,,ii  #aaf? ,,congress  #a/ ,session    
,s4 #acei  ,,9 ,,! ,,s5ate ,,( ,,!      
,,unit$ ,,/ates  ,may #h1 #bjai,ms4     
,smi? 7= h]self1 ,mr4 ,he9ri*1 ,mr4     
,ka9e1 ,mr4 ,:iteh\se1 & ,mr4 ,s*atz7   
introduc$ ! foll[+ bill2 :i* 0 read     
twice & ref]r$ to ! ,committee on ,en]gy
 & ,natural ,res\rces  ,a ,,bill  ,to   
am5d ! ,public ,utility ,regulatory     
,policies ,act ( #aigh to e/abli% a     
m>ket-ori5t$ /&>d = clean electric en]gy
 g5]ation1 & = o!r purposes4  #a4 ,%ort 
title ,?is ,act may be cit$ z ! ,clean  
,en]gy ,/&>d ,act ( #bjai4  #b4 ,f$]al  
clean en]gy /&>d  7a7 ,9 g5]al ,title   
,,vi ( ! ,public ,utility ,regulatory   
,policies ,act ( #aigh 7#af ,u4,s4,c4   
#bfja et seq47 is am5d$ by add+ at ! end
 ! foll[+3  #faj4 ,f$]al clean en]gy    
/&>d  7a7 ,purpose ,! purpose ( ?is     
section is to e/abli% a                 
te*nology-neutral1 m>ket-ori5t$ /&>d =  
electric en]gy g5]ation t--  7#a7       
/imulates clean en]gy innovation & all[s
 ! ,unit$ ,/ates to a*ieve a net-z]o    

emission electric sector at ! l[e/ co/2 
7#b7 w guide p[] sector inve/m5t &      
provide regulatory c]ta9ty1 :ile help+  
to ensure t ! ,unit$ ,/ates is ! lead] &
 dom9ant competitor 9 ! global clean    
en]gy transition2 &  7#c7 w result 9--  
7,a7 hundr$s ( billions ( doll>s 9      
dome/ic heal? & environm5tal b5efits by 
! mid-#ba/ c5tury2 &  7,b7 save t5s (   
?\s&s ( lives 9 ! ,unit$ ,/ates4  7b7   
,def9itions ,9 ?is section3  7#a7       
,applicable c>bon int5sity ,! t]m       
applicable c>bon int5sity means #j4d    
metric tons ( c>bon dioxide equival5t p]
 megawatt-h\r4  7#b7 ,applicable clean  
en]gy p]c5tage ,! t]m applicable clean  
en]gy p]c5tage1 ) respect to a retail   
electricity suppli]1 means ! clean en]gy
 p]c5tage applicable to ! retail        
electricity suppli] = ! relevant cal5d> 
ye> "u subsection 7c74  7#c7 ,base      
quantity  7,a7 ,9 g5]al ,! t]m base     
quantity1 ) respect to a retail         
electricity suppli] = a cal5d> ye>1     
means ! total quantity ( electric en]gy 

consum$ by electric cu/om]s ( ! retail  
electricity suppli]1 express$ 9         
megawatt-h\rs1 dur+ ! cal5d> ye>1       
includ+--  7i7 ! quantity ( electric    
en]gy sold by ! retail electricity      
suppli] to electric cu/om]s = purposes  
o!r ?an resale2 &  7ii7 ! quantity (    
beh9d-!-met] g5]ation consum$ by        
electric consum]s s]v$ by ! retail      
electricity suppli]4  7,b7 ,det]m9ation 
,= purposes ( subp>agraph 7,a71 n lat]  
?an #ahj days aft] ! date ( enactm5t (  
?is section1 ! ,secret>y %all develop   
appropriate processes = det]m9+ !       
quantity ( beh9d-!-met] g5]ation consum$
 by electric consum]s s]v$ by a retail  
electricity suppli]1 includ+ by requir+ 
f ! retail electricity suppli] relevant 
docum5tation ( beh9d-!-met] electric    
en]gy consumption1 su* z records        
associat$ ) net-met]+4  7#d7 ,basel9e   
p]c5tage ,! t]m basel9e p]c5tage means--
 7,a7 = a retail electricity suppli] 9  
op]ation on ! date ( enactm5t ( ?is     
section1 ! clean en]gy p]c5tage ( !     

retail electricity suppli] calculat$ = !
 cal5d> ye> 9 :i* ?is section is enact$2
 &  7,b7 = a retail electricity suppli] 
t comm5ces op]ation aft] ! date (       
enactm5t ( ?is section1 su* clean en]gy 
p]c5tage z ! ,secret>y det]m9es to be   
appropriate4  7#e7 ,beh9d-!-met]        
g5]ation ,! t]m beh9d-!-met] g5]ation   
means ! g5]ation ( clean en]gy us+ a    
sy/em t op]ates on ! cu/om] side ( !    
applicable utility met]1 subject to !   
condition t ! retail electricity suppli]
 s]v+ ! g5]ator %all submit to !        
,secret>y1 n less frequ5tly ?an         
annually1 v]ification ( ! quantity ( t  
g5]ation 9 su* =m1 9 su* mann]1 &       
conta9+ su* in=mation z ! ,secret>y may 
require4  7#f7 ,c>bon dioxide equival5t 
7,a7 ,9 g5]al ,! t]m c>bon dioxide      
equival5t means ! numb] ( metric tons ( 
c>bon dioxide emissions ) ! same global 
w>m+ pot5tial ov] a #ajj-ye> p]iod z #a 
metric ton ( ano!r gre5h\se gas4  7,b7  
,global w>m+ pot5tial ,= purposes (     
subp>agraph 7,a71 global w>m+ pot5tial  

%all be det]m9$ 9 accordance ) ! ,fif?  
,assessm5t ,report ( ! ,int]gov]nm5tal  
,panel on ,climate ,*ange4  7#g7 ,c>bon 
int5sity ,! t]m c>bon int5sity means !  
c>bon dioxide equival5t emissions       
associat$ ) ! g5]ation ( #a megawatt-h\r
 ( electric en]gy by a g5]ator4  7#h7   
,clean en]gy ,! t]m clean en]gy means   
electric en]gy t is-- 7,a7 g5]at$ at a  
facility us+--  7i7 r5ewable en]gy2     
7ii7 qualifi$ r5ewable biomass2  7iii7  
hydrop[]2  7iv7 nucle> p[]2  7v7        
qualifi$ wa/e-to-en]gy2  7vi7 qualifi$  
l[-c>bon fuels2  7vii7 a qualifi$ comb9$
 heat & p[] sy/em2 or  7viii7 any o!r   
s\rce ( en]gy 9 a mann] t ensures t !   
facility does n exce$ ! applicable c>bon
 int5sity2  7,b7 g5]at$ at a facility   
t-- 7i7 captures ! c>bon dioxide f--    
7,i7 a wa/e /ream ( ! facility2  7,,ii7 
ano!r wa/e /ream2 or  7,,iii7 !         
atmosph]e directly2 &  7ii7 prev5ts !   
release ( ! captur$ c>bon dioxide into !
 atmosph]e2 or  7,c7 dispat*$ f a       
qualifi$ en]gy /orage sy/em4  7#i7      

,clean en]gy p]c5tage  7,a7 ,9 g5]al ,! 
t]m clean en]gy p]c5tage means !        
p]c5tage ( clean en]gy consum$ by all   
electric consum]s ( a retail electricity
 suppli]4  7,b7 ,calculation ,= purposes
 ( subp>agraph 7,a71 ! clean en]gy      
p]c5tage ( a retail electricity suppli] 
%all be equal to ! quoti5t obta9$ by    
divid+--  7i7 ! sum (-- 7,i7 ! quantity 
( clean en]gy sold by ! retail          
electricity suppli] to electric         
consum]s2 &  7,,ii7 ! quantity (        
beh9d-!-met] g5]ation consum$ by        
electric consum]s s]v$ by ! retail      
electricity suppli]2 by  7ii7 ! base    
quantity ( ! retail electricity suppli]4
  7,c7 ,det]m9ation  7i7 ,9 g5]al ,=    
purposes ( subp>agraph 7,b71 n lat] ?an 
#ahj days aft] ! date ( enactm5t ( ?is  
section1 ! ,secret>y %all develop a     
process = det]m9+ ! quantities (--  7,i7
 clean en]gy sold by a retail           
electricity suppli] to electric         
consum]s1 tak+ into acc\nt-- 7aa7 ! ne$ 
to quantify1 )\t d\ble c\nt+1           

appropriate quantities ( clean en]gy--  
7,,aa7 own$ by ! retail electricity     
suppli]2 7,,bb7 obta9$ by ! retail      
electricity suppli] ?r\gh p[] pur*ase   
agreem5ts2 7,,cc7 import$ by ! retail   
electricity suppli]2 7,,dd7 pur*as$ by !
 retail electricity suppli] f :olesale  
m>kets2 & 7,,ee7 pur*as$ by ! retail    
electricity suppli] ?r\gh exi/+ r5ewable
 or clean en]gy cr$its & c]tificates2 & 
7bb7 appropriate diff]5ces betwe5--     
7,,aa7 retail]s op]at+ 9 organiz$       
:olesale m>kets2 & 7,,bb7 retail]s      
op]at+ 9 v]tically integrat$ m>ket      
contexts2 &  7,,ii7 beh9d-!-met]        
g5]ation consum$ by electric consum]s   
s]v$ by a retail electricity suppli]1   
includ+ by requir+ f ! retail           
electricity suppli] relevant            
docum5tation ( beh9d-!-met] electric    
en]gy consumption1 su* z records        
associat$ ) net-met]+4  7ii7 ,quantify+ 
clean en]gy ,= purposes ( quantify+     
clean en]gy & beh9d-!-met] g5]ation "u  
clause 7i71 ! ,secret>y %all use !      

