,i #aafth ,,congress #b;d ,session ,h4 ,r4 #ijed ,,in ,,the ,,house ,,of ,,representatives ,december #bh1 #bjbj,mr4 ,mc,kinley 7for himself and ,mr4 ,schrader7 introduced the following bill2 which was referred to the ,committee on ,energy and ,commerce1 and in addition to the ,committees on ,science1 ,space1 and ,technology1 ,ways and ,means1 ,natural ,resources1 ,transportation and ,infrastructure1 and ,oversight and ,reform1 for a period to be subsequently determined by the ,speaker1 in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned ,a ,,bill ,to advance clean power technology development and use through innovation and clean energy standards1 and for other purposes4 #a4 ,short title2 purposes 7a7 ,short title ,this ,act may be cited as the ,clean ,energy ,future ,through ,innovation ,act of #bjbj4 7b7 ,purposes ,the purposes of this ,act are-- 7#a7 to further develop1 demonstrate1 and deploy a broad range of advanced low- and zero-carbon power technologies1 including technologies related to the generation1 storage1 transmission1 security1 resilience1 and efficient use of electric power2 and 7#b7 to build a competitive market for advanced low- and zero-carbon technologies and a robust workforce1 supply chain1 and related legal1 commercial1 and physical infrastructure4 #b4 ,definitions2 table of contents 7a7 ,definitions ,except as otherwise provided1 in this ,act3 7#a7 ,secretary ,the term ,secretary means the ,secretary of ,energy4 7#b7 ,department ,the term ,department means the ,department of ,energy4 7b7 ,table of contents ,the table of contents for this ,act is as follows3 ,sec4 #a4 ,short title2 purposes4,sec4 #b4 ,definitions2 table of contents4,title ,i--,carbon ,capture1 ,utilization1 and ,storage,subtitle ,a--,research1 ,development1 and ,demonstration for ,carbon ,capture1 ,utilization1 and ,storage ,technologies,sec4 #aaa4 ,fossil energy objectives4,sec4 #aab4 ,carbon capture technologies4,sec4 #aac4 ,carbon storage validation and testing4,sec4 #aad4 ,carbon utilization4,sec4 #aae4 ,advanced energy systems4,subtitle ,b--,deployment of ,carbon ,capture1 ,utilization1 and ,storage with ,commercial-,scale ,electricity ,generation ,facilities,sec4 #aba4 ,deployment of carbon capture1 utilization1 and storage technology with commercial-scale electricity generation facilities4,subtitle ,c--,federal ,support for ,commercial ,deployment of ,carbon ,capture1 ,utilization1 and ,storage,sec4 #aca4 ,enhancement of carbon dioxide sequestration credit4,sec4 #acb4 ,reform of loan guarantee program4,sec4 #acc4 ,private activity bonds for carbon dioxide capture facilities4,sec4 #acd4 ,extension of publicly traded partnership ownership structure4,sec4 #ace4 ,production tax credit for certain electricity generation using carbon capture utilization and storage4,sec4 #acf4 ,elective payment of credit4,subtitle ,d--,support for ,carbon ,dioxide ,transportation and ,sequestration ,infrastructure,sec4 #ada4 ,securing geologic reservoirs for carbon dioxide4,sec4 #adb4 ,financial assistance for carbon dioxide sequestration infrastructure development4,sec4 #adc4 ,geologic carbon dioxide sequestration utilities4,sec4 #add4 ,coordinated ,federal permitting for carbon dioxide pipeline and sequestration facilities4,sec4 #ade4 ,interagency task force on carbon dioxide pipelines4,title ,,ii--,innovation in ,renewable ,energy1 ,energy ,efficiency1 and ,storage,sec4 #bja4 ,establishment of technology performance and cost targets4,sec4 #bjb4 ,advanced innovation and commercialization program4,sec4 #bjc4 ,updating mobile homes4,sec4 #bjd4 ,investment tax credits for energy battery storage1 offshore wind1 and certain hydropower technologies4,sec4 #bje4 ,extension of production tax credit for solar and on-shore wind4,sec4 #bjf4 ,renewal of qualifying advanced energy project credit4,sec4 #bjg4 ,performance-based tax credits for commercial and residential buildings4,sec4 #bjh4 ,extension of publicly traded partnership ownership structure to renewable energy projects4,sec4 #bji4 ,manufacturer credit for high-efficiency heat pumps and heat pump water heaters4,sec4 #baj4 ,other authorizations of appropriations4,title ,,iii--,existing and ,advanced ,nuclear ,power ,plants,sec4 #cja4 ,zero-emissions credit program4,sec4 #cjb4 ,investment tax credit for nuclear energy property4,sec4 #cjc4 ,expanding ,federal clean electricity purchasing requirements4,sec4 #cjd4 ,modernizing the ,nuclear ,regulatory ,commission4,sec4 #cje4 ,demonstration and early deployment of advanced nuclear reactors4,sec4 #cjf4 ,advanced nuclear fuel security program4,sec4 #cjg4 ,authorization of appropriations for loan guarantees for advanced nuclear facilities4,sec4 #cjh4 ,expanding the production tax credit for nuclear power4,sec4 #cji4 ,authorizations of appropriations for innovation in nuclear power4,title ,,iv--,clean ,electricity ,standard,sec4 #dja4 ,certification of cost-effective market penetration of clean electricity technologies4,sec4 #djb4 ,federal clean electricity standard4,sec4 #djc4 ,regional clean electricity planning models4,sec4 #djd4 ,stand-by emission performance standards4 ,i ,carbon ,capture1 ,utilization1 and ,storage ,a ,research1 ,development1 and ,demonstration for ,carbon ,capture1 ,utilization1 and ,storage ,technologies #aaa4 ,fossil energy objectives ,section #ifa of the ,energy ,policy ,act of #bjje 7#db ,u4,s4,c4 #afbia7 is amended-- 7#a7 in subsection 7a71 by adding at the end the following3 7#h7 ,improving the conversion1 use1 and storage of carbon dioxide produced from fossil fuels4 7#i7 ,lowering greenhouse gas emissions for all fossil fuel production1 generation1 delivery1 and utilization in electricity generation and other industry1 to the maximum extent possible4 7#aj7 ,preventing1 predicting1 monitoring1 and mitigating the unintended leaking of carbon dioxide or other fossil fuel-related emissions into the atmosphere4 7#aa7 ,developing carbon utilization technologies1 products1 and methods1 including carbon use and reuse for commercial application4 7#ab7 ,developing carbon capture technologies1 including direct air capture technologies4 2 7#b7 in subsection 7b71 by striking paragraphs 7#a7 through 7#c7 and inserting the following3 7#a7 #b1bjj1jjj1jjj for fiscal year #bjba2 7#b7 #b1bjj1jjj1jjj for fiscal year #bjbb2 7#c7 #b1bjj1jjj1jjj for fiscal year #bjbc2 7#d7 #b1bjj1jjj1jjj for fiscal year #bjbd2 and 7#e7 #b1bjj1jjj1jjj for fiscal year #bjbe4 2 and 7#c7 by striking subsections 7c7 through 7e7 and inserting the following3 7c7 ,limitation ,none of the funds authorized under this section may be used for ,fossil ,energy ,environmental ,restoration or ,import_/,export ,authorization4 4 #aab4 ,carbon capture technologies 7a7 ,carbon capture program ,section #ifb of the ,energy ,policy ,act of #bjje 7#db ,u4,s4,c4 #afbib7 is amended to read as follows3 #ifb4 ,carbon capture technologies 7a7 ,in general ,the ,secretary shall conduct a program of research1 development1 demonstration1 and commercial application of carbon capture technologies4 ,the program shall advance the development and use of-- 7#a7 carbon capture technologies in conjunction with coal and natural gas utilization in power systems and industry2 7#b7 innovations to improve the efficiency of1 and decrease emissions at1 existing power plants2 7#c7 advanced separation technologies and direct air capture technologies2 and 7#d7 carbon capture technologies used in conjunction with the production from fossil fuel of hydrogen or ammonia to be used in power systems4 7b7 ,coal applications ,in conducting the program under subsection 7a71 the ,secretary shall devote substantial resources to carbon capture technologies for coal applications4 7c7 ,large-,scale pilots 7#a7 ,in general ,in supporting technology development activities under this section1 the ,secretary is encouraged to support large-scale pilot projects that test carbon capture technologies on power systems4 ,support for such large-scale pilot projects shall be subject to the cost sharing requirements in section #ihh7;b74 7#b7 ,definition ,for purposes of this section1 the term large-scale pilot project means a pilot project that-- 7,a7 represents the scale of technology development beyond laboratory development and bench scale testing1 but not yet advanced to the point of being tested under operational conditions at commercial scale2 7,b7 represents the scale of technology necessary to gain the operational data needed to understand the technical and performance risks of the technology before the application of that technology at commercial scale or in commercial-scale demonstration2 and 7,c7 is large enough-- 7i7 to validate scaling factors2 and 7ii7 to demonstrate the interaction between major components so that control philosophies for a new process can be developed and enable the technology to advance from large-scale pilot plant application to commercial-scale demonstration or application4 7d7 ,cost and performance goals ,in carrying out the development1 demonstration1 and commercial application activities under subsection 7a71 the ,secretary shall consider cost and performance goals1 in order to advance development and deployment of carbon capture technologies that can become cost competitive in commercial applications4 7e7 ,carbon capture pilot test centers 7#a7 ,in general ,not later than #a year after the date of the enactment of the ,clean ,energy ,future ,through ,innovation ,act of #bjbj1 the ,secretary shall award grants to one or more entities for the operation of ,carbon ,capture ,test ,centers 7in this subsection referred to as the ,centers7 to provide unique testing capabilities for innovative power system technologies to capture carbon dioxide or otherwise produce a carbon dioxide stream suitable for utilization or storage4 7#b7 ,purpose ,the ,centers shall-- 7,a7 advance research1 development1 demonstration1 and commercial application of carbon capture technologies for power systems2 and 7,b7 test technologies that represent the scale of technology development beyond laboratory testing1 but not yet advanced to testing under operational conditions at commercial scale4 7#c7 ,application ,an entity seeking to operate a ,center under this subsection shall submit to the ,secretary an application at such time and in such manner as the ,secretary may require4 7#d7 ,criteria ,in evaluating applications to operate the ,centers under this subsection1 the ,secretary shall prioritize grants to applicants that meet one or more of the following criteria3 7,a7 ,the applicant has access to existing or planned research facilities with modular technology capabilities4 7,b7 ,the applicant is an institution of higher education with established expertise in engineering and design for carbon capture technologies1 or has a partnership with such an institution4 7,c7 ,the applicant has access to existing research and test facilities for precombustion1 postcombustion1 or oxy-combustion technologies4 7,d7 ,the applicant has capability to test integration of carbon capture technologies with utility-scale power plants4 7,e7 ,commercial market participants1 including equipment and technology suppliers and power generators1 are involved in the proposed ,center4 7#e7 ,considerations ,in awarding grants for the operation of the ,centers under this subsection1 the ,secretary shall ensure that-- 7,a7 the ,centers support pilot testing appropriate to diverse regions and resource characteristics2 and 7,b7 each ,center receiving such a grant demonstrates unique research capabilities1 unique regional benefits1 or new technology development opportunities4 7#f7 ,schedule ,each grant to operate a ,center under this subsection shall be awarded for a term of not more than #e years1 subject to the availability of appropriations4 ,the ,secretary may renew such #e-year term without limit1 subject to a rigorous merit review4 7#g7 ,cost sharing ,the ,secretary shall require cost sharing under this subsection in accordance with section #ihh7;b74 7#h7 ,termination ,the ,secretary may eliminate a ,center during any #e-year term described in paragraph 7#f7 if such ,center is found to be underperforming4 7f7 ,demonstration projects 7#a7 ,in general ,the ,secretary may fund commercial-scale demonstration projects for power systems that test the scale of technology necessary for commercial operation1 in accordance with this subsection4 7#b7 ,engineering and design studies ,the ,secretary is authorized to fund engineering and design studies for commercial-scale demonstration projects for power systems in addition to1 or in advance of1 issuing an award for a demonstration project under this subsection4 7#c7 ,application ,an entity seeking an award to conduct a demonstration project under this subsection shall submit to the ,secretary an application at such time and in such manner as the ,secretary may require4 7#d7 ,limitations ,the ,secretary may only provide an award under this subsection after reviewing each application regarding-- 7,a7 the financial strength of the applicant2 7,b7 the construction schedule for the proposed demonstration project2 7,c7 the market risk faced by the technology to be demonstrated2 and 7,d7 the experience of the applicant and construction contractor with similar projects4 7#e7 ,requirements ,a demonstration project funded under this subsection shall-- 7,a7 utilize technologies that have completed pilot-scale testing or the equivalent1 as determined by the ,secretary2 7,b7 secure and maintain agreements for the utilization or sequestration of captured carbon dioxide2 and 7,c7 upon completion1 demonstrate carbon capture technologies on a power system4 7#f7 ,cost sharing ,the ,secretary shall require cost sharing under this subsection in accordance with section #ihh4 7g7 ,definition of power system ,in this section1 the term power system means any electricity generating unit that utilizes fossil fuels to generate electricity provided to the electric grid or directly to a consumer4 7h7 ,authorization of appropriations ,for activities under this section1 there are authorized to be appropriated to the ,secretary-- 7#a7 #fjj1jjj1jjj for fiscal year #bjba2 7#b7 #fjj1jjj1jjj for fiscal year #bjbb2 7#c7 #fjj1jjj1jjj for fiscal year #bjbc2 7#d7 #fjj1jjj1jjj for fiscal year #bjbd2 and 7#e7 #fjj1jjj1jjj for fiscal year #bjbe4 4 7b7 ,,gao study 7#a7 ,in general ,the ,comptroller ,general of the ,united ,states shall conduct a study of the ,department's successes1 failures1 practices1 and improvements in carrying out demonstration projects for carbon capture technologies for power systems4 ,in conducting the study1 the ,comptroller ,general shall consider1 at a minimum-- 7,a7 applicant and contractor qualifications2 7,b7 project management practices at the ,department2 7,c7 economic or market changes and other factors impacting project viability2 7,d7 completion of third-party agreements1 including power purchase agreements and carbon dioxide offtake agreements2 7,e7 regulatory challenges2 and 7,f7 construction challenges4 7#b7 ,report ,not later than #c years after the date of enactment of this ,act1 the ,comptroller ,general of the ,united ,states shall submit to ,congress a report on the results of the study required under paragraph 7#a74 7#c7 ,consideration ,the ,secretary shall consider any relevant recommendations1 as determined by the ,secretary1 provided in the study required under paragraph 7#a71 and shall adopt such recommendations as the ,secretary considers appropriate4 7#d7 ,power system defined ,in this section1 the term power system means any electricity generating unit that utilizes fossil fuels to generate electricity provided to the electric grid or directly to a consumer4 #aac4 ,carbon storage validation and testing ,section #ifc of the ,energy ,policy ,act of #bjje 7#db ,u4,s4,c4 #afbic7 is amended to read as follows3 #ifc4 ,carbon storage validation and testing 7a7 ,carbon storage ,the ,secretary shall carry out a program of research1 development1 and demonstration for carbon storage4 ,the program shall-- 7#a7 in coordination with relevant ,federal agencies1 develop and maintain mapping tools and resources that assess the capacity of geologic storage formations in the ,united ,states2 7#b7 develop monitoring tools1 modeling of geologic formations1 and analyses to predict and verify carbon dioxide containment and account for sequestered carbon dioxide in geologic storage sites2 7#c7 research potential environmental1 safety1 and health impacts in the event of a leak to the atmosphere or to an aquifer1 and any corresponding mitigation actions or responses to limit harmful consequences2 7#d7 evaluate the interactions of carbon dioxide with formation solids and fluids1 including the propensity of injections to induce seismic activity2 7#e7 assess and ensure the safety of operations related to geologic sequestration of carbon dioxide2 7#f7 determine the fate of carbon dioxide concurrent with and following injection into geologic formations2 and 7#g7 provide information to ,state1 local1 and ,tribal governments1 the ,environmental ,protection ,agency1 and other appropriate entities1 to support development of a regulatory framework for commercial-scale sequestration operations that ensure the protection of human health and the environment4 7b7 ,geologic settings ,in carrying out research activities under this section1 the ,secretary shall consider a variety of candidate geologic settings1 including-- 7#a7 operating oil and gas fields2 7#b7 depleted oil and gas fields2 7#c7 residual oil zones2 7#d7 unconventional reservoirs and rock types2 7#e7 unmineable coal seams2 7#f7 deep saline formations2 7#g7 deep geologic systems that may be used as engineered reservoirs to extract economical quantities of brine from geothermal resources of low permeability or porosity2 7#h7 deep geologic systems containing in situ carbon dioxide mineralization formations2 and 7#i7 offshore geologic formations4 7c7 ,regional carbon sequestration partnerships 7#a7 ,in general ,the ,secretary shall carry out large-scale carbon sequestration demonstrations for geologic containment of carbon dioxide to collect and validate information on the cost and feasibility of commercial deployment of technologies for the geologic containment of carbon dioxide4 ,the ,secretary may fund new demonstrations or expand the work completed at one or more of the existing regional carbon sequestration partnerships4 7#b7 ,demonstration components ,each demonstration described in paragraph 7#a7 shall include longitudinal tests involving carbon dioxide injection and monitoring1 mitigation1 and verification operations4 7#c7 ,clearinghouse ,the ,national ,energy ,technology ,laboratory shall act as a clearinghouse of shared information and resources for the regional carbon sequestration partnerships and any new demonstrations funded under this section4 7#d7 ,report ,not later than #a year after the date of enactment of the ,clean ,energy ,future ,through ,innovation ,act of #bjbj1 the ,secretary shall provide to ,congress a report that-- 7,a7 assesses the progress of all regional carbon sequestration partnerships2 7,b7 identifies the remaining challenges in achieving carbon sequestration that is reliable and safe for the environment and public health2 and 7,c7 creates a roadmap to integrate geologic sequestration sites and carbon utilization with large sources of carbon dioxide in the ,united ,states economy4 7#e7 ,large-scale carbon sequestration demonstration ,for purposes of this subsection1 large-scale carbon sequestration demonstration means the injection of more than #a1jjj1jjj tons of carbon dioxide annually or injection at a scale that demonstrates the ability to inject and sequester several million metric tons carbon dioxide for at least #aj years4 7d7 ,integrated storage projects ,the ,secretary may carry