united ,,states ,may #ad1 #bjae ,ms4 ,murkowski introduced the following bill2 which was read twice and referred to the ,committee on ,energy and ,natural ,resources ,a ,,bill ,to require the ,secretary of ,energy to establish an e-prize competition pilot program to provide up to #d financial awards to eligible entities that develop and verifiably demonstrate technology that reduces the cost of electricity or space heat in a high-cost region4 #a4 ,short title ,this ,act may be cited as the ,e-,prize ,competition ,pilot ,program ,act of #bjae4 #b4 ,definitions ,in this ,act3 7#a7 ,competition ,board ,the term ,competition ,board means the competition board established under section #c7;a77#b74 7#b7 ,eligible entity ,the term eligible entity means any-- 7,a7 nonpublic entity2 or 7,b7 public-private partnership in which the private entity is more than #a_/b of the partnership4 7#c7 ,energy ,technology ,commercialization ,fund ,the term ,energy ,technology ,commercialization ,fund means the fund established under section #ajja7;e7 of the ,energy ,policy ,act of #bjje 7#db ,u4,s4,c4 #afcia74 7#d7 ,high-cost region ,the term high-cost region means a region in which the average cost of electrical power or space heat exceeds #aej percent of the national average retail cost1 as determined by the ,secretary4 7#e7 ,secretary ,the term ,secretary means the ,secretary of ,energy4 #c4 ,prize ,competition ,pilot ,program 7a7 ,in general ,the ,secretary shall-- 7#a7 establish a prize competition under which eligible entities compete to develop and verifiably demonstrate technology that reduces the cost of electricity or space heat in high-cost regions by at least #be percent2 7#b7 establish a ,competition ,board to award not more than #d prizes1 each in an amount of not more than #a1jjj1jjj2 and 7#c7 use for each award amounts made available to the ,energy ,technology ,commercialization ,fund4 7b7 ,duration ,the duration for the prize competition shall be not less than #b years or more than #e years4 7c7 ,selection ,in selecting a winner for each prize1 the ,competition ,board shall evaluate the technology based on the following criteria3 7#a7 ,cost-effectiveness and ease of installation and maintenance of the technology4 7#b7 ,amount by which the technology will decrease electricity or space heating costs in a high-cost region4 7#c7 ,ability of the technology to be deployed in a variety of climates and locations4 7#d7 ,ease of use of the technology4 7#e7 ,whether the technology is designed to be of immediate or imminent use4 7#f7 ,potential for private sector investment in the technology4 7#g7 ,potential of the technology to transform an existing industry or establish a new industry4