me?ods us$ to assign a quantity ( cr$its
 to g5]ators "u subsection 7f74  7#aj7  
,dispat*able l[-emission te*nology ,!   
t]m dispat*able l[-emission te*nology   
means a g5]ator t uses a te*nology or   
comb9ation ( te*nologies t-- 7,a7 has a 
c>bon int5sity ( n m ?an #j4je metric   
tons ( c>bon dioxide equival5t p]       
megawatt-h\r2  7,b7 has ! ability1 at   
any "t1 to />t1 increase1 decrease1 &   
/op en]gy production on dem&2  7,c7 is  
plac$ into s]vice aft] ! date ( enactm5t
 ( ?is section2 &  7,d7 is n a          
dispat*able z]o-emission te*nology4     
7#aa7 ,dispat*able z]o-emission         
te*nology ,! t]m dispat*able            
z]o-emission te*nology means a g5]ator t
 uses a te*nology or comb9ation (       
te*nologies t--  7,a7 has a c>bon       
int5sity ( z]o2  7,b7 has ! ability1 at 
any "t1 to />t1 increase1 decrease1 &   
/op en]gy production on dem&2 &  7,c7 is
 plac$ into s]vice aft] ! date (        
enactm5t ( ?is section4  7#ab7 ,en]gy   
/orage sy/em ,! t]m en]gy /orage sy/em  

means any equipm5t or facility relat+ to
 ! electric grid t--  7,a7 is capable ( 
absorb+ en]gy1 /or+ ! en]gy = a p]iod ( 
"t1 & dispat*+ ! en]gy z electric en]gy2
 &  7,b7 uses me*anical1 electro*emical1
 bio*emical1 or !rmal processes-- 7i7 to
 /ore en]gy g5]at$ at an e>li] "t = use 
at a lat] "t2 or  7ii7 to /ore en]gy    
g5]at$ f a me*anical process t w\ld     
o!rwise be wa/$ = deliv]y at a lat] "t4 
7#ac7 ,f$]al clean en]gy cr$it ,! t]m   
,f$]al clean en]gy cr$it means a cr$it  
issu$ pursuant to subsection 7e74  7#ad7
 ,g5]ator ,! t]m g5]ator means a unit or
 sy/em ( units t--  7,a7 g5]ates n few] 
?an #bj megawatt-h\rs ( electric en]gy  
p] cal5d> ye>2  7,b7 deliv]s electric   
en]gy to ! grid2 &  7,c7 is locat$ 9 !  
,unit$ ,/ates4  7#ae7 ,lifecycle        
gre5h\se gas emissions ,! t]m lifecycle 
gre5h\se gas emissions means ! aggregate
 quantity ( c>bon dioxide equival5t     
emissions relat+ to ! full lifecycle (  
electric en]gy production1 includ+--    
7,a7 extraction1 production1 &          

di/ribution ( fuels & mat]ials =        
physical capital2  7,b7 p[] g5]ation &  
transmission2 &  7,c7 h&l+ & disposal ( 
wa/e1 byproducts1 & end-(-life mat]ials4
  7#af7 ,qualifi$ comb9$ heat & p[]     
sy/em ,! t]m qualifi$ comb9$ heat & p[] 
sy/em means a sy/em t--  7,a7 uses !    
same en]gy s\rce = ! simultane\s or     
sequ5tial g5]ation ( electrical en]gy & 
!rmal en]gy2  7,b7 produces at lea/--   
7i7 #bj p]c5t ( ! useful en]gy ( ! sy/em
 9 ! =m ( electricity2 &  7ii7 #bj p]c5t
 ( ! useful en]gy 9 ! =m ( useful !rmal 
en]gy2  7,c7 to ! ext5t t ! sy/em uses  
biomass1 uses only qualifi$ r5ewable    
biomass2 &  7,d7 op]ates ) an en]gy     
effici5cy p]c5tage1 z det]m9$ 9         
accordance ) section #dh7;c77#c77;,c77i7
 ( ! ,int]nal ,rev5ue ,code ( #aihf1 (  
great] ?an #ej p]c5t4  7#ag7 ,qualifi$  
dispat*able  7,a7 ,9 g5]al ,! t]m       
qualifi$ dispat*able means-- 7i7 )      
respect to a dispat*able l[-emission    
te*nology1 a dispat*able l[-emission    
te*nology t--  7,i7 is #a ( ! fir/ #e   

orig9al demon/rations 9 ! ,unit$ ,/ates 
( a p>ticul> innovative te*nology       
provid+ n less ?an #bj megawatts (      
electric en]gy g5]ation capacity2       
7,,ii7 g5]ates rev5ue f ! sale (        
electric en]gy2 &  7,,iii7 is plac$ into
 s]vice be=e ,janu>y #a1 #bjcj2 &  7ii7 
) respect to a dispat*able z]o-emission 
te*nology1 means a dispat*able          
z]o-emission te*nology t--  7,i7 is #a (
 ! fir/ #e orig9al demon/rations 9 !    
,unit$ ,/ates ( a p>ticul> innovative   
te*nology provid+ n less ?an #bj        
megawatts ( electric en]gy g5]ation     
capacity2  7,,ii7 g5]ates rev5ue f !    
sale ( electric en]gy2 &  7,,iii7 is    
plac$ into s]vice be=e ,janu>y #a1      
#bjdj4  7,b7 ,det]m9ation ,= purposes ( 
det]m9+ :e!r a dispat*able l[-emission  
te*nology or dispat*able z]o-emission   
te*nology is an orig9al demon/ration (  
an innovative te*nology "u clause       
7i77,i7 or 7ii77,i71 respectively1 (    
subp>agraph 7,a71 ! ,secret>y %all--    
7i7 develop a process t-- 7,i7 ensures t

 ea* innovative te*nology exhibits a    
significant te*nical or economic        
advancem5t1 z comp>$ to exi/+           
te*nologies2 &  7,,ii7 includes         
consid]ation ( an application submitt$  
to ! ,secret>y by ! own] ( ! dispat*able
 l[-emission te*nology or dispat*able   
z]o-emission te*nology2  7ii7 n lat] ?an
 #ij days aft] ! date ( submission ( an 
application "u clause 7i77,,ii71 make a 
det]m9ation reg>d+ :e!r to approve !    
application2 &  7iii7 subject to        
subp>agraph 7,c71 provide to ea* own]1 !
 application ( :i* is approv$ "u clause 
7ii71 a c]tification--  7,i7 t !        
applicable g5]ator is a qualifi$        
dispat*able l[-emission te*nology or    
dispat*able z]o-emission te*nology2 &   
7,,ii7 t %all be surr5d]$ to e>n ,f$]al 
clean en]gy cr$its "u subsection        
7f77#aj74  7,c7 ,t]m9ation (            
c]tification ,except z o!rwise provid$  
by ! ,secret>y1 a c]tification provid$  
"u subp>agraph 7,b77iii7 %all cease to h
 any =ce or effect if ! ,secret>y       

det]m9es t con/ruction ( ! applicable   
g5]ator--  7i7 does n comm5ce by ! date 
t is #b ye>s aft] ! date ( c]tification2
 or  7ii7 has be5 susp5d$ indef9itely4  
7#ah7 ,qualifi$ en]gy /orage sy/em ,!   
t]m qualifi$ en]gy /orage sy/em means an
 en]gy /orage sy/em t /ores clean       
en]gy-- 7,a7 t w\ld o!rwise be wa/$ or  
curtail$2  7,b7 ) v]ifiable c>bon       
int5sity t does n exce$ ! applicable    
c>bon int5sity2 &  7,c7 = :i* no ,f$]al 
clean en]gy cr$it is issu$4  7#ai7      
,qualifi$ g5]ation ,! t]m qualifi$      
g5]ation means ! numb] ( megawatt-h\rs (
 electric en]gy t a g5]ator-- 7,a7 7i7  
g5]ates2 or  7ii7 g5]ates & /ores us+ a 
connect$ en]gy /orage sy/em2 &  7,b7 7i7
 sells = resale2  7ii7 if ! g5]ator is  
own$ by a retail electricity suppli]1   
sells to electric consum]s2 or  7iii7 if
 ! g5]ator is a beh9d-!-met] g5]ation   
sy/em1 consumes onsite = a useful       
purpose4  7#bj7 ,qualifi$ l[-c>bon fuel 
7,a7 ,9 g5]al ,! t]m qualifi$ l[-c>bon  
fuel means a fuel us$ to g5]ate electric

 en]gy t-- 7i7 is produc$ ?r\gh any     
process 7b n includ+ any processes t use
 electric en]gy z an input7 t           
significantly limits or avoids gre5h\se 
gas emissions2 &  7ii7 does n release   
gre5h\se gas or o!r pollutant emissions 
dur+ combu/ion4  7,b7 ,inclusion ,! t]m 
qualifi$ l[-c>bon fuel includes--  7i7  
ammonia2 &  7ii7 hydrog54  7#ba7        
,qualifi$ r5ewable biomass ,! t]m       
qualifi$ r5ewable biomass means--  7,a7 
any crop byproduct or crop residue      
h>ve/$ f actively manag$ or fall[       
agricultural l& t is cle>$ be=e ! date (
 enactm5t ( ?is section1 if ! h>ve/+ ( !
 residue does n lead to a net decl9e 9  
soil organic matt] = ! applicable l&2   
7,b7 any plant$ tree1 bru%1 sla%1 or    
residue f an actively manag$ tree f>m   
d$icat$ to en]gy crop production &      
locat$ on =e/ l& e/abli%$ = plant$ tree 
crop production be=e ! date ( enactm5t (
 ?is section2  7,c7 any bru%1 sla%1 or  
residue f an actively manag$ =e/ t is   
c]tifi$ to a*ieve compliance )          