out a program for purposes of transitioning the large-scale storage demonstrations under subsection 7c7 into integrated1 commercial storage complexes4 ,the program shall focus on-- 7#a7 qualifying geologic storage sites in order to accept large volumes of carbon dioxide acceptable for commercial contracts2 7#b7 understanding the technical and commercial viability of storage sites2 7#c7 developing the qualification processes that will be necessary for a diverse range of geologic storage sites to commercially accept carbon dioxide2 and 7#d7 any other activities the ,secretary deems necessary to transition the large-scale demonstration storage projects into commercial ventures4 7e7 ,cost sharing ,the ,secretary shall require cost sharing under this section in accordance with section #ihh4 7f7 ,federal data collection ,the ,secretary1 in coordination with other ,federal agencies including the ,united ,states ,geological ,survey1 shall continue and expand ongoing ,federal data collection and analysis activities related to carbon dioxide storage1 economics1 and spatial relationships on a local and regional scale1 in coordination with ,state and regional entities4 7g7 ,authorization of appropriations ,for activities under this section1 there are authorized to be appropriated to the ,secretary-- 7#a7 #bej1jjj1jjj for fiscal year #bjba2 7#b7 #bej1jjj1jjj for fiscal year #bjbb2 7#c7 #bej1jjj1jjj for fiscal year #bjbc2 7#d7 #bej1jjj1jjj for fiscal year #bjbd2 and 7#e7 #bej1jjj1jjj for fiscal year #bjbe4 4 #aad4 ,carbon utilization 7a7 ,program ,subtitle ,f of title ,,ix of the ,energy ,policy ,act of #bjje 7#db ,u4,s4,c4 #afbia et seq47 is amended by adding at the end the following3 #ifi4 ,carbon utilization 7a7 ,in general ,the ,secretary shall carry out a program of research1 development1 and demonstration for carbon utilization4 ,the program shall-- 7#a7 assess and monitor potential changes in life cycle carbon dioxide emissions1 and other environmental safety indicators of new technologies1 practices1 processes1 or methods1 used in enhanced hydrocarbon recovery2 7#b7 identify and evaluate novel uses for carbon1 including the conversion of carbon dioxide for commercial and industrial products1 such as-- 7,a7 chemicals2 7,b7 plastics2 7,c7 building materials2 7,d7 fuels2 7,e7 cement2 or 7,f7 products of coal utilization in power systems 7as such term is defined in section #ifb7;e771 or other applications2 and 7#c7 identify and develop alternative uses for coal1 including products derived from carbon engineering1 carbon fiber1 and coal conversion methods4 7b7 ,authorization of appropriations ,for activities under this section1 there are authorized to be appropriated to the ,secretary-- 7#a7 #ge1jjj1jjj for fiscal year #bjba2 7#b7 #ge1jjj1jjj for fiscal year #bjbb2 7#c7 #ge1jjj1jjj for fiscal year #bjbc2 7#d7 #ge1jjj1jjj for fiscal year #bjbd2 and 7#e7 #ge1jjj1jjj for fiscal year #bjbe4 4 7b7 ,study ,no later than one year following the date of enactment of the ,clean ,energy ,future ,through ,innovation ,act of #bjbj1 the ,secretary shall enter into an agreement with the ,national ,academies to conduct a study assessing the barriers and opportunities related to commercializing the utilization of carbon dioxide in the ,united ,states4 ,such study shall-- 7#a7 analyze the technical feasibility and related challenges to commercial utilization of carbon dioxide1 including-- 7,a7 creating a national system of carbon dioxide pipelines2 7,b7 mitigating environmental impacts2 and 7,c7 regional economic challenges and opportunities2 7#b7 identify potential markets1 industries1 or sectors that may benefit from greater access to commercial carbon dioxide2 7#c7 assess the current state of infrastructure and any necessary updates to allow for the integration of safe and reliable carbon dioxide transportation1 utilization1 and storage2 7#d7 estimate the economic impact of a well-integrated national carbon dioxide pipeline system2 7#e7 assess the global status and progress of carbon utilization technologies 7both chemical and biological7 in practice today that utilize waste carbon 7including carbon dioxide1 carbon monoxide1 methane1 and biogas7 from power generation1 biofuels production1 and other industrial processes2 7#f7 identify emerging technologies and approaches for carbon utilization that show promise for scale-up1 demonstration1 deployment1 and commercialization2 7#g7 analyze the factors associated with making carbon utilization technologies viable at a commercial scale1 including carbon waste stream availability1 economics1 market capacity1 energy1 and lifecycle requirements2 7#h7 assess the major technical challenges associated with increasing the commercial viability of carbon reuse technologies1 and identify the research and development questions that will address those challenges2 7#i7 assess current research efforts1 including basic1 applied1 engineering1 and computational1 that are addressing these challenges and identify gaps in the current research portfolio2 and 7#aj7 develop a comprehensive research agenda that addresses both long- and short-term research needs and opportunities4 #aae4 ,advanced energy systems ,subtitle ,f of title ,,ix of the ,energy ,policy ,act of #bjje 7#db ,u4,s4,c4 #afbia et seq47 is further amended by adding at the end the following3 #ifi;,a4 ,advanced energy systems 7a7 ,in general ,the ,secretary shall carry out a program of research1 development1 demonstration1 and commercial application of technologies that represent a significant change in the methods used to generate electricity from fuels and that will enable a step change in performance1 efficiency1 and cost of electricity1 and that reduce emissions from fossil fuel power generation in the following areas3 7#a7 ,high-efficiency turbines for any advanced power system that will lead to natural gas turbine combined cycle efficiency of #fg percent or combustion turbine efficiency of #ej percent4 7#b7 ,supercritical carbon dioxide1 with an emphasis on developing directly fired and indirectly fired cycles in the next #aj years4 7#c7 ,advanced combustion systems1 including oxy-combustion systems and chemical looping4 7#d7 ,gasification systems to enable carbon capture1 improve efficiency1 and reduce capital and operating costs4 7#e7 ,thermal cycling with ramping or rapid black start capabilities that do not compromise efficiency or environmental performance4 7#f7 ,small-scale and modular technologies with reduced carbon outputs or carbon capture that can support incremental power generation capacity needs4 7#g7 ,turbines and other technology for the use of hydrogen and ammonia generated from fossil fuels for power generation4 7b7 ,priority ,in carrying out the program under subsection 7a71 the ,secretary shall give priority to potentially transformational technologies that would enable very substantial improvements in performance1 efficiency1 or cost of electricity as compared to the technology in existence on the date of enactment of this section4 7c7 ,authorization of appropriations ,for activities under this section1 there are authorized to be appropriated to the ,secretary #a1bge1jjj1jjj for each of fiscal years #bjba through #bjbe4 4 ,b ,deployment of ,carbon ,capture1 ,utilization1 and ,storage with ,commercial-,scale ,electricity ,generation ,facilities #aba4 ,deployment of carbon capture1 utilization1 and storage technology with commercial-scale electricity generation facilities 7a7 ,in general ,subtitle ,b of title ,,iv of the ,energy ,policy ,act of #bjje 7#db ,u4,s4,c4 #aeiga et seq47 is amended by adding after section #dag the following3 #dah4 ,federal support for deployment of carbon capture1 utilization1 and storage with electricity generation 7a7 ,in general ,subject to the limitations in subsection 7b71 the ,secretary shall provide support for deployment and use of carbon capture1 utilization1 and storage at commercial-scale electricity generation facilities by entering into a contract for differences1 which may not exceed a term of more than #cj years1 to provide price certainty for the sale of the electricity generated by1 or carbon dioxide captured by1 an eligible power system to a third party4 7b7 ,limitations 7#a7 ,initial cap ,except as provided in paragraph 7#b71 the ,secretary may not provide support described in subsection 7a7-- 7,a7 for eligible power systems with more than #c gigawatt of cumulative electricity generating capacity2 or 7,b7 in a cumulative amount projected to have a value exceeding #aj1jjj1jjj1jjj4 7#b7 ,additional support required ,if the ,secretary determines1 based on the study undertaken pursuant to subsection 7c71 that additional support for the commercial-scale deployment of carbon capture1 utilization1 and storage at electricity generation facilities beyond that provided under paragraph 7#a7 is required to establish the market viability of carbon capture1 utilization and storage consistent with the purposes of this title1 the ,secretary may provide support under subsection 7a7 for additional eligible power systems with not more than #h gigawatts of additional cumulative electricity generating capacity4 7c7 ,study ,the ,secretary shall conduct a study to evaluate whether the support provided under subsection 7a71 combined with other ,federal programs and policies and with commercial technology deployments1 has established the market viability of using carbon capture1 utilization1 and storage at commercial-scale electricity generating facilities consistent with the purposes of this title4 ,the study shall be initiated no later than the earlier of-- 7#a7 the date the ,secretary reaches the initial cap on support for eligible power systems in subsection 7b77#a72 or 7#b7 the date that is #g years after the date of enactment of this section4 7d7 ,application 7#a7 ,in general ,an entity seeking support provided under subsection 7a7 shall submit to the ,secretary an application at such time and in such manner as the ,secretary may require4 7#b7 ,criteria ,in evaluating such an application1 the ,secretary shall consider technical1 financial1 and other factors that the ,secretary determines appropriate4 7e7 ,considerations ,in implementing subsection 7a71 the ,secretary shall seek to support the use of carbon capture1 utilization1 and storage with projects covering diverse fuel types and technologies1 including first-of-its-kind technology for carbon capture1 utilization1 and storage capacity4 7f7 ,definitions ,in this section3 7#a7 ,power system ,the term power system means an electricity generating unit that utilizes fossil fuels to generate electricity that is provided to the electric grid or directly to a consumer4 7#b7 ,eligible power system ,the term eligible power system means a power system that-- 7,a7 is equipped with carbon capture technology1 or otherwise produces a separate carbon dioxide stream that is suitable for utilization or storage2 7,b7 is designed to capture carbon dioxide that would otherwise be emitted by the power system2 and 7,c7 will utilize or store the captured carbon dioxide1 or has contracted with one or more other entities to utilize or store the captured carbon dioxide4 4 7b7 ,table of contents amendment ,the table of contents for the ,energy ,policy ,act of #bjje is amended by adding after the item relating to section #dag the following3 ,sec4 #dah4 ,federal support for deployment of carbon capture1 utilization1 and storage with electricity generation4 4 ,c ,federal ,support for ,commercial ,deployment of ,carbon ,capture1 ,utilization1 and ,storage #aca4 ,enhancement of carbon dioxide sequestration credit 7a7 ,extension of credit period ,section #de,q7a7 of the ,internal ,revenue ,code of #aihf is amended-- 7#a7 by striking #ab-year in paragraph 7#c77;,a7 and inserting #bj-year2 and 7#b7 by striking #ab-year in paragraph 7#d77;,a7 and inserting #bj-year4 7b7 ,extension of qualified facility construction beginning date ,section #de,q7d77#a7 of such ,code is amended by striking ,january #a1 #bjbd and inserting ,january #a1 #bjcc4 #acb4 ,reform of loan guarantee program ,section #agjc of the ,energy ,policy ,act of #bjje 7#db ,u4,s4,c4 #afeac7 is amended-- 7#a7 by striking subsection 7e7 and inserting the following3 7e7 ,qualification of facilities receiving tax credits or financial assistance ,notwithstanding any other provision of law1 a project that receives tax credits or other financial assistance for clean coal technology shall not be disqualified from receiving a guarantee under this subchapter4 2 and 7#b7 by inserting the following new subsection after subsection 7e73 7f7 ,implemention ,in implementing the authority under this section with respect to loan guarantees issued after the date of enactment of the ,clean ,energy ,future ,through ,innovation ,act of #bjbj1 the ,secretary shall-- 7#a7 adjust fees and application requirements to the scale of a project to ensure that the costs of preparing and submitting an application are not an undue barrier to participation by smaller1 lower risk projects2 7#b7 ensure that program credit rating requirements do not1 as applied1 act as an obstacle to participation in the loan guarantee program by first-of-a-kind projects1 consistent with the purpose of the loan guarantee program to enable debt financing for first-of-a-kind projects that would not otherwise have access to commercial debt markets2 and 7#c7 for first-of-a-kind projects1 cover the cost of the guarantee with appropriated funds rather than requiring the borrower to pay some or all of the cost of the guarantee under section #agjb7;b74 4 #acc4 ,private activity bonds for carbon dioxide capture facilities 7a7 ,in general ,section #adb7;a7 of the ,internal ,revenue ,code of #aihf is amended by striking or at the end of paragraph 7#ad71 by striking the period at the end of paragraph 7#ae7 and inserting 1 or1 and by adding at the end the following new paragraph3 7#af7 qualified carbon dioxide capture facilities4 4 7b7 ,qualified carbon dioxide capture facility ,section #adb of such ,code is amended by adding at the end the following new subsection3 7n7 ,qualified carbon dioxide capture facility 7#a7 ,in general ,for purposes of subsection 7a77#af71 the term qualified carbon dioxide capture facility means the eligible components of an industrial carbon dioxide facility4 7#b7 ,definitions ,for purposes of this subsection-- 7,a7 ,eligible component ,the term eligible component means1 with respect to any industrial carbon dioxide facility1 any component installed in such facility that-- 7i7 satisfies the requirements under paragraph 7#c71 and 7ii7 7,i7 is used for the purpose of capture1 treatment and purification1 compression1 transportation1 or on-site storage of carbon dioxide produced by such facility1 or 7,,ii7 is integral or functionally related and subordinate to a process described in section #dh;,b7c77#b7 7determined by substituting carbon dioxide for carbon monoxide74 7,b7 ,industrial carbon dioxide facility 7i7 ,in general ,the term industrial carbon dioxide facility means a facility that emits carbon dioxide 7including from any fugitive emissions source7 that is created as a result of any of the following processes3 7,i7 ,fuel combustion for electricity generation or other purposes4 7,,ii7 ,gasification for electricity generation or other purposes4 7,,iii7 ,bioindustrial4 7,,iv7 ,fermentation4 7,v7 ,any manufacturing industry described in section #dh;,b7c77#g74 7ii7 ,exceptions ,such term shall not include-- 7,i7 any geological gas facility1 or 7,,ii7 any air separation unit that does not qualify as gasification equipment or is not a necessary component of an oxy-fuel combustion process1 a supercritical carbon dioxide process1 or other advanced power system4 7iii7 ,geological gas facility ,the term geological gas facility means a facility that-- 7,i7 produces a raw product consisting of gas or mixed gas and liquid from a geological formation1 7,,ii7 transports or removes impurities from such product1 or 7,,iii7 separates such product into its constituent parts4 7#c7 ,capture and storage requirement ,for purposes of this subsection-- 7,a7 ,in general ,except as provided in subparagraph 7,b71 a component shall not be treated as meeting the requirements of this paragraph with respect to an industrial carbon dioxide facility unless such component has a capture and storage percentage that is at least #fe percent4 7,b7 ,exception ,in the case of an industrial carbon dioxide facility with a capture and storage percentage that is less than #fe percent1 a component with respect to such facility shall not be treated as meeting the requirements of this paragraph unless the percentage of the cost of such component that is financed by tax-exempt bonds is not greater than such capture and storage percentage4 7,c7 ,capture and storage percentage 7i7 ,in general ,the capture and storage percentage shall be an amount1 expressed as a percentage1 equal to the quotient of-- 7,i7 the total metric tons of carbon dioxide annually captured1 transported1 and injected into a facility for geologic storage1 or an enhanced oil or gas recovery well followed by geologic storage1 divided by 7,,ii7 the total metric tons of carbon dioxide which would otherwise be released into the atmosphere each year as industrial emission of greenhouse gas if the component were not installed in the industrial carbon dioxide facility4 7ii7 ,limited application of eligible components ,in the case of eligible components that are designed to capture carbon dioxide solely from specific sources of emissions or portions thereof within an industrial carbon dioxide facility1 the capture and storage percentage under this subparagraph shall be determined based only on such specific sources of emissions or portions thereof4 4 7c7 ,volume cap ,section #adf7;g77#d7 of such ,code is amended by striking paragraph 7#aa7 of section #adb7;a7 7relating to high-speed intercity rail facilities7 and inserting paragraph 7#aa7 or 7#af7 of section #adb7;a74 7d7 ,clarification of private business use ,section #ada7;b77#f7 of such ,code is amended by adding at the end the following new subparagraph3 7,c7 ,clarification relating to qualified carbon dioxide capture facilities ,for purposes of this subsection1 the sale of carbon dioxide produced by a qualified carbon dioxide capture facility 7as defined in section #adb7n77 which is owned by a governmental unit shall not constitute private business use4 4 7e7 ,effective date ,the amendments made by this section shall apply to obligations issued after the date of enactment of this ,act4 #acd4 ,extension of publicly traded partnership ownership structure 7a7 ,in general ,section #ggjd7;d77#a77;,e7 of the ,internal ,revenue ,code of #aihf is amended-- 7#a7 by striking income and gains derived from the exploration and inserting income and gains derived from any of the following3 7i7 ,the exploration 2 and 7#b7 by inserting a period after #dj;,a7d77#a7 and inserting thereafter the following3 7ii7 ,the production1 storage1 or transportation of any fuel which-- 7,i7 uses carbon dioxide captured from an anthropogenic source or the atmosphere as its primary feedstock1 and 7,,ii7 is determined by the ,secretary1 in consultation with the ,secretary of ,energy and the ,administrator of the ,environmental ,protection ,agency1 to achieve a reduction of not less than a #fj percent in lifecycle greenhouse gas emissions 7as defined in section #baa7o77#a77;,h7 of the ,clean ,air ,act7 compared to baseline lifecycle greenhouse gas emissions 7as defined in section #baa7o77#a77;,c7 of such ,act74 ,this clause shall not apply to any fuel which uses as its primary feedstock carbon dioxide which is deliberately released from naturally occurring subsurface springs4 7iii7 ,the production of any product or the generation of electric power from a project-- 