,i  #aaf? ,,congress  #b;d ,session  ,h4
 ,r4 #egdb  ,,9 ,,! ,,h\se ,,(          
,,repres5tatives  ,febru>y #c1 #bjbj,mr4
 ,ca/5 ( ,ill9ois 7= himself1 ,mr4 ,lev9
 ( ,cali=nia1 ,mr4 ,huffman1 & ,mr4     
,k5n$y7 introduc$ ! foll[+ bill2 :i* 0  
ref]r$ to ! ,committee on ,en]gy &      
,comm]ce  ,a ,,bill  ,to direct ! ,f$]al
 ,en]gy ,regulatory ,commission to f9d t
 c]ta9 rates = electricity are inh]5tly 
unju/ & unreasonable1 & = o!r purposes4 
#a4 ,%ort title ,?is ,act may be cit$ z 
! ,en]gy ,prices ,require ,includ+      
,climate ,ext]nalities ,act or z !      
,en]gy ,,price ,act4  #b4 ,purpose ,!   
purpose ( ?is ,act is to cl>ify ! int5t 
( ,congress :5 pass+ ! ,f$]al ,p[] ,act 
& to provide direction to ! ,f$]al      
,en]gy ,regulatory ,commission ) respect
 to :olesale electricity rates4  #c4    
,f9d+s ,congress makes ! foll[+ f9d+s3  
7#a7 ,:5 pass+ ! ,f$]al ,p[] ,act1      
,congress requir$ ! ,f$]al ,en]gy       
,regulatory ,commission 7! ,commission7 
to ensure t ! rates *>g$ by electric    

utilities =1 or 9 connection )1 :olesale
 electricity rates are j & reasonable1 a
 process :i* necess>ily includes !      
evaluation ( all factors affect+        
:olesale m>ket rates1 includ+           
environm5tal ext]nalities4  7#b7 ,!     
,f$]al ,p[] ,act requires ! ,commission 
to ensure t public utilities d n grant  
undue pref]5ce or advantage to1 or      
discrim9ate aga9/1 any p]son :5 mak+    
:olesale electricity sales4  7#c7       
,section #bjf7;a7 ( ! ,f$]al ,p[] ,act  
au?orizes ! ,commission to *ange any    
rates t ! ,commission det]m9es to be    
unju/1 unreasonable1 unduly             
discrim9atory or pref]5tial4  7#d7 ,9   
its f9al rule titl$ ,endang]m5t & ,cause
 or ,contribute ,f9d+s = ,gre5h\se      
,gases ,"u ,section #bjb7;a7 ( ! ,clean 
,air ,act publi%$ on ,decemb] #ae1 #bjji
 7#gd ,f$4 ,reg4 #ffdif71 !             
,environm5tal ,protection ,ag5cy f\nd t 
! emissions ( gre5h\se gases endang] bo?
 ! public heal? & ! public welf>e (     
curr5t & future g5]ations4  7#e7 ,!     

failure ( m>kets to int]nalize ! co/s ( 
gre5h\se gas pollution into ! co/ (     
products1 includ+ electricity1 l$ to a  
misallocation ( capital1 & !re=e to !   
emission ( a great] volume ( ^!         
pollutants4  7#f7 ,9 #aief1 ! ,supreme  
,c\rt held 9 ,f$]al ,p[] ,commission v4 
,si]ra ,pacific ,p[] ,company1 #cej     
,u4,s4 #cdh 7#aief71 t ! ,commission mu/
 ensure protection ( ! public int]e/ :5 
ex]cis+ its au?ority to set j &         
reasonable rates4  7#g7 ,! re/ructur+ ( 
! electricity indu/ry 9 ! ,f$]al ,p[]   
,act 0 int5d$ to promote competition    
among electricity provid]s1 result+ 9   
l[] electricity rates to consum]s1 high]
 quality s]vices1 & a m robu/ national  
economy4  7#h7 ,prior to re/ructur+1    
utility commissions 7 frequ5tly ask$ to 
consid] o!r societal b5efits :5 sett+   
rates1 includ+ access to en]gy1 rate    
equity betwe5 diff]5t classes ( cu/om]s1
 & environm5tal conc]ns4  7#i7 ,accord+ 
to ! ,environm5tal ,protection ,ag5cy1 9
 #bjag1 emissions f ! p[] sector        

contribut$ ! second highe/ %>e (        
gre5h\se gas emissions by economic      
sector4  7#aj7 ,! b5efits ( competition 
w n be a*iev$ if "s competitors enjoy an
 advantage result+ f ext]nalization (   
environm5tal co/s1 p]mitt+ !m to *>ge   
prices = electricity t d n reflect !    
full economic & environm5tal co/ (      
production4  7#aa7 ,despite !           
,environm5tal ,protection ,ag5cy's f9d+ 
( endang]m5t1 emissions ( gre5h\se gases
 into ! air1 :i* endang] public heal? & 
?reat5 ! quality ( ! air1 l&1 & wat] ( !
 ,unit$ ,/ates1 are ext]nalities t are n
 frequ5tly or uni=mly reflect$ 9 ! price
 *>g$ = products su* z electricity      
across ! ,unit$ ,/ates4  7#ab7 ,!       
disp>ity 9 regulatory treatm5t betwe5   
electric g5]at+ units ) above-av]age    
gre5h\se gas emissions & ^? ) little to 
no gre5h\se gas emissions provides a    
significant competitive advantage = high
 gre5h\se gas emitt+ en]gy g5]at+ units 
ov] _! competitors4  7#ac7 ,/ates &     
,/ate commissions %\ld be enc\rag$ to   

incorporate ! co/ ( gre5h\se gas        
emissions into :olesale rates =         
electricity4  #d4 ,c]ta9 rates unju/1   
unreasonable1 unduly discrim9atory1 or  
pref]5tial  7a7 ,9 g5]al ,= ! purposes (
 section #bje & section #bjf ( ! ,f$]al 
,p[] ,act 7#af ,u4,s4,c4 #hbd;d1        
#hbd;e71 if ! ,f$]al ,en]gy ,regulatory 
,commission det]m9es t a rate = !       
:olesale sale ( electricity does n      
incorporate ! co/ ( ext]naliz$ gre5h\se 
gas emissions to public heal?1 safety1  
or welf>e1 !n ! ,f$]al ,en]gy           
,regulatory ,commission %all f9d t su*  
rate is unju/1 unreasonable1 unduly     
discrim9atory1 or pref]5tial4  7b7      
,gre5h\se gas def9$ ,9 ?is subsection1 !
 t]m gre5h\se gas includes-- 7#a7 any   
gas id5tifi$ by ! ,environm5tal         
,protection ,ag5cy 9 ! f9al rule titl$  
,endang]m5t & ,cause or ,contribute     
,f9d+s = ,gre5h\se ,gases ,"u ,section  
#bjb7;a7 ( ! ,clean ,air ,act publi%$ on
 ,decemb] #ae1 #bjji 7#gd ,f$4 ,reg4    
#ffdif71 includ+ c>bon dioxide1         

hydrofluoroc>bons1 me?ane1 nitr\s oxide1
 p]fluoroc>bons1 & sulfur hexafluoride2 
&  7#b7 nitrog5 trifluoride4  7c7 ,rule 
( con/ruction ,no?+ 9 ?is section may be
 con/ru$ to affect or modify ! exi/+    
au?orities ( ! ,f$]al ,en]gy ,regulatory
 ,commission4