applicable--  7i7 su/a9ability /&>ds ( !
 ,=e/ ,/ew>d%ip ,c\ncil2 or  7ii7 /&>ds 
endors$ by ! ,programme = ! ,endorsem5t 
( ,=e/ ,c]tification1 includ+-- 7,i7 !  
,su/a9able ,=e/ry ,initiative2 &  7,,ii7
 ! ,am]ican ,tree ,f>m ,sy/em2  7,d7    
algae2  7,e7 nonhaz>d\s plant matt]     
d]iv$ f l&scape "r-(-way trimm+s2 &     
7,f7 vegetative matt] remov$ f an area  
locat$ n m ?an #bjj y>ds f a build+1    
resid5ce1 or campgr\nd = ! purpose (    
haz>d\s fuels managem5t4  7#bb7         
,qualifi$ wa/e-to-en]gy ,! t]m qualifi$ 
wa/e-to-en]gy means en]gy produc$--     
7,a7 f ! combu/ion (--  7i7 po/-recycl$ 
municipal solid wa/e2  7ii7 gas produc$ 
f ! gasification or pyrolization (      
po/-recycl$ municipal solid wa/e2  7iii7
 biogas2  7iv7 l&fill me?ane2  7v7      
animal wa/e or animal byproducts2  7vi7 
food wa/e2  7vii7 wood1 pap] products t 
are n commonly recyclable1 & vegetation 
7includ+ trees & trimm+s1 y>d wa/e1     
pallets1 railroad ties1 crates1 &       
solid-wood manufactur+ & con/ruction    

debris71 if div]t$ f or sep>at$ f o!r   
wa/e out ( a municipal wa/e /ream2 or   
7viii7 any byproduct ( a wood or pap]   
mill op]ation1 includ+ lign9 9 sp5t     
pulp+ liquors2 &  7,b7 at a facility t !
 ,secret>y has c]tifi$1 on an annual    
basis1 is 9 compliance ) all applicable 
,f$]al & ,/ate environm5tal p]mits1     
includ+--  7i7 9 ! case ( a facility t  
comm5ces op]ation be=e ! date ( enactm5t
 ( ?is section1 compliance ) emission   
/&>ds "u sections #aab &1 z applicable1 
#abi ( ! ,clean ,air ,act 7#db ,u4,s4,c4
 #gdab1 #gdbi7 t apply z ( ! date (     
enactm5t ( ?is section to new facilities
 )9 ! applicable s\rce category2 &  7ii7
 9 ! case ( a facility t produces       
electric or !rmal en]gy f ! combu/ion1  
pyrolization1 or gasification (         
municipal solid wa/e1 c]tification t ea*
 local gov]nm5t unit f :i* ! wa/e       
orig9ates op]ates1 p>ticipates 9 !      
op]ation (1 contracts =1 or o!rwise     
provides = recycl+ s]vices = resid5ts ( 
! local gov]nm5t unit4  7#bc7 ,r5ewable 

en]gy ,! t]m r5ewable en]gy means sol>1 
w9d1 ocean1 curr5t1 wave1 tidal1 or     
geo!rmal en]gy4  7#bd7 ,retail          
electricity suppli]  7,a7 ,9 g5]al ,!   
t]m retail electricity suppli]1 z       
det]m9$ = ea* cal5d> ye>1 means an      
entity 9 ! ,unit$ ,/ates t sold n few]  
?an #bj megawatt-h\rs ( electric en]gy  
to electric consum]s = purposes o!r ?an 
resale dur+ ! prec$+ cal5d> ye>4  7,b7  
,inclusions & limitations ,= purposes ( 
mak+ a det]m9ation "u subp>agraph 7,a7 )
 respect to an entity--  7i7 any sale ( 
electric en]gy made by an affiliate ( ! 
entity to an electric consum] 7o!r ?an  
to a lessee or t5ant ( ! affiliate7 =   
purposes o!r ?an resale may be consid]$ 
to be a sale made by ! entity2 &  7ii7  
any sale ( electric en]gy made by !     
entity to an affiliate1 lessee1 or t5ant
 ( ! entity %all n be consid]$ to be a  
sale to an electric consum]4  7,c7      
,affiliate ,= purposes ( subp>agraph    
7,b71 ! t]m affiliate1 ) respect to an  
entity1 means an individual or entity t 

directly or indirectly owns or controls1
 is own$ or controll$ by1 or is "u      
common own]%ip or control )1 ! entity1 z
 det]m9$ 9 accordance ) applicable      
regulations ( ! ,secret>y4  7c7 ,clean  
en]gy requirem5t  7#a7 ,9 g5]al ,beg9n+ 
9 ! second full cal5d> ye> beg9n+ aft] !
 date ( enactm5t ( ?is section1 & ea*   
cal5d> ye> !reaft]1 ea* retail          
electricity suppli] %all sell a quantity
 ( clean en]gy equal to ! product obta9$
 by multiply+--  7,a7 ! applicable clean
 en]gy p]c5tage det]m9$ = ! retail      
electricity suppli] = ! cal5d> ye> "u   
p>agraph 7#b72 &  7,b7 ! base quantity (
 ! retail electricity suppli] = !       
applicable cal5d> ye>4  7#b7            
,det]m9ation ( applicable clean en]gy   
p]c5tages  7,a7 ,initial p]c5tage  7i7  
,use ( basel9e p]c5tage ,= purposes ( ! 
det]m9ations requir$ "u subp>agraphs    
7,b7 & 7,c71 ! applicable clean en]gy   
p]c5tage = a retail electricity suppli] 
= ! cal5d> ye> dur+ :i* ?is section is  
enact$ %all be ! basel9e p]c5tage ( !   

retail electricity suppli]4  7ii7 ,new  
retail electricity suppli]s ,= purposes 
( ! det]m9ations requir$ "u subp>agraphs
 7,b7 & 7,c71 = a retail electricity    
suppli] t is e/abli%$ aft] ! date (     
enactm5t ( ?is section1 ! ,secret>y %all
 det]m9e ! appropriate applicable clean 
en]gy p]c5tage = ! fir/ cal5d> ye>      
beg9n+ aft] ! date on :i* ! retail      
electricity suppli] comm5ces op]ation4  
7,b7 ,subsequ5t det]m9ations ,subject to
 p>agraph 7#c71 = ! fir/ cal5d> ye>     
beg9n+ aft] ! date ( enactm5t ( ?is     
section & ea* cal5d> ye> !reaft] until !
 cal5d> ye> = :i* ! applicable clean    
en]gy p]c5tage = a retail electricity   
suppli] is #ij p]c5t1 ! applicable clean
 en]gy p]c5tage = ! retail electricity  
suppli] "u p>agraph 7#a7 %all be--  7i7 
9 ! case ( a retail electricity suppli] 
) n less ?an #b1jjj1jjj megawatt-h\rs ( 
retail electric en]gy sales dur+ !      
cal5d> ye> 9 :i* ?is section is enact$1 
or a retail electricity suppli] ) less  
?an #b1jjj1jjj megawatt-h\rs ( retail   

electric en]gy sales dur+ t cal5d> ye> b
 m ?an #b1jjj1jjj megawatt-h\rs ( retail
 electric en]gy sales dur+ a subsequ5t  
cal5d> ye> due to a m]g] or !           
acquisition ( additional t]ritory1 !    
applicable clean en]gy p]c5tage = !     
retail electricity suppli] = ! prec$+   
cal5d> ye>1 z increas$--  7,i7 = any    
cal5d> ye> = :i* ! applicable clean     
en]gy p]c5tage ( ! retail electricity   
suppli] is n m ?an #fj p]c5t1 by ! fa/  
gr[? rate = ! cal5d> ye>1 z det]m9$ "u  
p>agraph 7#c77;,b72 &  7,,ii7 = any     
cal5d> ye> = :i* ! applicable clean     
en]gy p]c5tage ( ! retail electricity   
suppli] is m ?an #fj p]c5t1 by ! sl[    
gr[? rate = ! cal5d> ye>1 z det]m9$ "u  
p>agraph 7#c77;,c71 up to a maximum (   
#ij p]c5t2 &  7ii7 9 ! case ( a retail  
electricity suppli] n describ$ 9 clause 
7i71 ! applicable clean en]gy p]c5tage =
 ! retail electricity suppli] = ! prec$+
 cal5d> ye>1 z increas$ by ! small gr[? 
rate = ! cal5d> ye>1 z det]m9$ "u       
p>agraph 7#c77;,d71 up to a maximum (   

#ij p]c5t4  7,c7 ,f9al t>get p]c5tage   
,effective beg9n+ 9 cal5d> ye> #bjdj1 = 
ea* cal5d> ye> beg9n+ aft] ! fir/ cal5d>
 ye> = :i* ! applicable clean en]gy     
p]c5tage ( a retail electricity suppli] 
"u subp>agraph 7,b7 is #ij p]c5t1 !     
applicable clean en]gy p]c5tage = !     
retail electricity suppli] "u p>agraph  
7#a7 %all be increas$ by #a p]c5tage    
po9t1 up to a maximum ( #ajj p]c5t4     
7#c7 ,rate increase adju/m5ts  7,a7     
,def9itions ,9 ?is p>agraph3 7i7 ,rate  
decrease-adju/$ cal5d> ye> ,! t]m rate  
decrease-adju/$ cal5d> ye> means any    
cal5d> ye> beg9n+ aft] a cal5d> ye> =   
:i* alt]native compliance paym5ts       
acc\nt$ = great] ?an #aj p]c5t ( total  
compliance obligations ( all retail     
electricity provid]s "u subsection 7d7 =
 t cal5d> ye>4  7ii7 ,rate              
increase-adju/$ cal5d> ye> ,! t]m rate  
increase-adju/$ cal5d> ye> means any    
cal5d> ye> beg9n+ aft] a #b-;consecutive
 cal5d> ye> p]iod dur+ :i*1 = ea* ( ^?  
#b consecutive cal5d> ye>s1 ! av]age    