7,i7 which meets the requirements of subparagraphs 7,a7 and 7,b7 of section #dh;,b7c77#a71 and 7,,ii7 not less than #ge percent of the total carbon dioxide emissions of which is qualified carbon oxide 7as defined in section #de,q7c77 which is disposed of or utilized as provided in paragraph 7#f74 7iv7 ,the generation or storage of electric power 7including associated income from the sale or marketing of energy1 capacity1 resource adequacy1 and ancillary services7 produced from any power generation facility which is1 or from any power generation unit within1 a qualified facility under section #de,q7d7 and not less than #ej percent 7#cj percent in the case of a facility or unit placed in service before ,january #a1 #bjag7 of the total carbon dioxide emissions of which is qualified carbon oxide which is disposed of or utilized as provided in paragraph 7#g74 7v7 ,the sale of any good or service from any facility 7other than a power generation facility7 which is a qualified facility described in section #de,q7c7 and the captured qualified carbon oxide 7as so defined7 of which is disposed of as provided in paragraph 7#f74 4 7b7 ,disposal and utilization of captured carbon dioxide ,section #ggjd7;d7 of such ,code is amended by adding at the end the following new paragraph3 7#f7 ,disposal and utilization of captured carbon dioxide ,for purposes of clauses 7iii77,,ii7 and 7iv77,,ii7 of paragraph 7#a77;,e71 carbon dioxide is disposed of or utilized as provided in this paragraph if such carbon dioxide is-- 7,a7 placed into secure geological storage 7as determined under section #de,q7f77#b771 7,b7 used as a tertiary injectant 7as defined in section #de,q7e77#c77 in a qualified enhanced oil or natural gas recovery project 7as defined in section #de,q7e77#b77 and placed into secure geological storage 7as so determined71 7,c7 fixed through photosynthesis or chemosynthesis 7including through the growing of algae or bacteria71 7,d7 chemically converted to a material or chemical compound in which it is securely stored1 or 7,e7 used for any other purpose which the ,secretary determines has the potential to strengthen or significantly develop a competitive market for carbon dioxide captured from man-made sources4 4 7c7 ,effective date ,the amendments made by this section shall take effect on the date of the enactment of this ,act1 in taxable years ending after such date4 #ace4 ,production tax credit for certain electricity generation using carbon capture utilization and storage 7a7 ,in general ,subpart ,d of part ,,iv of subchapter ,a of chapter #a of the ,internal ,revenue ,code of #aihf is amended by adding at the end the following new section3 #de,u4 ,electricity produced using carbon capture utilization and storage technology 7a7 ,general rule ,for purposes of section #ch1 the carbon capture production credit for any taxable year is an amount equal to-- 7#a7 in the case of a qualified facility using fossil fuels1 the product of-- 7,a7 the megawatt hours of electricity-- 7i7 produced by the taxpayer at a qualified facility during the #bj-year period beginning on the date the facility was originally placed in service1 and 7ii7 sold by the taxpayer to an unrelated person during the taxable year1 multiplied by 7,b7 7i7 #cj per megawatt hour in the case of a qualified facility storing carbon in secure geological storage1 or 7ii7 #bd per megawatt hour in the case of a qualified facility using captured carbon oxide as a tertiary injectant in a qualified enhanced oil or natural gas recovery project1 multiplied by 7,c7 the discount factor1 7#b7 in the case of electricity generation facilities using exclusively qualified hydrogen1 qualified ammonia1 or qualified blends1 the product of-- 7,a7 the megawatt hours of electricity-- 7i7 produced by the taxpayer at a qualified facility during the #bj-year period beginning on the date the facility was originally placed in service1 and 7ii7 sold by the taxpayer to an unrelated person during the taxable year1 multiplied by 7,b7 #ajj per megawatt hour4 7b7 ,definitions ,for purposes of this section3 7#a7 ,discount factor ,the term discount factor means an amount equal to #ij divided by the annual carbon dioxide emissions rate expressed in pounds per megawatt-hour for a qualified facility1 except that-- 7,a7 if the annual carbon dioxide emissions rate for a qualified facility is less than #ij pounds per megawatt-hour1 the discount factor is equal to #a1 and 7,b7 if the annual carbon dioxide emissions rate for a qualified facility is greater #ahj pounds per megawatt-hour1 the discount factor is equal to #j4 7#b7 ,qualified ammonia ,the term qualified ammonia means ammonia fuel produced with less than #ag4e pounds of carbon dioxide emissions per million ,btu of gross fuel heating value4 7#c7 ,qualified blend ,the term qualified blend means a blend of qualified hydrogen or qualified ammonia with fossil fuel in which the fossil fuel provides no more than #cj percent of the heating value input4 7#d7 ,qualified facility ,the term qualified facility means an electricity generation plant that-- 7,a7 is equipped with carbon capture equipment1 the construction of which commenced before ,january #a1 #bjcc1 7,b7 captures carbon oxide using carbon capture equipment1 7,c7 stores captured carbon oxide in secure geological storage or uses captured carbon oxide as a tertiary injectant in a qualified enhanced oil or natural gas recovery project1 and 7,d7 has not been the basis for a credit received under section #de,q4 7#e7 ,qualified hydrogen ,the term qualified hydrogen means hydrogen fuel produced with less than #ag4e pounds of carbon dioxide emissions per million ,btu of gross fuel heating value4 4 7b7 ,part of general business credit ,section #ch7;,b7 of such ,code is amended by striking plus at the end of paragraph 7#cb71 by striking the period at the end of paragraph 7#cc7 and inserting 1 plus1 and by adding at the end the following new paragraph3 7#cd7 the carbon capture production credit under section #de,u7a74 4 7c7 ,clerical amendment ,the table of sections for subpart ,d of part ,,iv of subchapter ,a of chapter #a is amended by adding at the end the following new item3 ,sec4 #de,u4 ,electricity produced using carbon capture utilization and storage technology4 4 7d7 ,effective date ,the amendments made by this section shall apply with respect to electricity sold and produced after the date of the enactment of this ,act4 #acf4 ,elective payment of credit 7a7 ,subchapter ,b of chapter #fe of the ,internal ,revenue ,code is amended by adding at the end the following new section3 #fdca4 ,elective payment of credits relating to carbon oxide sequestration 7a7 ,election ,in the case of a taxpayer making an election 7at such time and in such manner as the ,secretary may provide7 under this section with respect to any portion of an applicable credit1 such taxpayer shall be treated as making a payment against the tax imposed by subtitle ,a for the taxable year equal to the amount of such portion4 7b7 ,definitions and special rules ,for purposes of this section-- 7#a7 ,governmental entities treated as taxpayers ,in the case of an election under this section-- 7,a7 any ,state or local government1 or a political subdivision thereof1 or 7,b7 an ,indian ,tribal government1 shall be treated as a taxpayer for purposes of this section and determining any applicable credit4 7#b7 ,applicable credit ,the term applicable credit means each of the following credits that would 7without regard to this section7 be determined with respect to the taxpayer3 7,a7 ,a carbon oxide sequestration credit under section #de,q4 7,b7 ,a carbon capture production credit under section #de,u4 7#c7 ,indian tribal government ,the term ,indian ,tribal government shall have the meaning given such term by section #aci;,e4 7#d7 ,timing ,the payment described in subsection 7a7 shall be treated as made on-- 7,a7 in the case of any government1 or political subdivision1 to which paragraph 7#a7 applies and for which no return is required under section #fjaa or #fjcc7;a71 the later of the date that a return would be due under section #fjcc7;a7 if such government or subdivision were described in that section or the date on which such government or subdivision submits a claim for credit or refund 7at such time and in such manner as the ,secretary shall provide71 and 7,b7 in any other case1 the later of the due date of the return of tax for the taxable year or the date on which such return is filed4 7#e7 ,waiver of special rules ,in the case of an election under this section1 the determination of any applicable credit shall be without regard to paragraphs 7#c7 and 7#d77;,a77i7 of section #ej7;b74 7c7 ,exclusion from gross income ,gross income of the taxpayer shall be determined without regard to this section4 7d7 ,denial of double benefit ,solely for purposes of section #ch1 in the case of a taxpayer making an election under this section1 the applicable credit shall be reduced by the amount of the portion of such credit with respect to which the taxpayer makes such election4 4 7b7 ,clerical amendment ,the table of sections for subchapter ,b of chapter #fe is amended by adding at the end the following new item3 ,sec4 #fdcb4 ,elective payment of credits related to carbon oxide sequestration4 4 ,d ,support for ,carbon ,dioxide ,transportation and ,sequestration ,infrastructure #ada4 ,securing geologic reservoirs for carbon dioxide 7a7 ,in general ,subtitle ,b of title ,,iv of the ,energy ,policy ,act of #bjje 7#db ,u4,s4,c4 #aeiga et seq47 is further amended by adding after section #dah 7as added by this ,act7 the following new section3 #dai4 ,securing geologic reservoirs for storage of carbon dioxide 7a7 ,in general ,the ,secretary shall establish a program to-- 7#a7 identify geological formations that are capable of storing1 cumulatively1 at least #bej1jjj1jjj tons of carbon dioxide with a target storage cost of less than #aj per ton2 7#b7 assess the cost of developing and operating a carbon dioxide sequestration facility at the geological formations identified under paragraph 7#a72 and 7#c7 support the development of such carbon dioxide sequestration facility by providing grants or other appropriate financial assistance to storage facility developers to-- 7,a7 secure property rights that are necessary to enable carbon dioxide storage in such geologic formations2 and 7,b7 obtain necessary permits and approval to enable carbon dioxide storage in such geologic formations4 7b7 ,geographic diversity ,the ,secretary shall carry out subsection 7a7 with the goal of supporting development of carbon dioxide sequestration facilities that are capable of storing significant volumes of carbon dioxide at reasonable cost in each of the regions covered by the regional carbon sequestration partnerships established pursuant to section #ifc4 7c7 ,application ,an entity seeking a grant or other appropriate financial assistance provided under this section shall submit to the ,secretary an application at such time and in such manner as the ,secretary may require4 7d7 ,cost sharing ,the ,secretary shall consider the activities described under subsection 7a77#c7 to be subject to the cost share requirement for demonstration and commercial application activities under section #ihh7;c74 4 7b7 ,table of contents amendment ,the table of contents for the ,energy ,policy ,act of #bjje is further amended by adding after the item relating to section #dah 7as added by this ,act7 the following3 ,sec4 #dai4 ,securing geologic reservoirs for storage of carbon dioxide4 4 #adb4 ,financial assistance for carbon dioxide sequestration infrastructure development 7a7 ,in general ,subtitle ,b of title ,,iv of the ,energy ,policy ,act of #bjje 7#db ,u4,s4,c4 #aeiga et seq47 is further amended by adding after section #dai 7as added by this ,act7 the following new section3 #dbj4 ,carbon dioxide sequestration infrastructure development 7a7 ,in general ,the ,secretary shall establish a program to provide grants to support-- 7#a7 the development of carbon dioxide pipeline infrastructure that is necessary to support the transportation of the volumes of carbon dioxide that are expected to be captured at electricity generation facilities to appropriate sites for long term sequestration1 giving priority to pipeline projects of significant length and significant throughput capacity2 and 7#b7 the development of geologic sequestration facilities that are necessary to support long-term sequestration of the volumes of carbon dioxide that are expected to be captured at electricity generation facilities4 7b7 ,application ,applications for a grant provided under this section shall be submitted at such time and in such manner as the ,secretary may require4 7c7 ,cost sharing ,the ,secretary shall consider support for the development of carbon dioxide pipeline infrastructure or the development of geologic sequestration facility under subsection 7a7 to be subject to the cost share requirement for demonstration and commercial application activities under section #ihh7;c74 7d7 ,authorization of appropriations ,there are authorized to be appropriated to the ,secretary to carry out this section #b1jjj1jjj1jjj for each of fiscal years #bjba through #bjbe4 4 7b7 ,table of contents amendment ,the table of contents for the ,energy ,policy ,act of #bjje is further amended by adding after the item relating to section #dai 7as added by this ,act7 the following3 ,sec4 #dbj4 ,carbon dioxide sequestration infrastructure development4 4 #adc4 ,geologic carbon dioxide sequestration utilities 7a7 ,in general ,the ,secretary1 in collaboration with the ,secretary of ,transportation and the ,administrator of the ,environmental ,protection ,agency1 as appropriate1 may provide technical assistance to a ,state that is seeking to-- 7#a7 establish a government-owned carbon dioxide sequestration utility2 or 7#b7 regulate a privately owned carbon dioxide sequestration utility4 7b7 ,technical assistance ,technical assistance provided under subsection 7a7 may include-- 7#a7 with respect to a government-owned carbon dioxide sequestration utility-- 7,a7 conducting engineering studies to support the development of a geologic sequestration facility2 and 7,b7 identifying potential carbon dioxide pipeline routes2 and 7#b7 with respect to ,state regulation of a privately owned carbon dioxide sequestration utility-- 7,a7 helping with the development of a ,state permitting system for a privately owned carbon dioxide sequestration utility2 and 7,b7 assisting with the developing regulations for services provided by a privately owned carbon dioxide sequestration utility and the setting of rates charged for such services4 7c7 ,report ,not later than #a year of the date of enactment of this section1 the ,secretary shall submit to ,congress a report that-- 7#a7 characterizes ,federal1 ,state1 and local regulations that apply to carbon dioxide pipeline and sequestration facility development and operation2 7#b7 identifies any gaps in applicable regulations or standards that need to be addressed to ensure that carbon dioxide pipeline and sequestration facilities are operated in a safe and effective manner2 7#c7 evaluates whether regulation of the rates or terms of service for carbon dioxide transportation services or geologic sequestration services are necessary to ensure fair access to such services2 7#d7 evaluates whether eminent domain authority is necessary to enable development of carbon dioxide infrastructure in the public interest2 and 7#e7 provides recommended changes to ,federal law that would support the development and use of carbon dioxide pipeline and geologic sequestration facilities in the public interest4 #add4 ,coordinated ,federal permitting for carbon dioxide pipeline and sequestration facilities ,section #dajja7f77;,a7 of the ,,fast ,act 7#db ,u4,s4,c4 #dcgjm note7#f77;,a77 is amended by striking pipelines and inserting pipelines 7including pipelines for the transportation of carbon dioxide71 facilities for the geologic sequestration of carbon dioxide4 #ade4 ,interagency task force on carbon dioxide pipelines 7a7 ,in general ,not later than #ij days after the date of enactment of this section1 the ,secretary shall establish an interagency task force 7in this section referred to as the ,task ,force7 to assess the potential for a national system of carbon dioxide pipelines4 7b7 ,membership ,the ,task ,force shall include representatives from each of the following3 7#a7 ,the ,department of ,energy4 7#b7 ,the ,department of the ,interior4 7#c7 ,the ,environmental ,protection ,agency4 7#d7 ,the ,department of ,transportation4 7#e7 ,the ,federal ,energy ,regulatory ,commission4 7#f7 ,state1 local1 and ,tribal governments4 7#g7 ,any other ,federal agency that the ,secretary determines has a significant interest or role in development of a national system of carbon dioxide pipelines4 7c7 ,duties ,the ,task ,force shall-- 7#a7 conduct annual public workshops to discuss the potential of1 and progress towards1 an accessible and functioning national system of carbon dioxide pipelines2 7#b7 provide to the public notice of such workshops not less than #fj days before the date on which each such workshop is conducted2 7#c7 submit to ,congress annual reports that summarize the activities and progress of the ,task ,force2 and 7#d7 as soon as practical1 but not later than #e years after the date on which the ,task ,force is established1 submit to ,congress a report that provides a plan to establish a national carbon dioxide pipeline system1 which shall include-- 7,a7 information and recommendations related to engineering1 building1 siting1 constructing1 and maintaining a national carbon dioxide pipeline system2 7,b7 recommendations for how to streamline the permitting process for new carbon dioxide pipelines2 7,c7 information on how to integrate new carbon dioxide pipelines into existing carbon dioxide pipeline infrastructure2 7,d7 a determination on whether incentives or other policies are needed to encourage the utilization of the advanced leak detection and mitigation technology and monitoring capabilities for the national carbon dioxide pipeline system2 7,e7 recommendations for how to regulate the national carbon dioxide pipeline system to ensure safety and mitigate environmental impacts2 and 7,f7 an identification of other ,federal and ,state policy challenges related to the development of a national system of carbon dioxide pipelines4 7d7 ,sunset ,this section shall cease to be effective on the date that is #e years after the date on which the ,task ,force is established4 ,,ii ,innovation in ,renewable ,energy1 ,energy ,efficiency1 and ,storage #bja4 ,establishment of technology performance and cost targets 7a7 ,in general ,not later than one year after the date of enactment of this section1 the ,secretary shall establish technology performance and cost targets for three #e-year periods to address existing gaps in technology1 with the first such period starting on the date of enactment of this section and the last such period ending on the date that is #ae years following enactment4 7b7 ,targets ,technology and performance cost targets shall be established for each of the following technology categories3 7#a7 ,advanced renewable power technologies1 which include-- 7,a7 large-scale1 novel renewable power plants2 7,b7 renewable hydrogen power plants1 including plants for which the hydrogen comes from renewable natural gas or biogas2 7,c7 on-shore or off-shore wind power2 7,d7 thermal or photovoltaic solar power2 7,e7 hydropower2 7,f7 geothermal power2 7,g7 biomass power2 and 7,h7 advanced renewable energy manufacturing techniques4 7#b7 ,mechanical1 chemical1 and thermal energy storage technologies1 which include-- 7,a7 advanced grid-scale energy storage technologies with storage durations in the range of #aj