price ( a ,f$]al clean en]gy cr$it = !  
#c prec$+ cal5d> ye>s 0 bel[ !          
rate-increas$ floor price4  7iii7       
,rate-increas$ floor price ,! t]m       
rate-increas$ floor price means !       
diff]5ce betwe5-- 7,i7 ! alt]native     
compliance paym5t = ! applicable cal5d> 
ye>2 &  7,,ii7 7aa7 dur+ ! p]iod beg9n+ 
on ! date ( enactm5t ( ?is section &    
end+ on ,decemb] #ca ( ! second full    
cal5d> ye> beg9n+ aft] t date (         
enactm5t1 a rate ( #a4e c5ts p]         
kil[att-h\r2 &  7bb7 = ea* cal5d> ye>   
!reaft]1 ! rate describ$ 9 item 7aa7 = !
 prec$+ cal5d> ye>-- 7,,aa7 increas$ by 
#c p]c5t2 & 7,,bb7 adju/$ = inflation1 z
 ! ,secret>y det]m9es to be necess>y4   
7,b7 ,fa/ gr[? rate ,= purposes (       
p>agraph 7#b77;,b77i77,i71 ! fa/ gr[?   
rate %all be--  7i7 = ! cal5d> ye> 9 :i*
 ?is section is enact$1 #b4ge p]c5tage  
po9ts2  7ii7 = ! fir/ cal5d> ye> beg9n+ 
aft] ! date ( enactm5t ( ?is section &  
ea* cal5d> ye> !reaft] t is n a rate    
increase-adju/$ cal5d> ye> or a rate    

decrease-adju/$ cal5d> ye>1 ! fa/ gr[?  
rate = ! prec$+ cal5d> ye>2  7iii7 = a  
rate increase-adju/$ cal5d> ye>1 ! fa/  
gr[? rate = ! prec$+ cal5d> ye>1        
increas$ by #j4e p]c5tage po9ts2 &  7iv7
 = a rate decrease-adju/$ cal5d> ye>1 ! 
fa/ gr[? rate = ! prec$+ cal5d> ye>1    
decreas$ by #j4be p]c5tage po9ts1 d[n to
 a m9imum ( #b4ge p]c5tage po9ts4  7,c7 
,sl[ gr[? rate ,= purposes ( p>agraph   
7#b77;,b77i77,,ii71 ! sl[ gr[? rate %all
 be-- 7i7 = ! cal5d> ye> 9 :i* ?is      
section is enact$1 #a4ge p]c5tage po9ts2
  7ii7 = ! fir/ cal5d> ye> beg9n+ aft] !
 date ( enactm5t ( ?is section & ea*    
cal5d> ye> !reaft] t is n a rate        
increase-adju/$ cal5d> ye> or a rate    
decrease-adju/$ cal5d> ye>1 ! sl[ gr[?  
rate = ! prec$+ cal5d> ye>2  7iii7 = a  
rate increase-adju/$ cal5d> ye>1 ! sl[  
gr[? rate = ! prec$+ cal5d> ye>1        
increas$ by #j4e p]c5tage po9ts2 &  7iv7
 = a rate decrease-adju/$ cal5d> ye>1 ! 
sl[ gr[? rate = ! prec$+ cal5d> ye>1    
decreas$ by #j4be p]c5tage po9ts1 d[n to

 a m9imum ( #a4ge p]c5tage po9ts4  7,d7 
,small gr[? rate ,= purposes ( p>agraph 
7#b77;,b77ii71 ! small gr[? rate %all   
be-- 7i7 = ! cal5d> ye> 9 :i* ?is       
section is enact$1 #a4e p]c5tage po9ts2 
7ii7 = ! fir/ cal5d> ye> beg9n+ aft] !  
date ( enactm5t ( ?is section & ea*     
cal5d> ye> !reaft] t is n a rate        
increase-adju/$ cal5d> ye> or a rate    
decrease-adju/$ cal5d> ye>1 ! small gr[?
 rate = ! prec$+ cal5d> ye>2  7iii7 = a 
rate increase-adju/$ cal5d> ye>1 ! small
 gr[? rate = ! prec$+ cal5d> ye>1       
increas$ by #j4e p]c5tage po9ts2 &  7iv7
 = a rate decrease-adju/$ cal5d> ye>1 ! 
small gr[? rate = ! prec$+ cal5d> ye>1  
decreas$ by #j4be p]c5tage po9ts1 d[n to
 a m9imum ( #a4e p]c5tage po9ts4  7d7   
,means ( compliance  7#a7 ,9 g5]al ,a   
retail electricity suppli] %all annually
 a*ieve compliance ) subsection 7c7 by--
 7,a7 submitt+ to ! ,secret>y ,f$]al    
clean en]gy cr$its2  7,b7 submitt+ to ! 
,secret>y docum5tation ( ! quantity (   
beh9d-!-met] g5]ation consum$ by        

electric consum]s s]v$ by ! retail      
electricity suppli]2  7,c7 mak+         
alt]native compliance paym5ts ( #c c5ts 
p] kil[att-h\r 9 accordance ) subsection
 7i72 or  7,d7 tak+ a comb9ation (      
actions describ$ 9 subp>agraphs 7,a7    
?r\gh 7,c74  7#b7 ,failure to e/abli%   
,f$]al clean en]gy cr$it trad+ program  
,if ! ,secret>y does n e/abli% a ,f$]al 
clean en]gy cr$it trad+ program "u      
subsection 7e71 a retail electricity    
suppli] %all a*ieve compliance )        
subsection 7c7 by--  7,a7 submitt+ to ! 
,secret>y docum5tation ( ! clean en]gy  
p]c5tage ( ! retail electricity suppli]2
  7,b7 mak+ alt]native compliance       
paym5ts ( #c c5ts p] kil[att-h\r 9      
accordance ) subsection 7i72 or  7,c7   
tak+ a comb9ation ( actions describ$ 9  
subp>agraphs 7,a7 & 7,b74  7e7 ,f$]al   
clean en]gy cr$it trad+ program  7#a7   
,e/abli%m5t ,n lat] ?an #a ye> aft] !   
date ( enactm5t ( ?is section1 !        
,secret>y %all e/abli% a ,f$]al clean   
en]gy cr$it trad+ program "u :i*--  7,a7

 #a ,f$]al clean en]gy cr$it repres5ts  
#a megawatt-h\r ( clean en]gy g5]at$ by 
a g5]ator2  7,b7 retail electricity     
suppli]s may submit to ! ,secret>y      
,f$]al clean en]gy cr$its to c]tify     
compliance by ! retail electricity      
suppli]s ) subsection 7c72 &  7,c7 ^?   
,f$]al clean en]gy cr$its are issu$1    
record$1 track$1 & transf]r$4  7#b7     
,clean en]gy cr$its ,except z provid$ 9 
subp>agraphs 7,b7 & 7,c7 ( p>agraph     
7#c71 ! ,secret>y %all issue to ea*     
g5]ator & qualifi$ en]gy /orage sy/em a 
quantity ( ,f$]al clean en]gy cr$its    
det]m9$ 9 accordance ) subsections 7f7 &
 7g74  7#c7 ,adm9i/ration ,9 c>ry+ out !
 program "u ?is subsection1 ! ,secret>y 
%all ensure t-- 7,a7 a ,f$]al clean     
en]gy cr$it may be--  7i7 us$ only once 
= purposes ( compliance ) ?is section2 &
  7ii7 pur*as$ only by a retail         
electricity suppli]2  7,b7 a ,f$]al     
clean en]gy cr$it issu$ = clean en]gy   
g5]at$ & sold = resale "u a contract 9  
effect on ! date ( enactm5t ( ?is       

section %all be issu$ to ! pur*as+      
retail electricity suppli]1 unless      
o!rwise provid$ by ! contract2 &  7,c7 )
 respect to clean en]gy g5]at$ 9 a      
facility outside ( ! ,unit$ ,/ates1 a   
,f$]al clean en]gy cr$it may be issu$   
only--  7i7 if ! clean en]gy is sold =  
resale 9 ! ,unit$ ,/ates2 &  7ii7 to !  
pur*as+ retail electricity suppli]4     
7#d7 ,delegation ( m>ket function  7,a7 
,9 g5]al ,9 c>ry+ out ! program "u ?is  
subsection1 ! ,secret>y may delegate--  
7i7 to #a or m appropriate entities     
7includ+ any ,f$]al entity 9 exi/5ce on 
! date ( enactm5t ( ?is section71 !     
adm9i/ration ( a national ,f$]al clean  
en]gy cr$it m>ket = purposes ( e/abli%+ 
a transp>5t national m>ket = ! sale or  
trade ( ,f$]al clean en]gy cr$its2 &    
7ii7 to appropriate entities1 ! track+ (
 dispat* ( clean en]gy g5]ation4  7,b7  
,adm9i/ration ,9 mak+ a delegation "u   
subp>agraph 7,a77ii71 ! ,secret>y %all  
ensure t ! track+ & report+ ( in=mation 
conc]n+ ! dispat* ( clean en]gy g5]ation

 is transp>5t1 v]ifiable1 & indep5d5t ( 
any g5]ation or load int]e/s subject to 
an obligation "u ?is section4  7#e7     
,bank+ ( ,f$]al clean en]gy cr$its  7,a7
 ,9 g5]al ,subject to subp>agraph 7,b71 
= purposes ( a*iev+ compliance )        
subsection 7c71 a ,f$]al clean en]gy    
cr$it %all be valid =--  7i7 ! cal5d>   
ye> dur+ :i* ! ,f$]al clean en]gy cr$it 
is issu$2 or  7ii7 ei!r ( ! #b subsequ5t
 cal5d> ye>s4  7,b7 ,adju/m5ts  7i7     
,cal5d> ye>s #bjdj ?r\gh #bjdi ,= ea* ( 
cal5d> ye>s #bjdj ?r\gh #bjdi1 a ,f$]al 
clean en]gy cr$it %all be valid =-- 7,i7
 ! cal5d> ye> dur+ :i* ! ,f$]al clean   
en]gy cr$it is issu$2 or  7,,ii7 !      
subsequ5t cal5d> ye>4  7ii7 ,cal5d> ye> 
#bjej & !reaft] ,beg9n+ 9 cal5d> ye>    
#bjej1 a ,f$]al clean en]gy cr$it %all  
be valid only = ! cal5d> ye> dur+ :i* ! 
,f$]al clean en]gy cr$it is issu$4  7f7 
,det]m9ation ( quantity ( cr$its  7#a7  
,9 g5]al ,except z o!rwise provid$ 9 ?is
 subsection1 ! quantity ( ,f$]al clean  
en]gy cr$its issu$ to a g5]ator ( clean 

en]gy %all be equal to ! product obta9$ 
by multiply+--  7,a7 ! qualifi$ g5]ation
 ( ! g5]ator2 &  7,b7 ! diff]5ce        
betwe5--  7i7 #a4j2 &  7ii7 ! quoti5t   
obta9$ by divid+--  7,i7 ! c>bon        
int5sity ( ! g5]ator1 z det]m9$ 9       
accordance ) subsection 7g7 7express$ 9 
metric tons p] megawatt-h\r72 by  7,,ii7
 ! applicable c>bon int5sity4  7#b7     
,qualifi$ comb9$ heat & p[] sy/ems  7,a7
 ,9 g5]al ,! quantity ( ,f$]al clean    
en]gy cr$its issu$ to a g5]ator t is a  
qualifi$ comb9$ heat & p[] sy/em %all be
 equal to ! diff]5ce betwe5--  7i7 !    
product obta9$ by multiply+-- 7,i7 !    
numb] ( megawatt-h\rs ( electric en]gy  
g5]at$ by ! qualifi$ comb9$ heat & p[]  
sy/em2 &  7,,ii7 ! diff]5ce betwe5--    
7aa7 #a4j2 &  7bb7 ! quoti5t obta9$ by  
divid+-- 7,,aa7 ! c>bon int5sity ( !    
g5]ator1 z det]m9$ 9 accordance )       
subsection 7g7 7express$ 9 metric tons  
p] megawatt-h\r72 by 7,,bb7 ! applicable
 c>bon int5sity2 &  7ii7 ! product      
obta9$ by multiply+--  7,i7 ! numb] (   

megawatt-h\rs ( electric en]gy g5]at$ by
 ! qualifi$ comb9$ heat & p[] sy/em t   
are consum$ onsite2 &  7,,ii7 ! national
 weight$ av]age ( ! applicable clean    
en]gy p]c5tage requir$ = ! cal5d> ye> "u
 subsection 7c71 z det]m9$ by !         
,secret>y4  7,b7 ,additional cr$its ,9  
addition to ,f$]al clean en]gy cr$its   
issu$ "u subp>agraph 7,a71 ! ,secret>y  
%all issue ,f$]al clean en]gy cr$its to 
a g5]ator t is a qualifi$ comb9$ heat & 
p[] sy/em = gre5h\se gas emissions      
avoid$ z a result ( ! use ( ! qualifi$  
comb9$ heat & p[] sy/em1 r ?an a sep>ate
 !rmal s\rce1 to meet ! onsite !rmal    
ne$s ( ! g5]ator4  7#c7 ,qualifi$       
r5ewable biomass  7,a7 ,9 g5]al ,subject
 to subp>agraph 7,b71 ! quantity (      
,f$]al clean en]gy cr$its issu$ to ea*  
g5]ator ( clean en]gy us+ qualifi$      
r5ewable biomass %all be equal to !     
product obta9$ by multiply+--  7i7 !    
qualifi$ g5]ation ( ! g5]ator us+       
qualifi$ r5ewable biomass2 &  7ii7 !    
qualifi$ r5ewable biomass cr$it value   

det]m9$ "u subsection 7g77#d77;,b77iii74
  7,b7 ,exi/+ g5]ators ,= g5]ators plac$
 into s]vice be=e ! date ( enactm5t (   
?is section1 ! quantity ( ,f$]al clean  
en]gy cr$its issu$ to ea* g5]ator (     
en]gy us+ qualifi$ r5ewable biomass %all
 be equal to ! great] (--  7i7 ! product
 obta9$ by multiply+-- 7,i7 ! qualifi$  
g5]ation ( ! g5]ator1 n to exce$ !      
g5]ation capacity ( ! g5]ator on ! date 
( enactm5t ( ?is section2 &  7,,ii7     
#j4e2 &  7ii7 ! quantity ( cr$its       
det]m9$ "u subp>agraph 7,a74  7#d7      
,qualifi$ wa/e-to-en]gy  7,a7 ,9 g5]al  
,subject to subp>agraph 7,b71 ! quantity
 ( ,f$]al clean en]gy cr$its issu$ to a 
g5]ator t is a qualifi$ wa/e-to-en]gy   
facility %all be equal to ! product     
obta9$ by multiply+--  7i7 ! qualifi$   
g5]ation ( ! g5]ator us+ qualifi$       
wa/e-to-en]gy2 &  7ii7 ! qualifi$       
wa/e-to-en]gy cr$it value det]m9$ "u    
subsection 7g77#d77;,b77iii74  7,b7     
,exi/+ g5]ators ,= g5]ators plac$ into  
s]vice be=e ! date ( enactm5t ( ?is     

section1 ! quantity ( ,f$]al clean en]gy
 cr$its issu$ to ea* g5]ator ( en]gy t  
is a qualifi$ wa/e-to-en]gy facility    
%all be equal to ! great] (--  7i7 !    
qualifi$ g5]ation ( ! g5]ator1 n to     
exce$ ! g5]ation capacity ( ! g5]ator on
 ! date ( enactm5t ( ?is section2 &     
7ii7 ! quantity ( cr$its det]m9$ "u     
subp>agraph 7,a74  7#e7 ,qualifi$       
l[-c>bon fuels ,! quantity ( ,f$]al     
clean en]gy cr$its issu$ to a g5]ator   
us+ qualifi$ l[-c>bon fuels %all be     
equal to ! product obta9$ by multiply+--
  7,a7 ! qualifi$ g5]ation ( ! g5]ator  
us+ qualifi$ l[-c>bon-fuels2 &  7,b7 !  
qualifi$ l[-c>bon fuel cr$it value      
det]m9$ "u subsection 7g77#d77;,b77iii74
  7#f7 ,c>bon capture1 /orage1 &        
utilization  7,a7 ,def9itions ,9 ?is    
p>agraph1 ! t]ms qualifi$ c>bon oxide1  
qualifi$ enhanc$ oil or natural gas     
recov]y project1 & t]ti>y injectant h ! 
mean+s giv5 ^? t]ms 9 section #de,q ( ! 
,int]nal ,rev5ue ,code ( #aihf4  7,b7   
,quantity ( cr$its ,except z o!rwise    

provid$ 9 ?is subsection1 ! quantity (  
,f$]al clean en]gy cr$its issu$ to ea*  
g5]ator ( clean en]gy ?r\gh ! capture & 
/orage or utilization ( qualifi$ c>bon  
oxide f a wa/e /ream ( ! g5]ator %all be
 equal to ! product obta9$ by           
multiply+--  7i7 ! qualifi$ g5]ation ( !
 g5]ator2 &  7ii7 ! diff]5ce betwe5--   
7,i7 #a4j2 &  7,,ii7 ! quoti5t obta9$ by
 divid+--  7aa7 ! c>bon int5sity ( !    
g5]ator1 z det]m9$ 9 accordance )       
subsection 7g7 7express$ 9 metric tons  
p] megawatt-h\r72 by  7bb7 ! applicable 
c>bon int5sity4  7,c7 ,additional cr$its
 ,9 addition to ,f$]al clean en]gy      
cr$its issu$ "u subp>agraph 7,b71 !     
,secret>y %all issue ,f$]al clean en]gy 
cr$its to ea* g5]ator ( clean en]gy     
?r\gh ! capture & /orage or utilization 
( qualifi$ c>bon oxide f a wa/e /ream   
o!r ?an ! wa/e /ream ( ! g5]ator1 or f !
 atmosph]e directly1 9 a quantity equal 
to ! quoti5t obta9$ by divid+--  7i7 !  
numb] ( metric tons ( qualifi$ c>bon    
oxide captur$ & /or$ or utiliz$2 by     

7ii7 ! c>bon int5sity ( ! g5]ator1 z    
det]m9$ 9 accordance ) subsection 7g7   
7express$ 9 metric tons p]              
megawatt-h\r74  7,d7 ,special rules  7i7
 ,regulations  7,i7 ,9 g5]al ,subject to
 subclause 7,,iii71 n lat] ?an #a ye>   
aft] ! date ( enactm5t ( ?is section1 ! 
,secret>y1 9 consultation ) !           
,adm9i/rator ( ! ,environm5tal          
,protection ,ag5cy1 %all promulgate     
regulations e/abli%+--  7aa7 !          
conditions "u :i* qualifi$ c>bon oxide  
may be safely & p]man5tly /or$ =        
purposes ( issu+ ,f$]al clean en]gy     
cr$its to a g5]ator "u ?is p>agraph2 &  
7bb7 9 accordance ) subclause 7,,ii71 ! 
me?ods & processes by :i* qualifi$ c>bon
 oxide may be utiliz$ 9 a mann] t       
ensures ! removal ( ! qualifi$ c>bon    
oxide safely & p]man5tly f ! atmosph]e4 
7,,ii7 ,requirem5ts ,= purposes (       
subclause 7,i77bb7-- 7aa7 utilization ( 
qualifi$ c>bon oxide may include !      
production ( sub/ances1 su* z pla/ics & 
*emicals2 &  7bb7 ! regulations         

promulgat$ pursuant to t subclause %all 
m9imize ! escape or fur!r emission (    
qualifi$ c>bon oxide into ! atmosph]e4  
7,,iii7 ,exi/+ requirem5ts ,9 promulgat+
 regulations pursuant to ?is clause1 !  
,secret>y %all incorporate any exi/+    
,f$]al requirem5ts = ! p]man5t geologic 
/orage ( c>bon oxides1 includ+ any      
requirem5ts "u section #de,q ( !        
,int]nal ,rev5ue ,code ( #aihf4  7ii7   
,adju/$ quantity  7,i7 ,9 g5]al ,not)/&+
 subp>agraphs 7,b7 & 7,c71 except z     
provid$ 9 subclause 7,,ii71 ! quantity (
 ,f$]al clean en]gy cr$its issu$ "u ?is 
p>agraph to a g5]ator at :i* qualifi$   
c>bon oxide is captur$ & us$ z a t]ti>y 
injectant 9 a qualifi$ enhanc$ oil or   
natural gas recov]y project %all be     
r$uc$ by #ej p]c5t4  7,,ii7 ,no r$uction
 ,if ! qualifi$ c>bon oxide captur$ &   
us$ z a t]ti>y injectant 9 a qualifi$   
enhanc$ oil or natural gas recov]y      
project by a g5]ator a*ieves compliance 
) ! conditions e/abli%$ pursuant to     
clause 7i77,i77aa71 ! quantity ( ,f$]al 