to #ej hours2 and 7,b7 grid-scale energy storage projects that can economically balance electricity supply and demand across seasons4 7#c7 ,electricity transmission technologies1 which include underground high-voltage direct current electricity transmission4 7#d7 ,commercial1 industrial1 and residential energy efficiency technologies1 which include-- 7,a7 retrofit packages that reduce the energy used by an average single-family home by at least #ej percent at a cost of no more than #be1jjj per such home2 7,b7 smart heating1 ventilation1 and air conditioning control technologies that-- 7i7 can be used in commercial buildings that have between #e1jjj and #cj1jjj square feet of floor area2 7ii7 can reduce heating1 ventilation1 and air conditioning energy consumption by an average of at least #bj percent compared to average commercial buildings2 7iii7 yield energy cost savings that can provide at least a #ej-percent annual return on the original investment2 and 7iv7 may include a cloud-based information technology2 7,c7 those technologies that the ,secretary identifies as having the ability to improve energy efficiency or reduce emissions in heavy industries1 which include those that produce or refine aluminum1 steel1 cement1 oil1 or fertilizer2 and 7,d7 flexible load technology improvements to reduce peak demand4 7#e7 ,industrial process and building electrification technologies1 which include-- 7,a7 heat pump space heaters2 7,b7 heat pump water heaters2 7,c7 induction stoves2 and 7,d7 advanced industrial process heat technologies4 7c7 ,authorization of appropriations ,there are authorized to be appropriated to carry out this section the following3 7#a7 ,with respect to the advanced renewable energy technologies projects described in subparagraph 7b77#a71 #b1jjj1jjj1jjj for each of fiscal years #bjba through #bjbe4 7#b7 ,with respect to the energy storage technologies projects described in subparagraph 7b77#b71 #djj1jjj1jjj for each of fiscal years #bjba through #bjbe4 7#c7 ,with respect to the transmission technologies and projects described in subparagraph 7b77#c71 #fjj1jjj1jjj for each of fiscal years #bjba through #bjbe4 #bjb4 ,advanced innovation and commercialization program 7a7 ,in general ,the ,secretary1 in collaboration with the ,national ,laboratories1 other ,federal agencies1 and private sector and university partners as the ,secretary determines necessary1 shall establish a program1 to be known as the ,advanced ,innovation and ,commercialization ,program1 to carry out research1 development1 and demonstration of technology that meets the targets established for those technologies identified in section #bja7;b74 7b7 ,early deployment 7#a7 ,in general ,the ,secretary shall establish a program to provide grants for early deployment of the technologies demonstrated under the ,advanced ,innovation and ,commercialization program under this section4 7#b7 ,authorization of appropriations ,there is authorized to be appropriated to carry out this subsection #c1jjj1jjj1jjj for each of fiscal years #bjba through #bjbe4 7c7 ,federal procurement 7#a7 ,in general ,the ,secretary1 in collaboration with the ,secretary of ,defense and the ,administrator of the ,general ,services ,administration1 shall establish ,federal procurement goals and deadlines for achieving such goals for those technologies identified in section #bja7;b77#a7 through 7#e74 7#b7 ,federal energy and advanced technology energy procurement ,the ,secretary1 in collaboration with the ,secretary of ,defense and the ,administrator of ,general ,services1 shall-- 7,a7 through administrative and regulatory actions1 improve ,federal procurement of the technologies described in paragraph 7#a72 7,b7 identify and report on barriers to improving ,federal procurement of energy and technologies that require legislative changes2 and 7,c7 take due regard of the recommendations from the #bjaf report entitled ,secretary of ,energy ,advisory ,board ,report of the ,task ,force on ,federal ,energy ,management4 #bjc4 ,updating mobile homes 7a7 ,updating mobile homes ,not later than one year after the date of enactment of this section1 the ,secretary shall establish a program to provide grants and technical assistance to individuals or businesses to facilitate the replacement of energy-inefficient mobile homes with highly efficient zero-energy modular homes4 7b7 ,authorization ,there are authorized to be appropriated to carry out this section #b1ejj1jjj1jjj for each of fiscal years #bjba through #bjbe1 to remain available until expended4 #bjd4 ,investment tax credits for energy battery storage1 offshore wind1 and certain hydropower technologies 7a7 ,in general ,section #dh7;a77#c77;,a7 of the ,internal ,revenue ,code of #aihf1 as amended by section #aba1 is amended by striking or at the end of clause 7vii71 and by adding at the end the following new clauses3 7ix7 equipment which generates wind energy from an offshore facility1 7x7 energy storage equipment1 7xi7 equipment which makes a nonhydroelectric dam capable of generating hydropower1 or 7xii7 equipment which generates geothermal electricity through an enhanced geothermal system4 4 7b7 ,allowance of #cj percent credit 7#a7 ,in general ,section #dh7;a77#b77;,a77i77,,ii7 of the ,internal ,revenue ,code of #aihf is amended by striking paragraph 7#c77;,a77i7 and inserting clause 7i71 7ix71 7x71 7xi71 or 7xii7 of paragraph 7#c77;,a74 7#b7 ,phaseout ,section #dh7;a77#f7 of such ,code is amended-- 7,a7 by striking solar energy in the heading and inserting certain1 and 7,b7 by striking paragraph 7#c77;,a77i7 both places it appears and inserting clause 7i71 7ix71 7x71 7xi71 or 7xii7 of paragraph 7#c77;,a74 7c7 ,definitions 7#a7 ,energy credit ,section #dh7;c7 of the ,internal ,revenue ,code of #aihf is amended by adding at the end the following new paragraphs3 7#e7 ,qualified offshore wind property 7,a7 ,in general ,the term qualified offshore wind property means an offshore facility using wind to produce electricity4 7,b7 ,offshore facility ,the term offshore facility means any facility located in the inland navigable waters of the ,united ,states1 including the ,great ,lakes1 or in the coastal waters of the ,united ,states1 including the territorial seas of the ,united ,states1 the exclusive economic zone of the ,united ,states1 and the outer ,continental ,shelf of the ,united ,states4 7#f7 ,energy storage equipment ,the term energy storage equipment means equipment which receives1 stores1 and delivers energy using batteries1 compressed air1 pumped hydropower1 hydrogen storage 7including hydrolysis and electrolysis71 thermal energy storage1 regenerative fuel cells1 flywheels1 capacitors1 superconducting magnets1 or other technologies identified by the ,secretary in consultation with the ,secretary of ,energy1 and which has a capacity of not less than #e ,kilowatt hours4 7#g7 ,nonhydroelectric dam ,the term nonhydroelectric dam means a nonhydroelectric dam that-- 7,a7 is licensed by the ,federal ,energy ,regulatory ,commission and meets all other applicable environmental1 licensing1 and regulatory requirements1 7,b7 was placed in service before the date of the enactment of this paragraph and operated for flood control1 navigation1 or water supply purposes and did not produce hydroelectric power on the date of the enactment of this paragraph1 7,c7 is operated so that the water surface elevation at any given location and time that would have occurred in the absence of the hydroelectric project is maintained1 subject to any license requirements imposed under applicable law that change the water surface elevation for the purpose of improving environmental quality of the affected waterway1 and 7,d7 includes one more hydroelectric projects which have been certified by the ,secretary1 after consultation with the ,federal ,energy ,regulatory ,commission1 as meeting the requirements of clause 7iii74 7#h7 ,enhanced geothermal system ,the term enhanced geothermal system means a system to extract heat by creating a subsurface fracture system to which water can be added through injection wells4 4 7#b7 ,qualifying advanced energy project credit ,section #dh;,c7c77#a77;,a77i77,,iv7 of the ,internal ,revenue ,code of #aihf is amended by inserting 1 including through direct air capture or carbon dioxide removal after emissions4 7d7 ,effective date ,the amendments made by this section shall apply to property placed in service after ,december #ca1 #bjai4 7e7 ,coordination with ,federal ,power ,act ,nothing in this section1 or the amendments made by this section1 shall affect the standards under which the ,federal ,energy ,regulatory ,commission issues licenses for and regulates hydropower projects under part ,i of the ,federal ,power ,act4 #bje4 ,extension of production tax credit for solar and on-shore wind 7a7 ,wind ,section #de7;d77#a7 of the ,internal ,revenue ,code of #aihf is amended by striking ,january #a1 #bjba and inserting ,january #a1 #bjca4 7b7 ,solar ,section #de7;d77#d77;,a7 of such ,code is amended by striking placed in service before ,january #a1 #bjjf and inserting construction of which begins before ,january #a1 #bjca4 7c7 ,application of phaseout percentage to wind facilities ,section #de7;b77#e77;,d7 of such ,code is amended by striking ,january #a1 #bjba and inserting ,january #a1 #bjca4 7d7 ,effective date ,the amendments made by this section shall apply to facilities the construction of which begins after ,december #ca1 #bjbj4 #bjf4 ,renewal of qualifying advanced energy project credit 7a7 ,in general ,section #dh;,c7d77#b77;,a7 of the ,internal ,revenue ,code of #aihf is amended by striking during the #b-year period beginning on the date the ,secretary establishes the program under paragraph 7#a74 7b7 ,effective date ,the amendment made by this section shall apply to applications received after the date of the enactment of this ,act4 #bjg4 ,performance-based tax credits for commercial and residential buildings 7a7 ,the ,internal ,revenue ,code of #aihf is amended by inserting the following after section #de,u 7as added by this ,act73 #de,v4 ,deep energy retrofits and zero-energy commercial and residential buildings 7a7 ,definitions ,in this section3 7#a7 ,btu ,the term ,btu means ,british ,thermal ,unit4 7#b7 ,building energy ,the term building energy means energy consumed at the building site as measured at the site boundary1 which includes heating1 cooling1 ventilation1 domestic hot water1 indoor and outdoor lighting1 plug loads1 process energy1 elevators and conveying systems1 and intrabuilding transportation systems4 7#c7 ,deep energy retrofit ,the term deep energy retrofit means a project that uses energy efficiency measures and renewable energy resources to reduce the energy use of an existing building by at least #ej percent on an annual basis relative to the most recent #ab-month period in which the building was fully occupied prior to the project1 provided that energy efficiency measures must account for at least #hj percent of the reduction in energy use4 7#d7 ,delivered energy ,the term delivered energy means any type of energy that could be bought or sold as building energy1 including electricity1 steam1 hot or chilled water1 natural gas1 biogas1 landfill gas1 coal1 coke1 propane1 petroleum and its derivatives1 residual fuel oil1 alcohol-based fuels1 wood1 biomass1 and any other material consumed as fuel4 7#e7 ,exported energy ,the term exported energy means on-site renewable energy supplied through the site boundary and used outside the site boundary4 7#f7 ,high rise commercial building ,the term high rise commercial building means a commercial building of four or more above grade stories4 7#g7 ,high rise residential building ,the term high rise residential building means a multifamily building with four or more above grade stories4 7#h7 k,wh ,the term k,wh means ,kilowatt ,hour4 7#i7 ,low rise residential building ,the term low rise residential building means a single-family home or multifamily building with no more than three above grade stories4 7#aj7 ,on-site renewable energy ,the term on-site renewable energy means any renewable energy collected and generated within the site boundary that is used for building energy1 and the excess renewable energy exported outside the site boundary1 provided that any renewable energy certificates associated with the on-site renewable energy must be retained or retired by the building owner or lessee to be claimed as on-site renewable energy4 7#aa7 ,renewable energy ,the term renewable energy means energy generated by biomass1 hydro1 geothermal1 solar1 wind1 ocean thermal1 wave action1 or tidal action resources4 7#ab7 ,renewable energy certificate ,the term renewable energy certificate means a certificate or credit that represents and conveys the environmental1 social1 or other nonpower qualities of one megawatt hour of renewable energy1 and can be sold separately from the underlying physical electricity associated with the renewable energy resource4 7#ac7 ,site boundary ,the term site boundary means the limits of the building site across which delivered energy and exported energy are measured4 7#ad7 ,source energy ,the term source energy means building energy plus the energy losses in thermal combustion in electricity generation resources2 and energy losses in transmission and distribution to the building site4 7#ae7 ,zero-energy building ,the term zero-energy building means a building for which1 on a source energy basis1 the actual annual delivered energy is less than or equal to the on-site renewable exported energy1 provided that energy purchased from off-site and renewable energy generated on-site and then sold off-site shall be valued at #fjjj ,btu_/k,wh4 7#af7 ,zero-energy-ready building ,the term zero-energy-ready building means a building that-- 7,a7 if it is a commercial building or high rise residential building-- 7i7 is in compliance with ,standard #ij4a-bjai published by the ,american ,society of ,heating1 ,refrigerating and ,air-,conditioning ,engineers2 7ii7 is in compliance with ,appendix ,,ca 7,solar-,ready ,zone7 of the #bjba ,international ,energy ,conservation ,code2 and 7iii7 demonstrates that its energy consumption is at least #cj percent below the maximum permitted under ,american ,society of ,heating1 ,refrigerating and ,air-,conditioning ,engineers ,standard #ij4a-bjai1 as calculated using the methodology in ,appendix ,g of such standard2 and 7,b7 if it is a low rise residential building-- 7i7 has an ,energy ,rating ,index of #dj or less as calculated using the procedures in ,chapter #c of the residential section of the #bjab ,international ,energy ,conservation ,code but excluding any renewable energy resources in the calculation1 provided that certification of compliance with the ,energy ,rating ,index requirement shall be made by a registered architect or engineer by another professional authorized by the ,secretary of ,energy by rule2 7ii7 is in compliance with ,appendix ,,ra 7,solar-,ready ,zone7 of the #bjba ,international ,energy ,conservation ,code2 and 7iii7 is certified under-- 7,i7 the ,zero ,energy ,ready ,homes program administered by the ,department of ,energy2 or 7,,ii7 the ,passive ,house specifications of the ,passive ,institute ,,us or the ,international ,passive ,house ,institute4 7b7 ,eligibility for tax credit ,to be eligible to receive a tax credit under this section1 the builder or owner of a building must demonstrate that-- 7#a7 the building is located in the ,united ,states2 7#b7 the building is at least #ej percent occupied when the tax credit is claimed2 7#c7 if the building has implemented a deep energy retrofit1 the project has been completed and certified as a deep energy retrofit by a registered architect or engineer1 or by another professional authorized by the ,secretary of ,energy by rule2 and 7#d7 if the building is a zero-energy building1 the building has been zero-energy over a span of #ab continuous months with at least #ej percent occupancy as verified-- 7,a7 through certification by the ,living ,buildings ,institute ,zero ,energy ,certification ,program2 7,b7 through certification by the ,,leed ,zero ,energy ,certification ,program ,verification2 or 7,c7 by another professional authorized by the ,secretary of ,energy by rule4 7c7 ,tax credit amounts 7#a7 ,zero-energy-ready buildings ,the following tax credit amounts shall be awarded for certified zero-energy-ready buildings-- 7,a7 for a residential building with no more than four dwelling units1 #e1jjj per dwelling unit2 7,b7 for a residential building with five or more dwelling units1 #c1ejj per dwelling unit2 and 7,c7 for a commercial building1 #c per square foot of floor area4 7#b7 ,zero-energy buildings ,the following tax credit amounts shall be awarded for certified zero-energy buildings-- 7,a7 for a residential building with no more than four dwelling units1 #e1jjj per dwelling unit2 7,b7 for a residential building with five or more dwelling units1 #c1ejj per dwelling unit2 and 7,c7 for a commercial building that is a zero-energy building for a period of #ab continuous months starting after the building is at least #ej percent occupied1 #c per square foot of floor area1 provided that a zero-energy building may also receive the zero-energy-ready building incentive if it meets the criteria for this incentive4 7#c7 ,deep energy retrofits ,the following tax credit amounts shall be awarded to buildings upon completion of a deep energy retrofit-- 7,a7 for a residential building1 #aj1jjj per dwelling unit1 up to a maximum of #a1jjj1jjj per building2 and 7,b7 for a commercial building1 #be per square foot of floor area1 up to a maximum of #b1jjj1jjj per building4 7d7 ,tax credit recipient 7#a7 ,in general ,the person eligible to receive a tax credit under this section shall be-- 7,a7 for a new residential building1 the builder2 7,b7 for an existing residential building that has undergone a deep energy retrofit1 the builder2 7,c7 for a new commercial building1 the building owner2 and 7,d7 for an existing commercial building that has undergone a deep energy retrofit1 the building owner4 7#b7 ,transfer of credit ,a building owner who is eligible to receive a tax credit under subparagraphs 7,c7 and 7,d7 of paragraph 7#a7 may transfer such tax credit to the architect1 builder1 or contractor4 7e7 ,exclusions ,a building project is not eligible for tax credits under this section if the owner or builder has used another ,federal tax incentive for the same project1 including incentives under sections #be;,c1 #be;,d1 and #agi;,d of this title4 7f7 ,sunset of tax credit authority ,the tax credit authority under this section shall terminate-- 7#a7 for zero-energy and zero-energy-ready residential buildings1 one year after the ,secretary of ,energy determines by rule that such buildings accounted for at least #bj percent of new residential buildings in the most recent calendar year2 7#b7 for zero-energy and zero-energy-ready commercial buildings1 one year after the ,secretary of ,energy determines by rule that such buildings accounted for at least #bj percent of new commercial building construction in the most recent calendar year2 7#c7 for deep energy retrofits to residential buildings1 one year after the ,secretary of ,energy determines by rule that at least #aj percent of units at residential buildings have undergone such retrofits2 and 7#d7 for deep energy retrofits to commercial buildings1 one year after the ,secretary of ,energy determines by rule that at least #aj percent of the floor area of commercial buildings has undergone such retrofits4 7g7 ,rulemaking ,not later than one year after enactment of this section1 the ,secretary1 in coordination with the ,secretary of ,energy1 shall promulgate rules to implement this section4 7h7 ,report to ,congress ,not later than two years after enactment of this section1 and each calendar year thereafter1 the ,secretary shall report to ,congress on the use of tax credits under this section broken down by the categories in subsection 7c71 which report shall include-- 7#a7 the dollar value of tax credits awarded to date and in the prior calendar year2 and 7#b7 the number of units at residential buildings and the number of square feet of floor area in commercial buildings for which tax credits were awarded to date and in the prior year calendar year4 4 7b7 ,table of contents ,the table of contents of the ,internal ,revenue ,code of #aihf is further amended by inserting after the item relating to section #de,u 7as added by this ,act7 the following3 ,sec4 #de,v4 ,deep energy retrofits and zero-energy commercial and residential buildings4 4 #bjh4 ,extension of publicly traded partnership ownership structure to renewable energy projects 7a7 ,in general ,section #ggjd7;d77#a77;,e7 of the ,internal ,revenue ,code of #aihf1 as amended by section #acd of this ,act1 is further amended by adding after clause 7v7 the following3 7vi7 ,the generation of electric power 7including the leasing of tangible personal property used for such generation7 exclusively utilizing any resource described in section #de7;c77#a7 or energy property described in section #dh 7determined without regard to any termination date7 or1 in the case of a facility described in paragraph 7#c7 or 7#g7 of section #de7;d7 7determined without regard to any placed in service date or date by which construction of the facility is required to begin71 the accepting or processing of such resource4 7vii7 ,the sale of electric power1 capacity1 resource adequacy1 demand response capabilities1 or ancillary services that is produced or made available from any equipment or facility 7operating as a single unit or as an aggregation of units7 the principal function of which is to-- 7,i7 use mechanical1 chemical1 electrochemical1 hydroelectric1 or thermal processes to store energy that was generated at one time for conversion to electricity at a later time1 or 7,,ii7 store thermal energy for direct use for heating or cooling at a later time in a manner that avoids the need to use electricity at that later time4 7viii7 ,the generation1 storage1 or distribution of thermal energy exclusively utilizing property described in section #dh7;c77#c7 7determined without regard to subparagraphs 7,b7 and 7,d7 thereof and without regard to any placed in service date74 7ix7 ,the generation1 storage1 or distribution of thermal energy exclusively using any resource described in section #de7;c77#a7 or energy property described in clause 7i7 or 7iii7 of section #dh7;a77#c77;,a74 7x7 ,the use of recoverable waste energy1 as defined in section #cga7e7 of the ,energy ,policy and ,conservation ,act 7#db ,u4,s4,c4 #fcda7e774 4 7b7 ,effective date ,the amendment made by this section shall apply to taxable years beginning after ,december #ca1 #bjbj4 #bji4 ,manufacturer credit for high-efficiency heat pumps and heat pump water heaters 7a7 ,in general ,the ,internal ,revenue ,code of #aihf is further amended by adding after section #de,v 7as added by this ,act7 the following new section3 #de,w4 ,manufacturer credit for high-efficiency heat pumps and heat pump water heaters 7a7 ,credit amounts 7#a7 ,in general ,for purposes of section #ch1 the energy efficient heat pump credit determined under this section for any taxable year is an amount equal to the sum of the credit amounts determined under paragraph 7#b7 for each type of qualified energy efficient heat pump produced by the taxpayer during the calendar year ending with or within the taxable year4 7#b7 ,calculation of credits ,the credit amount determined for any type of qualified energy efficient appliance is-- 7,a7 the applicable amount determined under subsection 7b7 with respect to such type1 multiplied by 7,b7 the eligible production for such type under subsection 7c74 7b7 ,applicable amount ,for purposes of subsection 7a73 7#a7 ,consumer heat pump water heaters ,the applicable amount is #fjj in the case of a consumer heat pump water heater that is manufactured in calendar years #bjbb through #bjcj and that has a ,uniform ,energy ,factor of #c4c or more for electric water heaters and #a4c or more for gas water heaters4 7#b7 ,commercial heat pump water heaters ,the applicable amount is #fjj in the case of a commercial heat pump water heater manufactured in calendar years #bjbb through #bjcj and that has a ,coefficient of ,performance of #c4j or more for electric water heaters and #a4c or more for gas water heaters4 7#c7 ,consumer unitary heat pumps ,the applicable amount is #hjj in the case of a consumer unitary heat pump that-- 7,a7 is manufactured in calendar years #bjbb through #bjcj1 7,b7 in the case of an electric heat pump meets either-- 7i7 the most recent requirements of the ,energy ,star ,most ,efficient ,specification promulgated by the ,united ,states ,environmental ,protection ,agency before the date of enactment of this section1 or 7ii7 the most recent ,cold ,climate ,air-,source ,heat ,pump ,specification promulgated by ,northeast ,energy ,efficiency ,partnerships before the date of enactment of this section1 and 7,c7 in the case of a gas heat pump1 has an ,annual ,fuel ,utilization ,efficiency of #adj percent or more4 7#d7 ,commercial heat pumps ,the applicable amount is #bd per thousand ,british ,thermal ,units of heating capacity measured at a #ag degree ,fahrenheit ambient temperature in the case of a commercial heat pump that is manufactured in calendar years #bjbb through #bjcj and that has a ,coefficient of ,performance of #b4c or more at a #ag degree ,f ambient temperature for electric heat pumps1 and #a4b or more at a #ag degree ,f ambient temperature for gas heat pumps4 7#e7 ,industrial heat pumps ,the applicable amount is #cf per thousand ,british ,thermal ,units of heating capacity for heat pumps with a heating capacity of #b1djj thousand ,british ,thermal ,units or less and #ah per thousand ,british ,thermal ,units of heating capacity for heat pumps with a heating capacity above #b1djj thousand ,british ,thermal ,units in the case of an industrial heat pump that is manufactured and installed in an industrial facility in calendar years #bjbb through #bjcj and that has a ,coefficient of ,performance of #b4j or more4 7c7 ,eligible production ,the eligible production in a calendar year with respect to each type of energy efficient heat pump is-- 7#a7 the number of heat pumps of such type that are produced by the taxpayer in the ,united ,states during such calendar year1 less 7#b7 the average number of heat pumps of such type that were produced by the taxpayer 7or any predecessor7 in the ,united ,states during the preceding #b-;calendar year period4 7d7 ,types of energy efficient heat pumps ,for purposes of this section1 the types of energy efficient heat pumps are-- 7#a7 consumer heat pump water heaters described in subsection 7b77#a71 7#b7 commercial heat pump water heaters described in subsection 7b77#b71 7#c7 consumer unitary heat pumps described in subsection 7b77#c71 7#d7 commercial heat pumps described in subsection 7b77#d71 and 7#e7 industrial heat pumps described in subsection 7b77#e74 7e7 ,limitations 7#a7 ,aggregate credit amount allowed ,the aggregate amount of credit allowed under subsection 7a7 with respect to a taxpayer for any taxable year shall not exceed #bej1jjj1jjj1 reduced by the amount of the credit allowed under subsection 7a7 to the taxpayer 7or any predecessor7 for all prior taxable years beginning after ,december #ca1 #bjba4 7#b7 ,limitation based on gross receipts ,the credit allowed under subsection 7a7 with respect to a taxpayer for the taxable year shall not exceed an amount equal to #d percent of the average annual gross receipts of the taxpayer for the #c taxable years preceding the taxable year in which the credit is determined4 7#c7 ,gross receipts ,for purposes of this subsection1 the rules of paragraphs 7#b7 and 7#c7 of section #ddh7;c7 shall apply4 7f7 ,adjustment of energy efficiency criteria ,no later than ,december #ca1 #bjbb1 and every two years thereafter1 the ,secretary1 in consultation with the ,secretary of ,energy1 shall review the efficiency levels in section 7b7 and revise these levels upward if necessary to include only the most efficient commercially available heat pumps of each type1 while ensuring that at least three manufacturers are represented in each type across a range of product heating capacities4 7g7 ,test procedures 7#a7 ,the ,department of ,energy shall develop test procedures to determine ,coefficient of ,performance for-- 7,a7 gas commercial heat pump water heaters1 7,b7 gas commercial heat pumps1 and 7,c7 industrial heat pumps4 7#b7 ,such test procedures shall build upon the foundation of relevant current ,american ,national ,standard ,institute and ,international ,organization of ,standard test procedures4 7h7 ,definitions ,for purposes of this section3 7#a7 ,qualified energy efficient heat pump ,the term qualified energy efficient heat pump means-- 7,a7 any consumer heat pump water heater described in subsection 7b77#a71 7,b7 any commercial heat pump water heater described in subsection 7b77#b71 7,c7 any consumer unitary heat pump described in subsection 7b77#c71 7,d7 any commercial heat pump described in subsection 7b77#d71 and 7,e7 any industrial heat pump described in subsection 7b77#e74 7#b7 ,consumer heat pump water heater ,the term consumer heat pump water heater means a water heater that uses a heat pump to heat water and has an electric input of #ab ,kilowatt or less or a gas input of #ge1jjj ,british ,thermal ,units per hour or less1 measured in accordance with applicable ,department of ,energy test procedures4 7#c7 ,commercial heat pump water heaters ,the term commercial heat pump water heater means a water heater that uses a heat pump to heat water and has an electric input of more than #ab ,kilowatt or a gas input of more than #ge1jjj ,british ,thermal ,units per hour1 measured in accordance with applicable ,department of ,energy test procedures4 7#d7 ,consumer unitary heat pump ,the term consumer unitary heat pump means a heat pump designed to provide space heating and cooling with a cooling capacity of #fe1jjj ,british ,thermal ,units per hour or less1 measured in accordance with the applicable ,department of ,energy test procedures4 7#e7 ,commercial heat pump ,the term commercial heat pump means a heat pump designed to provide space heating and cooling with a cooling capacity of more than #fe1jjj ,british ,thermal ,units per hour1 measured in accordance with the applicable ,department of ,energy test procedures4 7#f7 ,industrial heat pump ,the term industrial heat pump means a heat pump that upgrades industrial waste heat to a higher temperature such that the delivered heat is produced and supplied to the facility more efficiently than conventional heating methods1 such as a steam or electric resistance boiler4 7#g7 ,produced ,the term produced includes manufactured4 7#h7 ,uniform energy factor ,the term ,uniform ,energy ,factor is a metric used to measure the efficiency of consumer water heaters1 with details specified in applicable ,department of ,energy test procedures4 7#i7 ,coefficient of performance ,the term ,coefficient of ,performance means the ratio of heat output to energy input1 with details specified in applicable ,department of ,energy test procedures4 ,for gas commercial heat pump water heaters1 until there is a ,department of ,energy test procedure1 ,american ,national ,standards ,institute and ,american ,society of ,heating1 ,refrigerating and ,air-,conditioning ,engineers ,standard #aah4a shall be used4 ,for gas commercial heat pumps1 until there is a ,department of ,energy test procedure1 ,american ,national ,standards ,standard ,z#ba4dj4d shall be used4 ,for industrial heat pumps1 until there is a ,department of ,energy test procedure1 manufacturers may use their own tests1 provided they publicly post the test conditions and assumptions they used in developing their stated ,coefficient of ,performance values4 7i7 ,special rules ,for purposes of this section3 7#a7 ,in general ,rules similar to the rules of subsections 7c71 7d71 and 7e7 of section #eb shall apply4 7#b7 ,controlled group 7,a7 ,in general ,all persons treated as a single employer under subsection 7a7 or 7b7 of section #eb or subsection 7m7 or 7o7 of section #dad shall be treated as a single producer4 7,b7 ,inclusion of foreign corporations ,for purposes of subparagraph 7,a71 in applying subsections 7a7 and 7b7 of section #eb to this section1 section #aefc shall be applied without regard to subsection 7b77#b77;,c7 thereof4 7#c7 ,verification ,no amount shall be allowed as a credit under subsection 7a7 with respect to which the taxpayer has not submitted such information or certification as the ,secretary1 in consultation with the ,secretary of ,energy1 determines necessary4 7#d7 ,production in ,united ,states ,the requirement for production in the ,united ,states in section 7c7 does not take effect until ,january #a1 #bjbd4 4 7b7 ,clerical amendment ,the table of sections for subpart ,d of part ,,iv of subchapter ,a of chapter #a is further amended by adding after the item relating to section #de,v the following new item3 ,sec4 #de,w4 ,manufacturer credit for high-efficiency heat pumps and heat pump water heaters4 4 #baj4 ,other authorizations of appropriations 7a7 ,amendment to ,america ,,competes ,act ,section #ejab7o77#b7 of the ,america ,,competes ,act 7#db ,u4,s4,c4 #afech7o77#b77 is amended-- 7#a7 in subparagraph 7,d71 by striking 2 and and inserting 22 7#b7 in subparagraph 7,e71 by striking #bjac4 and inserting #bjac22 and 7#c7 by adding at the end the following3 7,f7 #efi1jjj1jjj for fiscal year #bjba2 7,g7 #gac1jjj1jjj for fiscal year #bjbb2 7,h7 #hef1jjj1jjj for fiscal year #bjbc2 and 7,i7 #a1jjj1jjj1jjj for fiscal year #bjbd4 4 7b7 ,regional innovation models ,there are authorized to be appropriated to the ,secretary for purposes of developing regional innovation models-- 7#a7 #ajj1jjj1jjj for fiscal year #bjba2 7#b7 #bjj1jjj1jjj for fiscal year #bjbb2 7#c7 #cjj1jjj1jjj for fiscal year #bjbc2 and 7#d7 #ejj1jjj1jjj for fiscal year #bjbd4 7c7 ,grid modernization ,there are authorized to be appropriated to the ,secretary for purposes of research1 development1 demonstration1 analysis1 technology validation1 market transformation1 and technical assistance to support grid modernization-- 7#a7 #bch1jjj1jjj for fiscal year #bjba2 7#b7 #cge1jjj1jjj for fiscal year #bjbb2 7#c7 #eac1jjj1jjj for fiscal year #bjbc2 and 7#d7 #fej1jjj1jjj for fiscal year #bjbd4 7d7 ,advanced land-,based and offshore wind power ,there are authorized to be appropriated to the ,secretary for the purposes of research1 development1 demonstration1 analysis1 technology validation1 market transformation1 and technical assistance to support advanced land-based and offshore wind power-- 7#a7 #agh1jjj1jjj for fiscal year #bjba2 7#b7 #beb1jjj1jjj for fiscal year #bjbb2 7#c7 #cbf1jjj1jjj for fiscal year #bjbc2 and 7#d7 #djj1jjj1jjj for fiscal year #bjbd4 7e7 ,advanced solar power ,there are authorized to be appropriated to the ,secretary for the purposes of research1 development1 demonstration1 analysis1 technology validation1 market transformation1 and technical assistance to support advanced solar power-- 7#a7 #cfj1jjj1jjj for fiscal year #bjba2 7#b7 #ddj1jjj1jjj for fiscal year #bjbb2 7#c7 #ebj1jjj1jjj for fiscal year #bjbc2 and 7#d7 #fjj1jjj1jjj for fiscal year #bjbd4 7f7 ,mechanical1 chemical1 and thermal storage technology ,there are authorized to be appropriated to the ,secretary for the purposes of research1 development1 demonstration1 analysis1 technology validation1 market transformation1 and technical assistance to support mechanical1 chemical1 and thermal storage technology-- 7#a7 #aej1jjj1jjj for fiscal year #bjba2 7#b7 #aej1jjj1jjj for fiscal year #bjbb2 7#c7 #aej1jjj1jjj for fiscal year #bjbc2 and 7#d7 #aej1jjj1jjj for fiscal year #bjbd4 7g7 ,buildings ,there are authorized to be appropriated to the ,secretary for the purposes of research1 development1 demonstration1 analysis1 technology validation1 market transformation1 and technical assistance to support technologies that improve the energy efficiency of building equipment1 the building envelope1 building controls1 and that improve information sharing between the building and the grid1 which technologies may include energy efficiency1 demand response and electrification technologies in residential1 commercial1 and industrial buildings-- 7#a7 #cha1jjj1jjj for fiscal year #bjba2 7#b7 #dgh1jjj1jjj for fiscal year #bjbb2 7#c7 #egd1jjj1jjj for fiscal year #bjbc2 and 7#d7 #fgj1jjj1jjj for fiscal year #bjbd4 7h7 ,industry ,there are authorized to be appropriated to the ,secretary for the purposes of research1 development1 demonstration1 analysis1 technology validation1 market transformation1 and technical assistance to support technologies to reduce emissions in industrial and manufacturing processes1 including such technologies relating to energy efficiency and electrification-- 7#a7 #cha1jjj1jjj for fiscal year #bjba2 7#b7 #dgh1jjj1jjj for fiscal year #bjbb2 7#c7 #egd1jjj1jjj for fiscal year #bjbc2 and 7#d7 #hdj1jjj1jjj for fiscal year #bjbd4 7i7 ,enhanced geothermal technologies ,there are authorized to the ,secretary for the purposes of research1 development1 and demonstration of enhanced geothermal technologies an increase in the amount from fiscal year #bjai appropriations by #ajj1jjj1jjj for each year until fiscal year #bjbe1 of which-- 7#a7 #gj1jjj1jjj is authorized for the ,secretary to use each year to establish a supercritical enhanced geothermal system demonstration program2 and 7#b7 #cj1jjj1jjj is authorized for the ,secretary to use each year in collaboration with the ,national ,laboratories for supercritical enhanced geothermal systems research and development4 ,,iii ,existing and ,advanced ,nuclear ,power ,plants #cja4 ,zero-emissions credit program 7a7 ,establishment ,not later than #b years after the date of enactment of this section1 the ,secretary shall establish a program to be known as the ,zero-,emissions ,credit ,program4 7b7 ,issuance of credits ,not later than ,march #a of each calendar year beginning after the date on which the ,zero-,emissions ,credit ,program is established1 under the ,zero-,emissions ,credit ,program the ,secretary shall issue an amount of zero-emissions credits to each owner or operator of a qualified nuclear power plant in the quantity that is equal to the amount of the megawatt hours of electricity sold by such owner or operator to an organized power market in the prior year4 7c7 ,payment for receipt of credits 7#a7 ,in general ,except as provided in paragraphs 7#b71 7#c71 and 7#d71 under the ,zero-,emissions ,credit ,program the ,secretary shall pay an owner or operator of a qualified nuclear power plant #ac4be for each zero-emissions credit an owner or operator submits to the ,secretary4 7#b7 ,adjustments for inflation ,each year1 the ,secretary shall adjust the amount to be paid under the ,zero-,emissions ,credit ,program for each zero-emissions credit to account for the effects of inflation4 7#c7 ,reduction in value of credit ,if the price for the sale of electricity increases such that payments for zero-emissions credits are no longer needed to prevent the retirement of a qualified nuclear power plant1 the ,secretary shall reduce the amount to be paid for each zero-emissions credit for such qualifying nuclear power plant in accordance with such change in price4 7#d7 ,offset for value of clean electricity credits ,the ,secretary shall reduce the payment to a qualified nuclear power plant for a zero-emissions credit by the value of any clean electricity credits issued to the plant