clean en]gy cr$its issu$ to ! g5]ator   
%all n be r$uc$4  7#g7 ,qualifi$ en]gy  
/orage sy/ems ,! quantity ( ,f$]al clean
 en]gy cr$its issu$ to ea* qualifi$     
en]gy /orage sy/em %all be equal to !   
product obta9$ by multiply+--  7,a7 !   
electric en]gy dispat*$ & sold by !     
qualifi$ en]gy /orage sy/em 7express$ 9 
megawatt-h\rs72 &  7,b7 ! diff]5ce      
betwe5-- 7i7 #a4j2 &  7ii7 ! quoti5t    
obta9$ by divid+-- 7,i7 ! av]age c>bon  
int5sity ( ! clean en]gy /or$ 9 !       
qualifi$ en]gy /orage sy/em1 z det]m9$ 9
 accordance ) subsection 7g7 7express$ 9
 metric tons p] megawatt-h\r72 by       
7,,ii7 ! applicable c>bon int5sity4     
7#h7 ,negative cr$its ,not)/&+ any o!r  
provision ( ?is subsection1 ! ,secret>y 
%all n issue a negative quantity (      
,f$]al clean en]gy cr$its to any        
g5]ator4  7#i7 ,maximum quantity (      
cr$its ,not)/&+ p>agraphs 7#a7 ?r\gh    
7#f71 ! total quantity ( ,f$]al clean   
en]gy cr$its issu$ "u ^? p>agraphs to a 
g5]ator = a cal5d> ye> %all n exce$ !   

numb] ( megawatt-h\rs ( ! applicable    
annual qualifi$ g5]ation ( ! g5]ator4   
7#aj7 ,innovation multipli]  7,a7 ,9    
g5]al ,not)/&+ p>agraphs 7#a7 ?r\gh     
7#f71 until ! applicable date describ$ 9
 subp>agraph 7,c71 ! quantity ( ,f$]al  
clean en]gy cr$its issu$ "u ?is section 
to--  7i7 a g5]ator t is a qualifi$     
dispat*able l[-emission te*nology or a  
qualifi$ dispat*able z]o-emission       
te*nology %all be equal to ! product    
obta9$ by multiply+--  7,i7 ! qualifi$  
g5]ation ( t g5]ator2  7,,ii7 ! diff]5ce
 betwe5--  7aa7 #a4j2 &  7bb7 ! quoti5t 
obta9$ by divid+-- 7,,aa7 ! c>bon       
int5sity ( ! g5]ator1 z det]m9$ 9       
accordance ) subsection 7g7 7express$ 9 
metric tons p] megawatt-h\r72 by 7,,bb7 
! applicable c>bon int5sity2 &  7,,iii7 
#a4e2  7ii7 a g5]ator t is a dispat*able
 z]o-emission te*nology t is n issu$    
,f$]al clean en]gy cr$its "u clause 7i7 
%all be equal to ! product obta9$ by    
multiply+--  7,i7 ! qualifi$ g5]ation ( 
t g5]ator2  7,,ii7 ! diff]5ce betwe5--  

7aa7 #a4j2 &  7bb7 ! quoti5t obta9$ by  
divid+-- 7,,aa7 ! c>bon int5sity ( !    
g5]ator1 z det]m9$ 9 accordance )       
subsection 7g7 7express$ 9 metric tons  
p] megawatt-h\r72 by 7,,bb7 ! applicable
 c>bon int5sity2 &  7,,iii7 !           
appropriate multipli]1 z det]m9$ "u     
subp>agraph 7,b77i72 &  7iii7 a g5]ator 
t is a dispat*able l[-emission te*nology
 t is n issu$ ,f$]al clean en]gy cr$its 
"u clause 7i7 %all be equal to ! product
 obta9$ by multiply+--  7,i7 ! qualifi$ 
g5]ation ( t g5]ator2  7,,ii7 ! diff]5ce
 betwe5--  7aa7 #a4j2 &  7bb7 ! quoti5t 
obta9$ by divid+-- 7,,aa7 ! c>bon       
int5sity ( ! g5]ator1 z det]m9$ 9       
accordance ) subsection 7g7 7express$ 9 
metric tons p] megawatt-h\r72 by 7,,bb7 
! applicable c>bon int5sity2 &  7,,iii7 
! appropriate multipli]1 z det]m9$ "u   
subp>agraph 7,b77ii74  7,b7 ,multipli]s 
,! multipli]s ref]r$ to 9 clauses       
7ii77,,iii7 & 7iii77,,iii7 ( subp>agraph
 7,a7 are-- 7i7 = a dispat*able         
z]o-emission te*nology describ$ 9       

subp>agraph 7,a77ii7--  7,i7 = ! p]iod  
beg9n+ on ! date ( enactm5t ( ?is       
section & end+ on ! date on :i* ! total 
capacity ( dispat*able z]o-emission     
te*nologies 9 ! ,unit$ ,/ates is great] 
?an #e gigawatts1 z det]m9$ by !        
,secret>y1 #a4be2  7,,ii7 = ! p]iod     
beg9n+ on ! day aft] ! date ( expiration
 ( ! p]iod describ$ 9 subclause 7,i7 &  
end+ on ! date on :i* ! total capacity (
 dispat*able z]o-emission te*nologies 9 
! ,unit$ ,/ates is great] ?an #aj       
gigawatts1 z det]m9$ by ! ,secret>y1    
#a4b2  7,,iii7 = ! p]iod beg9n+ on ! day
 aft] ! date ( expiration ( ! p]iod     
describ$ 9 subclause 7,,ii7 & end+ on ! 
date on :i* ! total capacity (          
dispat*able z]o-emission te*nologies 9 !
 ,unit$ ,/ates is great] ?an #ae        
gigawatts1 z det]m9$ by ! ,secret>y1    
#a4ae2 &  7,,iv7 = ! p]iod beg9n+ on !  
day aft] ! date ( expiration ( ! p]iod  
describ$ 9 subclause 7,,iii7 & end+ on !
 date on :i* ! total capacity (         
dispat*able z]o-emission te*nologies 9 !

 ,unit$ ,/ates is great] ?an #bj        
gigawatts1 z det]m9$ by ! ,secret>y1    
#a4a2 &  7ii7 = a dispat*able           
l[-emission te*nology describ$ 9        
subp>agraph 7,a77iii7-- 7,i7 = ! p]iod  
beg9n+ on ! date ( enactm5t ( ?is       
section & end+ on ! date on :i* ! total 
capacity ( dispat*able l[-emission      
te*nologies & dispat*able z]o-emission  
te*nologies 9 ! ,unit$ ,/ates is great] 
?an #e gigawatts1 z det]m9$ by !        
,secret>y1 #a4be2  7,,ii7 = ! p]iod     
beg9n+ on ! day aft] ! date ( expiration
 ( ! p]iod describ$ 9 subclause 7,i7 &  
end+ on ! date on :i* ! total capacity (
 dispat*able l[-emission te*nologies &  
dispat*able z]o-emission te*nologies 9 !
 ,unit$ ,/ates is great] ?an #aj        
gigawatts1 z det]m9$ by ! ,secret>y1    
#a4b2  7,,iii7 = ! p]iod beg9n+ on ! day
 aft] ! date ( expiration ( ! p]iod     
describ$ 9 subclause 7,,ii7 & end+ on ! 
date on :i* ! total capacity (          
dispat*able l[-emission te*nologies &   
dispat*able z]o-emission te*nologies 9 !

 ,unit$ ,/ates is great] ?an #ae        
gigawatts1 z det]m9$ by ! ,secret>y1    
#a4ae2 &  7,,iv7 = ! p]iod beg9n+ on !  
day aft] ! date ( expiration ( ! p]iod  
describ$ 9 subclause 7,,iii7 & end+ on !
 date on :i* ! total capacity (         
dispat*able l[-emission te*nologies &   
dispat*able z]o-emission te*nologies 9 !
 ,unit$ ,/ates is great] ?an #bj        
gigawatts1 z det]m9$ by ! ,secret>y1    
#a4a4  7,c7 ,phase-out ,! quantity (    
,f$]al clean en]gy cr$its issu$ "u ?is  
section to-- 7i7 a g5]ator describ$ 9   
subp>agraph 7,a77i7 t is--  7,i7 a      
qualifi$ dispat*able l[-emission        
te*nology %all be det]m9$ 9 accordance )
 subp>agraph 7,a77iii71 effective beg9n+
 on ! e>li] (--  7aa7 ! date on :i* !   
qualifi$ dispat*able l[-emission        
te*nology has be5 9 s]vice = #aj ye>s2 &
  7bb7 ,janu>y #a1 #bjce2 &  7,,ii7 a   
qualifi$ dispat*able z]o-emission       
te*nology %all be det]m9$ 9 accordance )
 subp>agraph 7,a77ii71 effective beg9n+ 
on ! date on :i* ! qualifi$ dispat*able 

z]o-emission te*nology has be5 9 s]vice 
= #aj ye>s2  7ii7 a g5]ator describ$ 9  
subp>agraph 7,a77ii7 %all be det]m9$ 9  
accordance ) p>agraphs 7#a7 ?r\gh 7#f71 
effective beg9n+ on ,janu>y #a1 #bjej2 &
  7iii7 a g5]ator describ$ 9 subp>agraph
 7,a77iii7 %all be det]m9$ 9 accordance 
) p>agraphs 7#a7 ?r\gh 7#f71 effective  
beg9n+ on ,janu>y #a1 #bjdj4  7,d7      
,prohibition on d\ble receipts ,a       
g5]ator t receives ,f$]al clean en]gy   
cr$its "u subp>agraph 7,a7 may n receive
 any additional ,f$]al clean en]gy cr$it
 "u any ( p>agraphs 7#a7 ?r\gh 7#f74    
7g7 ,det]m9ation ( c>bon int5sity &     
cr$it value  7#a7 ,9 g5]al ,= purposes (
 det]m9+ ! quantity ( ,f$]al clean en]gy
 cr$its "u subsection 7f71 except z     
o!rwise provid$ 9 ?is subsection1 !     
,secret>y %all det]m9e ! c>bon int5sity 
( ea* g5]ator us+ data & me?ods f ! ,air
 ,emission ,measurem5t ,c5t] ( !        
,environm5tal ,protection ,ag5cy =      
emission te/+ & monitor+1 includ+--     
7,a7 ,cont9u\s ,emission ,monitor+      