for the same quantity of megawatt hours pursuant to the ,federal ,clean ,electricity ,standard program established under section #faa of the ,public ,utility ,regulatory ,policies ,act of #aigh4 7d7 ,termination date ,the ,zero-,emissions ,credit ,program shall terminate on the date that is #e years after the program effective date of the ,federal ,clean ,electricity ,standard established under section #faa of the ,public ,utility ,regulatory ,policies ,act of #aigh4 7e7 ,definitions ,in this section3 7#a7 ,organized power market ,the term organized power market means any market-- 7,a7 for the wholesale sale of electricity2 and 7,b7 that is controlled by a regional transmission organization or an independent system operator as defined in section #c of the ,federal ,power ,act 7#af ,u4,s4,c4 #gif74 7#b7 ,qualified nuclear power plant 7,a7 ,in general ,the term qualified nuclear power plant means any nuclear power plant that the ,secretary determines1 based on an application submitted by such plant to the ,secretary1 is not financially viable or will otherwise be required to retire if it does not receive zero-emissions credits under the ,zero-,emissions ,credit ,program4 7,b7 ,exclusion ,the term qualified nuclear power plant does not include a nuclear power plant that receives a tax credit under section #dh of the ,internal ,revenue ,code of #aihf4 7#c7 ,zero-emissions credit ,the term zero-emissions credit means a credit issued by the ,secretary under the ,zero-,emissions ,credit ,program that represents #a megawatt of electricity sold by the owner or operator of a qualified nuclear power plant to an organized power market4 7f7 ,rulemaking ,not later than one year after the date of enactment of this section1 the ,secretary shall finalize rules for-- 7#a7 the application and decision process for qualified nuclear power plants2 and 7#b7 the schedule and process for issuance of credits and periodic review and adjustment of issuances4 #cjb4 ,investment tax credit for nuclear energy property 7a7 ,in general ,section #dh7;a77#c77;,a7 of the ,internal ,revenue ,code of #aihf is amended-- 7#a7 in clause 7vi71 by striking or2 7#b7 in clause 7vii71 by inserting or at the end2 and 7#c7 by adding at the end the following new clause3 7viii7 qualified nuclear energy property1 4 7b7 ,eligible for #cj-,percent credit ,section #dh7;a77#b77;,a77i7 of such ,code is amended by striking and in subclause 7,,iii7 and by adding at the end the following new subclause3 7,v7 energy property described in paragraph 7#c77;,a77viii7 but only with respect to property placed in service before ,january #a1 #bjbd1 and 4 7c7 ,qualified nuclear energy property ,section #dh7;c7 of such ,code is amended by adding at the end the following new paragraph3 7#e7 ,qualified nuclear energy property 7,a7 ,in general ,the term qualified nuclear energy property means any amounts paid or incurred for the refueling of1 and any other expenditures described in section #bfc7;a7 with respect to1 a qualifying nuclear power plant4 7,b7 ,qualifying nuclear power plant ,the term qualifying nuclear power plant means a nuclear power plant which-- 7i7 submitted an application for license renewal to the ,nuclear ,regulatory ,commission in accordance with part #ed of title #aj1 ,code of ,federal ,regulations1 before ,january #a1 #bjbf1 or 7ii7 certified to the ,secretary 7at such time and in such form and in such manner as the ,secretary prescribes7 that such plant will submit an application for license renewal to the ,nuclear ,regulatory ,commission in accordance with part #ed of title #aj1 ,code of ,federal ,regulations1 before ,january #a1 #bjbf4 7,c7 ,special rules 7i7 ,basis ,for purposes of subsection 7a71 the cumulative amounts paid or incurred by the taxpayer during the taxable year with respect to a qualifying nuclear power plant1 which are properly chargeable to capital account1 shall be treated as the basis of the qualified nuclear energy property placed in service for that taxable year4 7ii7 ,placed in service ,for purposes of subsection 7a71 qualified nuclear energy property shall be treated as having been placed in service on the last day of the taxable year in which the taxpayer pays or incurs such amounts described in clause 7i74 7iii7 ,recapture ,the ,secretary shall1 by regulations1 provide for recapturing the benefit of any credit allowable under subsection 7a7 to any qualifying nuclear power plant which made a certification pursuant to subparagraph 7,b7 but does not file an application of license renewal to the ,nuclear ,regulatory ,commission in accordance with part #ed of title #aj1 ,code of ,federal ,regulations1 before ,january #a1 #bjbf4 4 7d7 ,phaseout of #cj-,percent credit rate for nuclear energy property ,section #dh7;a7 of such ,code is amended by adding at the end the following new paragraph3 7#g7 ,phaseout for qualified nuclear energy property ,in the case of qualified nuclear energy property1 the energy percentage determined under paragraph 7#b7 shall be equal to-- 7,a7 in the case of any property placed in service after ,december #ca1 #bjbc1 and before ,january #a1 #bjbe1 #bf percent1 and 7,b7 in the case of any property placed in service after ,december #ca1 #bjbb1 and before ,january #a1 #bjbf1 #bb percent4 4 7e7 ,coordination with credit for production from advanced nuclear power facilities ,the last sentence of section #dh7;a77#c7 of such ,code is amended by inserting or #de;,j after section #de4 7f7 ,transfer of credit by certain public entities 7#a7 ,in general ,section #dh of such ,code is amended by adding at the end the following new subsection3 7e7 ,special rule for qualified nuclear energy property 7#a7 ,in general ,in the case of any qualified nuclear energy property1 if1 with respect to a credit under subsection 7a7 for any taxable year-- 7,a7 the taxpayer would be a qualified public entity1 and 7,b7 such entity elects the application of this subsection for such taxable year with respect to all 7or any portion specified in such election7 of such credit1 the eligible project partner specified in such election 7and not the qualified public entity7 shall be treated as the taxpayer for purposes of this title with respect to such credit 7or such portion thereof74 7#b7 ,definitions ,for purposes of this subsection3 7,a7 ,qualified public entity ,the term qualified public entity means-- 7i7 a ,federal1 ,state1 or local government entity1 or any political subdivision1 agency1 or instrumentality thereof1 7ii7 a mutual or cooperative electric company described in section #eja7;c77#ab7 or section #acha7;a77#b71 or 7iii7 a not-for-profit electric utility which has or had received a loan or loan guarantee under the ,rural ,electrification ,act of #aicf4 7,b7 ,eligible project partner ,the term eligible project partner means-- 7i7 any person responsible for operating1 maintaining1 or repairing the qualifying nuclear power plant to which the credit under subsection 7a7 relates1 7ii7 any person who participates in the provision of the nuclear steam supply system to the qualifying nuclear power plant to which the credit under subsection 7a7 relates1 7iii7 any person who participates in the provision of nuclear fuel to the qualifying nuclear power plant to which the credit under subsection 7a7 relates1 or 7iv7 any person who has an ownership interest in such facility4 7#c7 ,special rules 7,a7 ,application to partnerships ,in the case of a credit under subsection 7a7 which is determined with respect to qualified nuclear energy property at the partnership level-- 7i7 for purposes of paragraph 7#a77;,a71 a qualified public entity shall be treated as the taxpayer with respect to such entity's distributive share of such credit1 and 7ii7 the term eligible project partner shall include any partner of the partnership4 7,b7 ,taxable year in which credit taken into account ,in the case of any credit 7or portion thereof7 with respect to which an election is made under subsection 7e71 such credit shall be taken into account in the first taxable year of the eligible project partner ending with1 or after1 the qualified public entity's taxable year with respect to which the credit was determined4 7,c7 ,treatment of transfer under private use rules ,for purposes of section #ada7;b77#a71 any benefit derived by an eligible project partner in connection with an election under this subsection shall not be taken into account as a private business use4 4 7#b7 ,special rule for proceeds of transfers for mutual or cooperative electric companies ,section #eja7;c77#ab7 of such ,code is amended by adding at the end the following new subparagraph3 7,i7 ,in the case of a mutual or cooperative electric company described in this paragraph or an organization described in section #acha7;a77#b71 income received or accrued in connection with an election under section #dh7;e7 shall be treated as an amount collected from members for the sole purpose of meeting losses and expenses4 4 7g7 ,conforming amendment ,section #dh7;a77#b77;,a7 of such ,code is amended by striking paragraph 7#f7 and inserting paragraphs 7#f7 and 7#g74 7h7 ,effective date ,the amendments made by this section shall apply to periods after ,december #ca1 #bjai1 in taxable years ending after such date1 under rules similar to the rules of section #dh7m7 of the ,internal ,revenue ,code of #aihf 7as in effect on the day before the enactment of the ,revenue ,reconciliation ,act of #aiij74 #cjc4 ,expanding ,federal clean electricity purchasing requirements 7a7 ,amendments to the ,federal purchase requirements of the ,energy ,policy ,act of #bjje ,section #bjc of the ,energy ,policy ,act of #bjje 7#db ,u4,s4,c4 #aeheb7 is amended-- 7#a7 in subsection 7a71 by striking 1 the following amounts shall be renewable energy3 and inserting 1 such amount shall be made up of the following32 7#b7 in subsection 7a77#a71 by inserting shall be renewable energy after #bjji2 7#c7 in subsection 7a77#b71 by inserting shall be renewable energy after #bjab2 7#d7 in subsection 7a77#c71 by striking #g4e percent in fiscal year #bjac and each fiscal year thereafter4 and inserting #g4e percent in fiscal years #bjac through #bjai shall be renewable energy42 7#e7 in subsection 7a71 by adding at the end the following3 7#d7 ,not less than #ce percent in fiscal year #bjbj and each year thereafter shall be clean electricity4 2 7#f7 in subsection 7b71 by adding at the end the following3 7#c7 ,clean electricity ,the term clean electricity means-- 7,a7 renewable energy2 7,b7 any electric energy generated by a nuclear power plant2 and 7,c7 the percentage of electric energy generated by a power plant that equals the percentage of carbon dioxide emissions of such plant that are captured and sequestered4 2 7#g7 in subsection 7c71 by striking renewable energy and inserting clean electricity in each place it occurs2 7#h7 by redesignating subsection 7d7 as subsection 7e72 and 7#i7 by inserting after subsection 7c7 the following3 7d7 ,power purchase agreement ,for the purposes of this section1 the ,secretary may enter into a power purchase agreement for as much as all of the electricity output of a nuclear power plant for the duration of the operational life of such plant if such plant supplies electricity for purposes of national security or mission-critical activities4 4 7b7 ,amendments to energy policies of the ,department of ,defense and the ,department of ,homeland ,security ,subtitle ,b of title ,,vi of the ,energy ,policy ,act of #bjje is amended by adding at the end the following3 #fci;,a4 ,long-term nuclear power purchase agreement pilot program 7a7 ,establishment ,the ,secretary shall establish and carry out a pilot program for long-term power purchase agreements for electricity generated by nuclear power4 7b7 ,requirements ,in carrying out the pilot program established under subsection 7a71 the ,secretary shall-- 7#a7 consult and coordinate with the heads of other ,federal agencies that may benefit from purchasing nuclear power for a period of longer than #aj years1 including-- 7,a7 the ,secretary of ,defense2 7,b7 the ,administrator of ,general ,services2 and 7,c7 the ,secretary of ,homeland ,security2 and 7#b7 not later than #e years after the date of enactment of this section1 enter into at least #a power purchase agreement with the owner or operator of a commercial nuclear power plant for up to #cj years4 7c7 ,priority ,in carrying out the pilot program established under subsection 7a71 the ,secretary shall prioritize entering into a power purchase agreement with the owner or operator of a plant that uses first-of-a-kind or early deployment nuclear technologies that can provide reliable and resilient power to high-value assets for national security purposes or other purposes1 which the ,secretary determines are in the national interest1 especially in remote off-grid scenarios or grid-connected scenarios that can provide capabilities commonly known as islanding power capabilities during an emergency scenario4 7d7 ,effect on rates ,a power purchase agreement entered into under this section may be at a rate that is higher than the average market rate if the power purchase agreement fulfills an applicable consideration described in subsection 7c74 4 7c7 ,table of contents ,the table of contents of the ,energy ,policy ,act of #bjje 7,public ,law #aji-eh2 #aai ,stat4 #eid7 is amended by inserting after the item relating to section #fci the following3 ,sec4 #fci;,a4 ,long-term nuclear power purchase agreement pilot program4 4 7d7 ,authorization of long-,term power purchase agreements ,section #eja7;b77#a7 of title #dj1 ,united ,states ,code1 is amended by striking subparagraph 7,b7 and inserting the following3 7,b7 ,public utility contracts 7i7 ,term 7,i7 ,in general ,a contract under this paragraph to purchase electricity service from a public utility may be for a period of not more than #dj years4 7,,ii7 ,other public utility services ,a contract under this paragraph for a public utility service other than a service described in subclause 7,i7 may be for a period of not more than #aj years4 7ii7 ,costs ,the cost of a contract under this paragraph for any fiscal year may only be paid from the appropriations for that fiscal year4 4 #cjd4 ,modernizing the ,nuclear ,regulatory ,commission 7a7 ,reducing the administrative burden of licensing activities for new designs of advanced nuclear reactors 7#a7 ,report ,not later than #ij days after the date of enactment of this section1 the ,commission shall submit to the ,committee on ,energy and ,commerce of the ,house of ,representatives and the ,committee on ,energy and ,natural ,resources of the ,senate a report that recommends how to improve the processes1 procedures1 and1 if appropriate1 regulations of the ,commission with respect to licensing1 certification1 and approval of advanced nuclear reactor designs4 7#b7 ,required recommendations ,the report submitted under paragraph 7#a7 shall include recommendations to-- 7,a7 improve all ,commission actions with respect to licensing1 certification1 and approval of advanced nuclear reactor designs1 including actions to meet the ,commission's obligations under the ,national ,environmental ,policy ,act of #aifi 7#db ,u4,s4,c4 #dbca et seq472 7,b7 emphasize risk-informed and performance-based regulatory approaches2 and 7,c7 enable the ,commission to finalize its review of an application to approve the design of an advanced nuclear reactor in no more than two years4 7b7 ,study on elimination of foreign licensing restrictions ,not later than #ah months after the date of enactment of this section1 the ,comptroller ,general1 in consultation with the ,secretary1 shall submit to ,congress a report containing the results of a study on the feasibility and implications of repealing restrictions under sections #ajc d4 and #ajd d4 of the ,atomic ,energy ,act of #aied 7#db ,u4,s4,c4 #bjaa et seq474 7c7 ,study on the impact of the elimination of mandatory hearings for uncontested licensing applications ,not later than #ah months after the date of enactment of this section1 the ,comptroller ,general1 in consultation with the ,secretary1 shall submit to ,congress a report containing the results of a study on the estimated effect of eliminating the requirement to hold a hearing for uncontested applications for an operating license or construction permit under section #ahi of the ,atomic ,energy ,act of #aied 7#db ,u4,s4,c4 #bbci74 7d7 ,informal hearing procedures 7#a7 ,procedures ,section #ahi a4 of the ,atomic ,energy ,act of #aied 7#db ,u4,s4,c4 #bbci7;a77 is amended by adding at the end the following3 7#c7 ,any hearing under this section shall be conducted using informal adjudicatory procedures in accordance with section #eee of title #e1 ,united ,states ,code1 unless the ,commission determines that formal adjudicatory procedures under section #eed1 #eef1 or #eeg of title #e1 ,united ,states ,code are necessary-- 7,a7 to develop a sufficient record2 or 7,b7 to achieve fairness4 4 7#b7 ,hearings on licensing of uranium enrichment facilities ,section #aic7;b7 of the ,atomic ,energy ,act of #aied 7#db ,u4,s4,c4 #bbdc7;b77 is amended-- 7,a7 in paragraph 7#a71 by striking on the record and all that follows through and #fc and inserting upon a request for a hearing on the licensing of construction and operation of a uranium enrichment facility under sections #ec and #fc1 the ,commission shall conduct a single adjudicatory hearing2 and 7,b7 in paragraph 7#b71 by striking ,such hearing and inserting ,if a hearing is held under paragraph 7#a71 the hearing4 7e7 ,application reviews for nuclear energy projects ,section #ahe of the ,atomic ,energy ,act of #aied 7#db ,u4,s4,c4 #bbce7 is amended by adding at the end the following3 c4 ,application review for nuclear energy projects4-- 7#a7 ,streamlining license application review ,with respect to an application for a construction permit1 operating license1 or combined construction permit and operating license for a production facility or utilization facility1 the ,commission shall-- 7,a7 undertake an expedited environmental review process and issue any draft environmental impact statements 7as required under the ,national ,environmental ,policy ,act of #aifi 7#db ,u4,s4,c4 #dcba et seq477 for the application not later than #bd months after the date on which the application is accepted for docketing2 and 7,b7 complete the technical review process of the application1 issue any safety evaluation reports1 and issue any final environmental impact statements 7as required under the ,national ,environmental ,policy ,act of #aifi 7#db ,u4,s4,c4 #dcba et seq47 for the application7 not later than #bd months after the date on which the application is accepted for docketing4 7#b7 ,use of early site permit environmental impact statement 7,a7 ,supplemental environmental impact statement ,in a proceeding for a combined construction permit and operating license for a site for which an early site permit has been issued1 any environmental impact statement prepared by the ,commission and cooperating agencies 7as required under the ,national ,environmental ,policy ,act of #aifi 7#db ,u4,s4,c4 #dcba et seq477 shall be prepared as a supplement to the environmental impact statement prepared for the early site permit4 7,b7 ,incorporation by reference ,the supplemental environmental impact statement prepared under subparagraph 7,a7 shall-- 7i7 incorporate by reference the analysis1 findings1 and conclusions from the environmental impact statement prepared for the applicable early site permit2 and 7ii7 include additional discussion1 analyses1 findings1 and conclusions on matters resolved in the early site permit proceeding only to the extent necessary to address information that-- 7,i7 is new2 and 7,,ii7 would materially change the prior findings or conclusions4 7#c7 ,production or utilization facility located at an existing site ,in reviewing an application for an early site permit1 construction permit1 operating license1 or combined construction permit and operating license for a proposed production facility or utilization facility that is to be located at the site of an already licensed production facility or utilization facility1 the ,commission shall1 to the extent practicable1 use information that was part of the determination to issue a license for the already licensed production facility or utilization facility4 7#d7 ,hearing on early site permit1 construction permit1 and combined construction permit and operating license 7,a7 ,in general ,the ,commission shall issue and make immediately effective an early site permit or construction permit for a production facility or utilization facility upon the ,commission's finding that the application therefor satisfies the requirements of this ,act1 notwithstanding any outstanding request for a hearing for such license4 7,b7 ,appropriate action ,following completion of any required hearing1 the ,commission shall take any appropriate action with respect to the early site permit1 construction permit1 or combined construction permit and operating license to the extent necessary to account for the hearing results4 7#e7 ,early site permit defined ,in this subsection1 the term early site permit has the meaning given such term in section #eb4a of title #aj1 ,code of ,federal ,regulations 7as in effect on the date of enactment of this subsection74 4 7f7 ,definitions ,in this section3 7#a7 ,advanced nuclear reactor ,the term advanced nuclear reactor means a nuclear fission or nuclear fusion reactor1 including a prototype plant 7as such term is defined in section #ej4b or section #eb4a of title #aj1 ,code of ,federal ,regulations1 as in effect on the date of enactment of this section71 with significant improvements compared to a commercial nuclear reactor that is under construction as of the date of enactment of this section1 including improvements such as-- 7,a7 additional inherent safety features2 7,b7 significantly lower levelized cost of electricity2 7,c7 lower waste yields2 7,d7 greater fuel utilization2 7,e7 enhanced reliability2 7,f7 increased proliferation resistance2 7,g7 increased thermal efficiency2 7,h7 reduced consumption of cooling water2 7,i7 the ability to integrate into electric applications and nonelectric applications2 7,j7 modular sizes to allow for deployment that corresponds with the demand for electricity2 or 7,k7 operational flexibility to respond to changes in demand for electricity and to complement integration with intermittent renewable energy4 7#b7 ,applicant ,the term applicant means an applicant for a license1 certification1 permit1 or other form of approval from the ,commission for an advanced nuclear reactor or a research and test reactor4 7#c7 ,commission ,the term ,commission means the ,nuclear ,regulatory ,commission4 7g7 ,authorization of appropriations 7#a7 ,in general ,there are authorized to be appropriated to carry out subsections 7a71 7b71 and 7c7 #bj1jjj1jjj for each of fiscal years #bjba through #bjcj1 to remain available until expended4 7#b7 ,off-fee appropriation ,any funds appropriated to carry out this section may not be recovered by the ,commission through the collection of user fees from existing licensees4 #cje4 ,demonstration and early deployment of advanced nuclear reactors 7a7 ,in general ,subtitle ,b of title ,,vi of the ,energy ,policy ,act of #bjje 7,public ,law #aji-eh2 #aai ,stat4 #ghb7 is further amended by adding after section #fci7;,a7 7as added by this ,act7 the following3 #fci;,b4 ,advanced nuclear reactor research and development goals 7a7 ,in general ,the ,secretary shall1 as soon as practicable after the date of enactment of this section1 enable the commercial deployment of domestic1 advanced1 affordable1 and clean nuclear energy by-- 7#a7 demonstrating different advanced nuclear reactor technologies that may be used by the private sector to produce-- 7,a7 emission-free power at a cost of not more than #gj per m,wh2 7,b7 heat for industrial purposes or synthetic fuel production2 7,c7 a supply of remote or off-grid energy2 or 7,d7 a power supply that is a necessary backup to a mission for which uninterrupted power is critical2 7#b7 developing goals for nuclear energy research programs1 which are carried out by the ,office of ,nuclear ,energy of the ,department of ,energy2 7#c7 identifying research that the private sector is unable or unwilling to undertake due to the cost of1 or risks associated with1 the research2 and 7#d7 facilitating the access of the private sector-- 7,a7 to ,federal research facilities2 and 7,b7 to the results of research funded by the ,federal ,government4 7b7 ,demonstration projects 7#a7 ,in general ,not later than ,december #ca1 #bjbe1 the ,secretary shall establish a program to enter into agreements to carry out no fewer than #e demonstration projects pursuant to subsection 7a77#a7 to demonstrate the suitability of advanced nuclear reactors for commercial applications4 7#b7 ,requirements ,in carrying out demonstration projects under paragraph 7#a71 the ,secretary shall-- 7,a7 ensure the demonstration projects under paragraph 7#a7 cover a diverse range of designs1 including designs using different primary coolants2 7,b7 ensure that-- 7i7 the long-term cost of electricity or heat for each design involved in a demonstration project carried out under this subsection is cost-competitive in the applicable market2 and 7ii7 such cost-competitiveness is verified by an external review2 7,c7 enter into cost-sharing agreements with partners in accordance with section #ihh for the conduct of activities relating to the research1 development1 and demonstration of private-sector advanced nuclear reactor designs under the program established under paragraph 7#a72 7,d7 work with private sector partners to identify potential sites1 including sites owned by the ,department1 to carry out demonstration projects1 as appropriate2 and 7,e7 align specific activities carried out under demonstration projects that are carried out under this subsection1 with priorities identified through direct consultation between-- 7i7 the ,secretary2 7ii7 the ,national ,laboratories2 7iii7 traditional end-users 7such as an electric utility72 7iv7 potential end-users of new technologies 7such as petrochemical companies72 and 7v7 developers of advanced nuclear reactor technology4 7c7 ,research and development goals 7#a7 ,in general ,the ,secretary shall establish and annually update goals for the research to support the demonstration of advanced reactors under subsection 7b7 and the deployment of subsequent advanced reactors4 7#b7 ,coordination ,in developing and updating the goals1 the ,secretary shall coordinate with members of private industry4 7#c7 ,requirements ,in developing the goals1 the ,secretary shall ensure that-- 7,a7 research activities are focused on-- 7i7 key areas of nuclear research1 development1 and deployment that range from basic research on advanced nuclear reactor generation to full-design development1 safety evaluation1 and licensing2 7ii7 resolving materials challenges relating to radiation damage or corrosive coolants2 and 7iii7 qualification of advanced nuclear fuel2 7,b7 infrastructure1 such as a versatile reactor-based fast neutron source1 which is required to be established in section #iee7;c77#a7 of the ,energy ,policy ,act of #bjje 7#db ,u4,s4,c4 #afbge7;c77#a771 or a molten salt testing facility to aid in research1 is constructed2 and 7,c7 advanced manufacturing and construction techniques and materials are analyzed to identify strategies to reduce the commercialization cost of advanced nuclear reactors4 7d7 ,definitions ,in this section3 7#a7 ,advanced nuclear reactor ,the term advanced nuclear reactor means a nuclear fission or nuclear fusion reactor1 including a prototype plant 7as such term is defined in section #ej4b or section #eb4a of title #aj1 ,code of ,federal ,regulations 7as in effect on the date of enactment of this section771 with significant improvements compared to a commercial nuclear reactor that is under construction as of the date of enactment of this section1 including improvements such as-- 7,a7 additional inherent safety features2 7,b7 significantly lower levelized cost of electricity2 7,c7 lower waste yields2 7,d7 greater fuel utilization2 7,e7 enhanced reliability2 7,f7 increased proliferation resistance2 7,g7 increased thermal efficiency2 7,h7 reduced consumption of cooling water2 7,i7 the ability to integrate into electric applications and nonelectric applications2 7,j7 modular sizes to allow for deployment that corresponds with the demand for electricity2 or 7,k7 operational flexibility to respond to changes in demand for electricity and to complement integration with intermittent renewable energy4 7#b7 ,demonstration project ,the term demonstration project means a project carried out under subsection 7b7 that-- 7,a7 includes operation of an advanced nuclear reactor as part of the power generation facilities of an electric utility system2 or 7,b7 demonstrates the suitability of an advanced nuclear reactor for commercial application4 7e7 ,authorization of appropriations ,there are authorized to be appropriated to the ,secretary to carry out this section #a1jjj1jjj1jjj for each of fiscal years #bjba through #bjcj4 4 7b7 ,table of contents amendment ,the table of contents of the ,energy ,policy ,act of #bjje 7#db ,u4,s4,c4 #aehja note7 is further amended by adding after the item relating to section #fci;,a 7as added by this ,act7 the following3 ,sec4 #fci;,b4 ,advanced nuclear reactor research and development goals4 4 #cjf4 ,advanced nuclear fuel security program 7a7 ,findings ,congress finds that-- 7#a7 the national security nuclear enterprise1 which supports the nuclear weapons stockpile stewardship and reactors functions of the ,national ,nuclear ,security ,administration1 requires a domestic fuel cycle1 including uranium mining1 uranium processing1 uranium enrichment1 and fuel fabrication1 capable of producing low- and high-enriched uranium2 7#b7 many domestic advanced nuclear power industry participants require access to high-assay1 low-enriched uranium fuel for-- 7,a7 initial fuel testing2 7,b7 operation of demonstration reactors2 and 7,c7 commercial operation of advanced nuclear reactors2 7#c7 as of the date of enactment of this ,act1 no domestic uranium enrichment or fuel fabrication capability exists for uranium fuel enriched to greater than #aj weight percent of the uranium-#bce isotope2 7#d7 a healthy commercial nuclear fuel cycle capable of providing higher levels of enriched uranium would benefit-- 7,a7 the relevant national security functions of the ,national ,nuclear ,security ,administration2 and 7,b7 the domestic advanced nuclear industry of the ,united ,states2 and 7#e7 making limited quantities of high-assay1 low-enriched uranium available from ,department stockpiles of uranium would allow for initial fuel testing and demonstration of advanced nuclear reactor concepts1 accelerating-- 7,a7 the path to market of those concepts2 and 7,b7 the development of-- 7i7 a market for advanced nuclear reactors2 and 7ii7 a resulting growing commercial nuclear fuel cycle capability4 7b7 ,nuclear energy 7#a7 ,in general ,subtitle ,e of title ,,ix of the ,energy ,policy ,act of #bjje 7#db ,u4,s4,c4 #afbga et seq47 is amended by adding at the end the following3 #iei;,a4 ,advanced nuclear fuel security program 7a7 ,high-,assay1 low-,enriched uranium program for advanced nuclear reactors 7#a7 ,establishment ,not later than #a year after the date of enactment of this section1 the ,secretary shall establish a program 7in this section known as the ,program7 to make available high-assay1 low-enriched uranium1 through contracts for sale1 resale1 transfer1 or lease1 for use in advanced nuclear reactors4 7#b7 ,nuclear fuel ownership ,each contract under paragraph 7#a7 shall include a provision that-- 7,a7 requires that any high-assay1 low-enriched uranium sold1 resold1 transferred1 or leased under such contract shall remain the property of the ,secretary2 and 7,b7 the ,secretary shall be responsible for the final disposition of all radioactive waste created by the irradiation1 processing1 or purification of any such uranium4 7#c7 ,quantity ,in carrying out the ,program1 the ,secretary shall make available-- 7,a7 by ,december #ca1 #bjbb1 high-assay1 low-enriched uranium containing not less than #b metric tons of the uranium-#bce isotope2 and 7,b7 by ,december #ca1 #bjbe1 high-assay1 low-enriched uranium containing not less than #aj metric tons of the uranium-#bce isotope1 which shall include the quantities of the uranium-#bce isotope required to be made available under subparagraph 7,a74 7#d7 ,factors for consideration ,in carrying out the ,program1 the ,secretary shall take into consideration options for providing high-assay1 low-enriched uranium from the stockpile of uranium owned by the ,department 7including the ,national ,nuclear ,security ,administration71 including by providing from among such stockpile-- 7,a7 fuel that-- 7i7 directly meets the needs of an end-user2 and 7ii7 has been previously used or fabricated for another purpose2 7,b7 fuel that can meet the needs of an end-user after removing radioactive contaminants or other contaminants that resulted from a previous use or fabrication of the fuel for research1 development1 demonstration1 or deployment activities of the ,department 7including activities of the ,national ,nuclear ,security ,administration72 and 7,c7 fuel from a high-enriched uranium stockpile1 which can be blended with lower-assay uranium to become high-assay1 low-enriched uranium that may be used in an advanced nuclear reactor4 7#e7 ,limitation ,the ,secretary shall not barter or otherwise sell1 resell1 or transfer uranium in any form in exchange for services relating to the final disposition of radioactive waste from uranium that is the subject of a sale1 lease1 release1 or transfer under this section4 7#f7 ,sunset ,the ,program shall terminate on the earlier of-- 7,a7 ,january #a1 #bjce2 or 7,b7 the date on which uranium enriched up to1 but not equal to1 #bj weight percent can be obtained in the commercial market from domestic suppliers1 as determined by the ,secretary4 7b7 ,report 7#a7 ,in general ,not later than #ahj days after the date of enactment of this section1 the ,secretary shall submit to the ,committee on ,energy and ,natural ,resources of the ,senate and the ,committee on ,energy and ,commerce of the ,house of ,representatives a report that-- 7,a7 describes the actions the ,secretary proposes to carry out under the ,program2 and 7,b7 includes-- 7i7 the estimates under paragraph 7#c72 and 7ii7 the evaluations under paragraph 7#d74 7#b7 ,coordination and stakeholder input ,in developing the report required under paragraph 7#a71 the ,secretary shall seek input from-- 7,a7 the ,nuclear ,regulatory ,commission2 7,b7 the ,national ,laboratories2 7,c7 institutions of higher education 7as such term is defined in section #aja of the ,higher ,education ,act of #aife 7#bj ,u4,s4,c4 #ajja7;a7772 7,d7 a diverse group of entities operating in the nuclear energy industry2 and 7,e7 a diverse group of technology developers4 7#c7 ,cost and schedule estimates ,the report required under paragraph 7#a7 shall include estimated costs1 budgets1 and timeframes for enabling the use of high-assay1 low-enriched uranium4 7#d7 ,required evaluations ,the report required under paragraph 7#a7 shall evaluate-- 7,a7 the costs of the actions required to establish and carry out the ,program1 including with respect to-- 7i7 proposed preliminary terms for the sale1 resale1 transfer1 and leasing of high-assay1 low-enriched uranium 7including guidelines defining the roles and responsibilities of the ,department and the purchaser1 transfer recipient1 or lessee72 and 7ii7 the potential to coordinate with purchasers1 transfer recipients1 and lessees regarding-- 7,i7 fuel fabrication2 and 7,,ii7 fuel transportation2 7,b7 the potential sources of uranium and fuel forms available to carry out the ,program2 7,c7 options to coordinate carrying out the ,program with the operation of the versatile reactor-based fast neuron source1 which is required to be established under section #iee7;c7 of the ,energy ,policy ,act of #bjje 7#db ,u4,s4,c4 #afbge7;c772 7,d7 the ability of the domestic uranium market to provide materials for advanced nuclear reactor fuel2 and 7,e7 any associated legal1 regulatory1 and policy issues that should be addressed to-- 7i7 carry out the ,program2 and 7ii7 enable the establishment of a domestic industry capable of providing high-assay1 low-enriched uranium for commercial and noncommercial purposes1 including with respect to the needs of-- 7,i7 the ,department2 7,,ii7 the ,secretary of ,defense2 and 7,,iii7 the under ,secretary of the ,national ,nuclear ,security ,administration4 7c7 ,definitions ,in this section3 7#a7 ,high-assay1 low-enriched uranium ,the term high-assay1 low-enriched uranium means uranium that is enriched with the uranium-#bce isotope in an assay weight that is greater than #e percent1 but less than #bj percent4 7#b7 ,high-enriched uranium ,the term high-enriched uranium means uranium that is enriched with the uranium-#bce isotope in an assay weight of #bj percent or more4 4 7#b7 ,table of contents ,the table of contents of the ,energy ,policy ,act of #bjje 7,public ,law #aji-eh2 #aai ,stat4 #eid7 is amended-- 7,a7 in the item relating to section #ieg1 by inserting ,sec4 before #ieg2 7,b7 in the item relating to section #ieh1 by inserting ,sec4 before #ieh2 7,c7 in the item relating to section #iei1 by inserting ,sec4 before #iei2 and 7,d7 by adding after the item relating to section #iei 7as amended by this paragraph7 the following3 ,sec4 #iei;,a4 ,advanced nuclear fuel security program4 4 #cjg4 ,authorization of appropriations for loan guarantees for advanced nuclear facilities ,section #agjd of the ,energy ,policy ,act of #bjje 7#db ,u4,s4,c4 #afead7 is amended by adding at the end the following3 7c7 ,advanced nuclear energy facilities ,the ,secretary is authorized to make guarantees and credit subsidies for advanced nuclear energy facilities under section #agjc7;b77#d7 for loans of #aj1jjj1jjj1jjj for each of fiscal years #bjba through #bjcj1 to remain available until expended4 4 #cjh4 ,expanding the production tax credit for nuclear power ,section #de;,j of the ,internal ,revenue ,code of #aihf is amended-- 7#a7 in subsection 7a77#a71 by striking #a4h cents and inserting #b4g cents2 7#b7 in subsection 7b77#e77;,b77ii71 by striking #f1jjj megawatts and inserting #ae1jjj megawatts2 and 7#c7 in subsection 7e71 by striking paragraph 7#a7 and redesignating paragraphs 7#b7 and 7#c7 as 7#a7 and 7#b71 respectively4 #cji4 ,authorizations of appropriations for innovation in nuclear power ,there are authorized to be appropriated to the ,secretary #a1jjj1jjj1jjj for each of fiscal years #bjba through #bjcj-- 7#a7 for ,gateway for ,accelerated ,innovation in ,nuclear vouchers2 7#b7 for advanced nuclear technology development funding opportunity announcements2 7#c7 for advanced small modular reactor research and development2 7#d7 for the advanced reactor demonstration program2 and 7#e7 up to #fj1jjj1jjj for the ,nuclear ,reactor ,innovation ,center4 ,,iv ,clean ,electricity ,standard #dja4 ,certification of cost-effective market penetration of clean electricity technologies ,title ,,vi of the ,public ,utility ,regulatory ,policies ,act of #aigh 7#af ,u4,s4,c4 #bfja et seq47 is amended by adding at the end the following3 #faj4 ,federal decarbonization and innovation assessment program 7a7 ,in general ,not later than #b years after the date of enactment of this section1 the ,secretary1 after consultation