,sy/ems2 &  7,b7 ,pr$ictive ,emission   
,monitor+ ,sy/ems4  7#b7 ,natural gas   
adju/m5t ,except z provid$ 9 p>agraph   
7#d71 ! ,secret>y %all adju/ ! c>bon    
int5sity det]m9$ "u p>agraph 7#a7 = ea* 
g5]ator us+ natural gas by apply+ !     
me?ane leakage rates assum$ 9 !         
#i-region ,,m>kal ,database ( !         
,environm5tal ,protection ,ag5cy        
7commonly kn[n z ! ,,epaus#i,r          
database74  7#c7 ,nonemitt+ g5]ators    
,except z provid$ 9 p>agraph 7#d71 !    
,secret>y %all assign a c>bon int5sity (
 z]o = any g5]ator t does n produce     
emissions on electric en]gy g5]ation1   
includ+ any g5]ator t uses r5ewable     
en]gy1 hydrop[]1 or nucle> p[]4  7#d7   
,det]m9ation & ,national ,academy (     
,sci5ces /udy ,! ,secret>y %all-- 7,a7 n
 lat] ?an #ahj days aft] ! date (       
enactm5t ( ?is section1 ent] into an    
agreem5t ) ! ,national ,academy (       
,sci5ces1 "u :i* ! ,academy %all--  7i7 
evaluate data1 models1 & me?odologies = 
quantify+ lifecycle gre5h\se gas        

emissions associat$ ) g5]at+ electric   
en]gy f ea* type ( significant s\rce (  
clean en]gy1 includ+ ! s\rces describ$ 9
 subp>agraphs 7,a7 & 7,b7 ( subsection  
7b77#h72  7ii7 evaluate data1 models1 & 
me?odologies = det]m9+ ! appropriate    
cr$it value = use 9 ! quantification (  
,f$]al clean en]gy cr$its "u subsection 
7f7 =--  7,i7 qualifi$ r5ewable biomass1
 tak+ into consid]ation total lifecycle 
c>bon dynamics1 includ+-- 7aa7 c>bon    
absorb$ ?r\gh ! regr[? ( vegetation2    
7bb7 avoid$ decomposition relat+ to !   
full fuel lifecycle2  7cc7 c>bon s9k    
value f l& use *anges & temporal *anges 
9 =e/ c>bon seque/ration2 &  7dd7       
lifecycle gre5h\se gas emissions1       
includ+-- 7,,aa7 direct gre5h\se gas    
emissions2 & 7,,bb7 significant indirect
 gre5h\se gas emissions1 includ+ all    
/ages ( fuel & fe$/ock production &     
di/ribution & fe$/ock g5]ation or       
extraction ?r\gh ! di/ribution & deliv]y
 ( ! f9i%$ fuel to electric consum]s2   
7,,ii7 qualifi$ wa/e-to-en]gy1 tak+ into

 consid]ation total lifecycle c>bon     
dynamics1 includ+-- 7aa7 avoid$         
decomposition relat+ to ! fe$/ock       
lifecycle2 &  7bb7 lifecycle gre5h\se   
gas emissions1 includ+-- 7,,aa7 direct  
gre5h\se gas emissions2 & 7,,bb7        
indirect gre5h\se gas emissions2 &      
7,,iii7 qualifi$ l[-c>bon fuels1 tak+   
into consid]ation lifecycle gre5h\se gas
 emissions1 includ+--  7aa7 direct      
gre5h\se gas emissions2 &  7bb7         
significant indirect gre5h\se gas       
emissions1 includ+-- 7,,aa7 all /ages ( 
fuel & fe$/ock production & di/ribution2
 & 7,,bb7 fe$/ock g5]ation or extraction
 ?r\gh ! di/ribution & deliv]y ( ! f9i%$
 fuel to electric consum]s2  7iii7      
evaluate ! appropriat5ess ( ! def9itions
 conta9$ 9 subsection 7b7 ( ! t]ms--    
7,i7 qualifi$ r5ewable biomass1 tak+    
into consid]ation :e!r ! def9ition %\ld 
be exp&$ or contract$2  7,,ii7 qualifi$ 
wa/e-to-en]gy2 &  7,,iii7 qualifi$      
l[-c>bon fuel2  7iv7 if x is det]m9$ "u 
clause 7iii77,i7 t ! def9ition ( ! t]m  

qualifi$ r5ewable biomass %\ld be exp&$1
 evaluate tools = det]m9+ ! all[able    
c>bon /ock removal levels dur+ def9$ =e/
 managem5t op]ations2 &  7v7 n lat] ?an 
#edj days aft] ! date ( enactm5t ( ?is  
section1 publi% a report t includes--   
7,i7 a description ( ! evaluations "u   
clauses 7i7 ?r\gh 7iv72 &  7,,ii7       
recomm5dations =--  7aa7 det]m9+ ! c>bon
 int5sity1 acc\nt+ = lifecycle gre5h\se 
gas emissions1 ( electric en]gy g5]at$ f
 ea* type ( significant s\rce ( clean   
en]gy evaluat$ "u clause 7i72  7bb7     
det]m9+ ! cr$it value ( electric en]gy  
g5]at$ f qualifi$ r5ewable biomass1     
qualifi$ wa/e-to-en]gy1 & qualifi$      
l[-c>bon fuels2  7cc7 if applicable1    
*anges to ! def9itions ( ! t]ms qualifi$
 r5ewable biomass1 qualifi$             
wa/e-to-en]gy1 & qualifi$ l[-c>bon fuel2
 &  7dd7 if applicable1 det]m9+ !       
all[able c>bon /ock removal levels dur+ 
def9$ =e/ managem5t op]ations2  7,b7 n  
lat] ?an #a ye> aft] ! date (           
publication ( ! report "u subp>agraph   

7,a77v71 aft] provid+ notice an         
opportunity = public comm5t1 promulgate 
regulations1 tak+ into consid]ation !   
report1 =--  7i7 calculat+ lifecycle    
gre5h\se gas emissions ( electric en]gy 
g5]at$ f ea* type ( significant s\rce ( 
clean en]gy evaluat$ "u subp>agraph     
7,a77i72  7ii7 det]m9+ ! c>bon int5sity 
( electric en]gy g5]at$ f ea* type (    
significant s\rce ( clean en]gy evaluat$
 "u subp>agraph 7,a77i72 &  7iii7       
det]m9+ ! cr$it value ( electric en]gy  
g5]at$ f qualifi$ r5ewable biomass1     
qualifi$ wa/e-to-en]gy1 & qualifi$      
l[-c>bon fuels2 &  7,c7 if recomm5d$ 9 !
 report "u subp>agraph                  
7,a77v77,,ii77cc71 submit to ,congress  
recomm5dations relat+ to *anges to !    
def9itions ( ! t]ms qualifi$ r5ewable   
biomass1 qualifi$ wa/e-to-en]gy1 &      
qualifi$ l[-c>bon fuel = purposes ( ?is 
section4  7#e7 ,consultation ,!         
,secret>y %all consult )-- 7,a7 9       
det]m9+ c>bon int5sities ( g5]ators     
pursuant to p>agraph 7#a7 & mak+        

adju/m5ts pursuant to p>agraph 7#b71 !  
,adm9i/rator ( ! ,environm5tal          
,protection ,ag5cy2  7,b7 9 promulgat+  
regulations = calculat+ lifecycle       
gre5h\se gas emissions pursuant to      
p>agraph 7#d77;,b77i7 & det]m9+ c>bon   
int5sities pursuant to p>agraph         
7#d77;,b77ii71 ! ,adm9i/rator ( !       
,environm5tal ,protection ,ag5cy2  7,c7 
9 promulgat+ regulations = det]m9+      
appropriate cr$it values pursuant to    
p>agraph 7#d77;,b77iii7--  7i7 !        
,adm9i/rator ( ! ,environm5tal          
,protection ,ag5cy2  7ii7 ! ,secret>y ( 
,agriculture2 &  7iii7 ! ,secret>y ( !  
,int]ior2 &  7,d7 9 mak+ recomm5dations 
to ,congress "u p>agraph 7#d77;,c71 !   
,adm9i/rator ( ! ,environm5tal          
,protection ,ag5cy1 act+ 9 consultation 
) ! ,sci5tific ,advisory ,bo>d ( !      
,environm5tal ,protection ,ag5cy4  7h7  
,civil p5alties  7#a7 ,9 g5]al ,subject 
to p>agraph 7#b71 a retail electricity  
suppli] t fails to meet ! requirem5ts ( 
?is section %all be subject to a civil  

p5alty 9 an am\nt equal to ! product    
obta9$ by multiply+--  7,a7 ! numb] (   
kil[att-h\rs ( electric en]gy sold by ! 
retail electricity suppli] to electric  
consum]s 9 violation ( subsection 7c72 &
  7,b7 #bjj p]c5t ( ! value ( !         
alt]native compliance paym5t1 z adju/$  
"u subsection 7i77#b74  7#b7 ,waiv]s &  
mitigation  7,a7 ,=ce majeure ,!        
,secret>y may mitigate or waive a civil 
p5alty "u p>agraph 7#a7 if ! applicable 
retail electricity suppli] 0 unable to  
comply ) an applicable requirem5t ( ?is 
section = reasons outside ( ! reasonable
 control ( ! retail electricity suppli]4
  7,b7 ,r$uction = ,/ate p5alties ,!    
,secret>y %all r$uce ! am\nt ( a p5alty 
det]m9$ "u p>agraph 7#a7 by ! am\nt paid
 by ! applicable retail electricity     
suppli] to a ,/ate = failure to comply )
 ! requirem5t ( a ,/ate r5ewable en]gy  
program1 if ! ,/ate requirem5t is m     
/r+5t ?an ! applicable requirem5t ( ?is 
section4  7#c7 ,proc$ure = assess+      
p5alty ,! ,secret>y %all assess a civil 