with the ,administrator of the ,environmental ,protection ,agency1 shall establish a program1 to be known as the ,federal ,decarbonization and ,innovation ,assessment ,program1 to annually review and monitor progress towards the achievement of-- 7#a7 an #hj percent reduction in annual power sector carbon dioxide emissions1 below the level in the year of enactment1 by #bjej2 and 7#b7 cost-effective market penetration of advanced clean power generation technologies1 in accordance with subsection 7b74 7b7 ,cost-,effective market penetration ,cost-effective market penetration of advanced clean power generation technologies shall be deemed to have occurred on the date when the ,secretary determines that-- 7#a7 at least #c gigawatts of new electricity generating capacity using any type of eligible technology has come into commercial operation since enactment of this section1 provided that-- 7,a7 less than #ej percent of the capital costs of such capacity has been subsidized with ,federal funds2 and 7,b7 at least #a gigawatt of the new electricity generating capacity using eligible technology is coal-fired electricity generation using carbon capture utilization and storage technology2 or 7#b7 at least one type of eligible technology has similar operating characteristics1 such as dispatchability upon demand and duty cycle1 as existing fossil-fueled electricity generation and1 based on data provided by the ,energy ,information ,administration1 has a total cost of electricity generation that is not more than #aj percent higher than the average total cost of electricity generation from such existing fossil-fueled electricity generation that has been constructed within the #e years prior to enactment of this section4 7c7 ,certification of cost-,effective market penetration ,upon making the determination described under subsection 7b71 but no earlier than #e years after enactment of this section1 the ,secretary shall certify that cost-effective market penetration of advanced clean power generation technologies has occurred4 7d7 ,definitions ,in this section3 7#a7 ,advanced dispatchable renewable generation ,the term advanced dispatchable renewable generation means renewable electricity generation capacity that the ,secretary has determined can be used upon demand by grid operators1 including renewable electricity generation facilities that are supported by long-duration energy storage4 7#b7 ,advanced nuclear power generation ,the term advanced nuclear power generation means electricity generation capacity using an advanced nuclear reactor1 as such term is defined in section #fdj of the ,energy ,policy ,act of #bjje4 7#c7 ,eligible technologies ,the term eligible technologies means the following types of technologies3 7,a7 ,advanced nuclear power generation4 7,b7 ,advanced dispatchable renewable generation4 7,c7 ,fossil-fueled electricity generation equipped with carbon capture technology1 from which at least #ij percent of carbon dioxide output is captured and utilized or stored in a manner that prevents emission to the atmosphere4 4 #djb4 ,federal clean electricity standard ,title ,,vi of the ,public ,utility ,regulatory ,policies ,act of #aigh 7#af ,u4,s4,c4 #bfja et seq47 is further amended by adding after section #faj 7as added by this ,act7 the following3 #faa4 ,federal clean electricity standard 7a7 ,clean electricity requirement 7#a7 ,definition of retail electricity supplier ,in this section1 as determined for each calendar year1 the term retail electricity supplier means an entity in the ,united ,states that sold not fewer than #bj megawatt-hours of electric energy to electric consumers for purposes other than resale during the preceding calendar year4 7#b7 ,in general ,effective beginning in the first compliance period of the program1 and for each compliance period thereafter1 each retail electricity supplier shall surrender clean electricity credits corresponding to the required percentage1 as determined under paragraph 7#c71 of the electric energy it sells to electric consumers4 7#c7 ,determination of required percentage ,the ,secretary shall determine1 and may adjust as needed1 the required percentage for each compliance period1 such that the power sector achieves1 by #bjej1 a reduction in carbon dioxide emissions of #hj percent from emission levels in the year of enactment of this section1 and that carbon dioxide emission levels are reduced linearly in each compliance period through #bjej1 provided that-- 7,a7 in #bjbf1 the ,secretary shall make a projection of the electricity generated in #bjcj that could qualify for clean electricity credits under subsection 7d72 7,b7 the required percentage for the first compliance period shall be the greater of-- 7i7 the percentage of electricity generated that would qualify for issuance of clean electricity credits under subsection 7d7 in the year of enactment of this section2 and 7ii7 the ,secretary's projection for #bjcj under subparagraph 7,a72 and 7,c7 the required percentage shall be uniform for each retail electric supplier regulated under this section for any compliance period4 7#d7 ,early projection of required percentage to promote compliance planning ,not later than two years after the date of enactment of this section1 the ,secretary shall make a projection of the required percentage for the first compliance period1 extrapolating from the prior five years of electricity generation4 7b7 ,compliance ,a retail electric supplier shall meet the requirements of subsection 7a7 for each compliance period by-- 7#a7 submitting to the ,secretary a number of clean electricity credits equal to the product of the required percentage for the compliance period times the volume of electric energy the retail electric supplier sold to consumers during the compliance period2 7#b7 paying an amount equal to the product of the alternative compliance payment1 in the amount specified in subsection 7h71 times the number of clean electricity credits that would otherwise be due under paragraph 7#a7 in the compliance period2 or 7#c7 taking a combination of the actions described in paragraphs 7#a7 and 7#b74 7c7 ,federal clean electricity credit trading program 7#a7 ,establishment ,not later than #ahj days after the program trigger date1 the ,secretary shall establish a ,federal clean electricity credit accounting and trading program under which clean electricity credits may be acquired1 sold1 transferred1 and held and electric utilities may submit to the ,secretary clean electricity credits to comply with the requirements of this section4 7#b7 ,clean electricity credits ,each year1 the ,secretary shall issue to each generator of electric energy a quantity of clean electricity credits determined in accordance with subsection 7d74 7#c7 ,administration ,each clean electricity credit issued under this subsection shall be used only once for the purpose of complying with the requirements of this section4 7#d7 ,delegation of program administration ,in carrying out this subsection1 the ,secretary may delegate-- 7,a7 to the ,commission1 the implementation of some or all of the program established under paragraph 7#a72 and 7,b7 to appropriate entities1 the tracking of clean electricity credits4 7#e7 ,banking of clean electricity credits ,clean electricity credits issued under subsection 7d7 shall be valid for the compliance period in which the clean electricity credit is issued or in any subsequent compliance period4 7d7 ,issuance of clean electricity credits 7#a7 ,in general ,for each calendar year1 starting with the year of the program effective date1 the ,secretary shall issue clean electricity credits to each electricity generator in the ,united ,states that has sold electricity and has an annual carbon intensity of less than #j4hbe metric tons per megawatt-hour4 7#b7 ,determination of credits issued ,the number of clean electricity credits issued under paragraph 7#a7 shall be equal to the product of-- 7,a7 the number of megawatt-hours of electric energy sold from the electricity generator2 and 7,b7 #a4j minus the quotient obtained by dividing-- 7i7 the annual carbon intensity of the generator1 as determined in accordance with paragraph 7#c71 expressed in metric tons per megawatt-hour2 by 7ii7 #j4hb4 7#c7 ,determination of annual carbon intensity of generating facilities ,with respect to paragraph 7#b77;,b77i71 the ,secretary shall determine1 in consultation with the ,administrator of the ,environmental ,protection ,agency1 the annual carbon intensity of each generator by dividing-- 7,a7 the net annual carbon dioxide emissions of the generator2 by 7,b7 the annual quantity of electric energy generated and sold by the generator4 7e7 ,dynamic crediting ,if the ,secretary approves use of a dynamic crediting methodology or methodologies under section #fab7;c71 the ,secretary shall implement such methodology or methodologies in lieu of the crediting methodology established under subsection 7d77#b7 as a means of issuing clean electricity credits4 7f7 ,civil penalties 7#a7 ,in general ,subject to paragraph 7#b71 a retail electric supplier that fails to meet the requirements to submit clean electricity credits or make alternative compliance payments as required by subsection 7b7 shall be subject to a civil penalty in an amount equal to the product obtained of-- 7,a7 the number of megawatt-hours of electric energy sold by the retail electric supplier to electric consumers in violation of subsection 7b72 and 7,b7 #bjj percent of the value of the applicable alternative compliance payment as determined under subsection 7h74 7#b7 ,procedure for assessing penalty ,the ,secretary shall assess a civil penalty under this subsection in accordance with the procedures for assessing a penalty against a person under section #ccc7;d7 of the ,energy ,policy and ,conservation ,act 7#db ,u4,s4,c4 #fcjc7;d774 7g7 ,savings provision ,nothing in this section affects the authority of a ,state1 or a political subdivision of a ,state1 to adopt or enforce any law relating to-- 7#a7 clean electricity or renewable energy2 7#b7 carbon dioxide emissions2 or 7#c7 the regulation of a retail electric supplier4 7h7 ,alternative compliance payment 7#a7 ,initial amount ,the alternative compliance payment for the first year of the first compliance period shall be #cj per megawatt hour4 7#b7 ,annual adjustments to alternative compliance payment ,for each year after the first year of the first compliance period1 the ,secretary shall increase the amount of the alternative compliance payment from the amount for the prior year by #e percent4 ,the ,secretary may make an additional annual adjustment to account for inflation1 as the ,secretary may determine necessary4 7i7 ,regulations ,not later than #a year after the date of enactment of this section1 the ,secretary shall promulgate regulations to implement this section4 7j7 ,definitions ,in this section3 7#a7 ,compliance period ,the term compliance period means the #c-year period starting on the program effective date and each #c-year period thereafter until #bjej4 7#b7 ,program trigger date ,the term program trigger date means ,january #a of the first calendar year after the ,secretary issues the certification under section #faj7;c74 7#c7 ,program effective date ,the term program effective date means the earlier of-- 7,a7 ,january #a of the first calendar year that starts two years after the program trigger date2 or 7,b7 ,january #a of the first calendar year that is more than #aj years after the date of enactment of this section4 #fab4 ,use of dynamic crediting to issue clean electricity credits 7a7 ,identification of dynamic crediting methodologies ,not later than #b years after the date of enactment of this section1 the ,secretary1 in consultation with the ,administrator of the ,environmental ,protection ,agency1 shall identify methodologies for calculating the carbon dioxide emissions from electricity generating resources that are avoided or displaced by increasing the generation from generating facilities eligible to receive clean electricity credits under section #faa7;d74 ,in carrying out this subsection1 the ,secretary shall-- 7#a7 identify methodologies that estimate in an accurate manner the net carbon dioxide emissions avoided or displaced due to the electricity generated by each specific generating facility in each generation dispatch interval2 and 7#b7 identify such a methodology or methodologies1 as appropriate for generation resources located within the region served by a regional transmission organization or independent system operator1 as defined in section #c of the ,federal ,power ,act 7#af ,u4,s4,c4 #gif71 and for generation resources operating outside such regions4 7b7 ,commission review of dynamic crediting methodologies 7#a7 ,the ,secretary shall share the identified dynamic crediting methodologies with the ,commission4 7#b7 ,not later than #abj days after its receipt of the dynamic crediting methodologies from the ,secretary1 the ,commission shall hold a technical conference in partnership with ,state electric utility regulators to evaluate the dynamic crediting methodologies1 including evaluation of alternatives4 7#c7 ,not later than #ahj days after the technical conference held pursuant to paragraph 7#b71 and after providing an opportunity for public comment1 the ,commission shall provide a report to the ,secretary on the technical conference and any ,commission recommendations or evaluation concerning dynamic crediting methodologies4 7c7 ,determination ,no later than #ahj days following receipt of the report provided pursuant to subsection 7b77#c71 the ,secretary1 in consultation with the ,administrator of the ,environmental ,protection ,agency1 shall approve use of one or more identified dynamic crediting methodologies to issue clean electricity credits if the ,secretary determines that such use would-- 7#a7 significantly enhance confidence that a clean electricity standard would achieve the carbon dioxide emission reduction targets set forth in section #faa7;a77#b72 or 7#b7 significantly reduce the costs of achieving such targets4 7d7 ,use of dynamic crediting methodologies ,if the ,secretary approves one or more identified dynamic crediting methodologies under subsection 7c71 the ,secretary shall implement the approved methodology to determine the number of clean electricity credits to be issued to an electricity generator in lieu of the methodology provided in #faa7;d77#b74 ,the ,secretary shall apply a dynamic crediting factor approved under subsection 7c7 for the first full calendar year after such approval1 or for the first year of the first compliance period1 whichever is later1 except that the ,secretary may delay use of approved dynamic crediting methodologies by one year if the ,secretary finds that additional time is needed for the ,secretary or the ,commission to take actions necessary for implementation under subsection 7e74 7e7 ,implementation 7#a7 ,the ,secretary may1 by rule1 require that the regional transmission organizations1 independent system operators1 other balancing authorities1 and other appropriate entities provide the ,secretary with the information necessary for the ,secretary to apply any approved dynamic crediting methodology4 7#b7 ,at the request of the ,secretary1 or upon its own initiative1 the ,commission shall consider whether changes to tariffs on file under section #bje of the ,federal ,power ,act 7#af ,u4,s4,c4 #hbd;d7 are necessary to implement the requirements of any rule promulgated by the ,secretary under paragraph 7#a74 4 #djc4 ,regional clean electricity planning models 7a7 ,development of planning models and data ,not later than #b years after the date of enactment this ,act1 the ,secretary shall make available one or more regional electricity planning models and standardized sets of data1 including potential renewable energy hourly production profiles at all potential locations for renewable energy deployment1 that ,states can use to develop plans for portfolios of clean electricity resources that are capable of achieving the emission reduction trajectory provided in the clean electricity requirements established under section #faa of the ,public ,utility ,regulatory ,policies ,act of #aigh at least cost and consistent with the need to maintain reliability4 7b7 ,development process ,in making planning models and data available under subsection 7a71 the ,secretary shall-- 7#a7 solicit planning models and standardized1 accurate data sets from the national laboratories and universities2 7#b7 hold jointly with the ,commission a technical conference on planning models and standardized data sets1 including hourly profiles of renewable energy production at potential deployment locations1 and consider the input from such conference in choosing planning models and data sets to make available2 and 7#c7 update the planning models and data sets made available from time to time in response to new information4 7c7 ,use of models by ,states ,the ,secretary shall encourage ,states to use the models and data sets to-- 7#a7 plan collaboratively with other ,states in the same ,north ,american ,electric ,reliability ,corporation reliability region or organized electricity market on least-cost and reliable compliance with the clean electricity standard established under section #faa of the ,public ,utility ,regulatory ,policies ,act of #aigh2 and 7#b7 adopt1 and from time to time update1 multi-,state clean electricity resource deployment goals that promote least-cost deployment consistent with maintaining electric reliability4 #djd4 ,stand-by emission performance standards 7a7 ,annual review of electric power sector emissions ,not later than ,february #a of the first year after enactment of this section1 and each ,february #a thereafter1 the ,secretary1 in consultation with the ,administrator of the ,environmental ,protection ,agency1 shall publish a determination of the annual average level of greenhouse gas emissions from the electric power sector for the prior three calendar years4 7b7 ,enforceability ,emission limitations for carbon dioxide emissions from fossil fuel-fired power plants established under title ,i of the of the ,clean ,air ,act 7#db ,u4,s4,c4 #gdja et seq47 may be enforced by a ,state or by the ,administrator of the ,environmental ,protection ,agency-- 7#a7 before the clean electricity standard program trigger date1 only if-- 7,a7 the ,secretary1 not earlier than #e years after the date of enactment of this ,act1 determines under subsection 7a7 that the #e-year annual average level of electric power sector greenhouse gas emissions exceeded the annual average level of such emissions for the preceding #e-year period by at least #f percent2 or 7,b7 the ,secretary finds that significantly less than the full amount of funding authorized for programs under this ,act has been appropriated1 resulting in substantial limitation to or delay of the technology advancement program elements of this ,act2 or 7#b7 after the end of a clean electricity standard compliance period1 if the clean electricity requirement is not enforced for the compliance period4 7c7 ,clean air act authorities ,except as provided in this section1 neither a ,state nor the ,administrator of the ,environmental ,protection ,agency may enforce any emission limitation for carbon dioxide emissions from fossil fuel-fired electric power generating units established under title ,i of the of the ,clean ,air ,act 7#db ,u4,s4,c4 #gdja et seq474 7d7 ,definitions ,in this section3 7#a7 ,compliance period ,the term compliance period has the meaning given such term in section #faa7k77#a7 of the ,public ,utility ,regulatory ,policies ,act of #aigh4 7#b7 ,program trigger date ,the term program trigger date has the meaning given such term in section #faa7k77#b7 of the ,public ,utility ,regulatory ,policies ,act of #aigh4