p5alty "u ?is subsection 9 accordance ) 
section #ccc7;d7 ( ! ,en]gy ,policy &   
,cons]vation ,act 7#db ,u4,s4,c4        
#fcjc7;d774  7i7 ,alt]native compliance 
paym5ts  7#a7 ,9 g5]al ,a retail        
electricity suppli] may satisfy !       
requirem5ts ( subsection 7c71 9 :ole or 
9 "p1 by submitt+1 9 lieu ( ,f$]al clean
 en]gy cr$its issu$ "u ?is section1 a   
paym5t equal to ! am\nt requir$ "u      
subsection 7d77#a77;,c71 9 accordance ) 
su* regulations z ! ,secret>y may       
promulgate1 subject to p>agraph 7#b74   
7#b7 ,adju/m5t ,n lat] ?an ,decemb] #a (
 ! second full cal5d> ye> beg9n+ aft] ! 
date ( enactm5t ( ?is section1 &        
annually !reaft]1 ! ,secret>y %all--    
7,a7 increase ! rate ( ! alt]native     
compliance paym5t "u subsection         
7d77#a77;,c7 by-- 7i7 dur+ ! p]iod      
beg9n+ on ! date ( enactm5t ( ?is       
section & end+ on ,decemb] #ca1 #bjbi1  
#c p]c5t2 &  7ii7 beg9n+ on ,janu>y #a1 
#bjcj1 #e p]c5t2 &  7,b7 additionally   
adju/ t rate = inflation1 z ! ,secret>y 

det]m9es to be necess>y4  7j7 ,/ate     
en]gy effici5cy1 clean en]gy deploym5t1 
& electric consum] bill r$uction program
  7#a7 ,e/abli%m5t ,n lat] ?an ,decemb] 
#a ( ! fir/ cal5d> ye> beg9n+ aft] !    
date ( enactm5t ( ?is section1 !        
,secret>y %all e/abli% a ,/ate en]gy    
effici5cy1 clean en]gy deploym5t1 &     
electric consum] bill r$uction program4 
7#b7 ,fund+ ,all funds collect$ by !    
,secret>y z alt]native compliance       
paym5ts "u subsection 7i71 or z civil   
p5alties "u subsection 7h71 %all be us$ 
solely to c>ry out ! program "u ?is     
subsection4  7#c7 ,di/ribution to ,/ates
  7,a7 ,9 g5]al ,( ! funds describ$ 9   
p>agraph 7#b71 an am\nt equal to #ge    
p]c5t %all be us$ by ! ,secret>y1 )\t   
fur!r appropriation or fiscal ye>       
limitation1 to provide funds to ,/ates1 
9 an am\nt det]m9$ proportionally bas$  
on ! am\nts collect$ f ea* ,/ate--  7i7 
= ! implem5tation ( ,/ate en]gy         
effici5cy plans "u section #cfb ( !     
,en]gy ,policy & ,cons]vation ,act 7#db 

,u4,s4,c4 #fcbb72  7ii7 = ! conduct (   
clean en]gy programs 9 ! ,/ate2 &  7iii7
 to c>ry out activities to r$uce ! am\nt
 ( electricity bills = h\seholds 9 !    
,/ate bel[ #cjj p]c5t ( ! pov]ty l9e 7z 
def9$ 9 section #fgc ( ! ,community     
,s]vices ,block ,grant ,act 7#db        
,u4,s4,c4 #iijb774  7,b7 ,action by     
,/ates ,a ,/ate t receives funds "u ?is 
p>agraph %all ma9ta9 su* records &      
evid5ce ( compliance z ! ,secret>y may  
require4  7#d7 ,guidel9es & crit]ia     
7,a7 ,buy ,am]ican compliance ,! funds  
made available "u ! program e/abli%$ "u 
?is subsection %all n be us$ = a project
 unless ! project a*ieves compliance )  
all applicable requirem5ts ( *apt] #hc (
 title #da1 ,unit$ ,/ates ,code 7=m]ly  
kn[n z ! ,buy ,am]ican ,act74  7,b7     
,davis-,bacon compliance  7i7 ,9 g5]al  
,all labor]s & me*anics employ$ on      
projects fund$ directly1 or assi/$ 9    
:ole or 9 "p1 by ?is section %all be    
paid wages at rates n less ?an ^?       
prevail+ on projects ( a "* simil> 9 !  

locality z det]m9$ by ! ,secret>y (     
,labor 9 accordance ) sub*apt] ,,iv (   
*apt] #ca ( "p ,a ( subtitle ,,ii (     
title #dj1 ,unit$ ,/ates ,code 7commonly
 ref]r$ to z ! ,davis-,bacon ,act74     
7ii7 ,au?ority ,) respect to ! labor    
/&>ds specifi$ 9 ?is subp>agraph1 !     
,secret>y ( ,labor %all h ! au?ority &  
functions set =? 9 ,reorganization ,plan
 ,numb]$ #ad ( #aiej 7#fd ,/at4 #abfg2  
#e ,u4,s4,c4 ,app47 & section #cade (   
title #dj1 ,unit$ ,/ates ,code4  7,c7   
,additional guidel9es & crit]ia ,!      
,secret>y may issue su* additional      
guidel9es & crit]ia = ! program "u ?is  
subsection z ! ,secret>y det]m9es to be 
appropriate4  7k7 ,/ate programs  7#a7  
,sav+s provision  7,a7 ,9 g5]al ,subject
 to subp>agraph 7,b71 no?+ 9 ?is section
 affects ! au?ority ( a ,/ate or a      
political subdivision ( a ,/ate to adopt
 or en=ce any law or regulation relat+  
to--  7i7 clean or r5ewable en]gy2 or   
7ii7 ! regulation ( any retail          
electricity suppli]4  7,b7 ,f$]al law   

,no law or regulation ( a ,/ate or a    
political subdivision ( a ,/ate may     
relieve a retail electricity suppli] f !
 obligation to comply ) an applicable   
requirem5t ( ?is section4  7#b7         
,coord9ation ,! ,secret>y1 9            
consultation ) ,/ates t h clean &       
r5ewable en]gy programs 9 effect1 %all  
facilitate1 to ! maximum ext5t          
practicable1 coord9ation betwe5 ! ,f$]al
 clean en]gy program "u ?is section & ! 
relevant ,/ate clean & r5ewable en]gy   
programs4  7l7 ,in=mation collection    
7#a7 ,9 g5]al ,! ,secret>y may require  
any retail electricity suppli]1 g5]ator1
 or any o!r entity t ! ,secret>y        
det]m9es appropriate to submit to !     
,secret>y any in=mation ! ,secret>y     
det]m9es to be appropriate to c>ry out  
?is section4  7#b7 ,failure to submit2  
false or mislead+ in=mation ,an entity  
requir$ to submit in=mation pursuant to 
p>agraph 7#a7 t fails to submit !       
in=mation1 or submits false or mislead+ 
in=mation1 %all be 9 violation ( ?is    

section4  7m7 ,report on clean en]gy    
res\rces t d n g5]ate electric en]gy    
7#a7 ,9 g5]al ,n lat] ?an #c ye>s aft] !
 date ( enactm5t ( ?is section1 !       
,secret>y %all submit to ,congress a    
report exam9+ me*anisms to supplem5t !  
/&>d "u ?is section by address+ clean   
en]gy res\rces t d n g5]ate electric    
en]gy b t may sub/antially r$uce ov]all 
en]gy emissions1 includ+ en]gy          
effici5cy1 dem& response1 flexible load1
 b5eficial electrification1 microgrids1 
biomass conv]t$ to !rmal en]gy1 geo!rmal
 en]gy collect$ us+ heat pumps1 !rmal   
en]gy deliv]$ ?r\gh di/rict heat+       
sy/ems1 & wa/e heat us$ z indu/rial     
process heat4  7#b7 ,pot5tial           
integration ,! report "u p>agraph 7#a7  
%all exam9e ! b5efits & *all5ges (      
integrat+ ! additional clean en]gy      
res\rces into ! /&>d e/abli%$ by ?is    
section1 includ+--  7,a7 ! ext5t to :i* 
su* an integration w\ld a*ieve !        
purposes ( ?is section2  7,b7 ! mann] 9 
:i* a basel9e describ+ ! use ( !        

res\rces c\ld be develop$ t w\ld ensure 
t only increm5tal action t increas$ !   
use ( ! res\rces receiv$ cr$it2 &  7,c7 
! *all5ges ( cr$it+ ! res\rces1 alone or
 9 comb9ation ) o!r res\rces1 9 a       
comp>able mann] betwe5 organiz$ m>kets &
 v]tically integrat$ m>kets to          
inc5tivize suffici5t deploym5t ( ^?     
res\rces to support effici5t integration
 into ! /&>d4  7#c7 ,complem5t>y        
policies ,! report "u p>agraph 7#a7 %all
 exam9e ! b5efits & *all5ges ( us+      
complem5t>y policies or /&>ds1 o!r ?an !
 /&>d e/abli%$ "u ?is section1 to       
provide effective inc5tives = us+ !     
additional clean en]gy res\rces4  7#d7  
,legislative recomm5dations ,z "p ( !   
report "u p>agraph 7#a71 ! ,secret>y    
%all provide legislative recomm5dations 
= *anges to ! /&>d e/abli%$ "u ?is      
section or new complem5t>y policies t   
w\ld provide effective inc5tives = us+ !
 additional clean en]gy res\rces4  7n7  
,p]iodic review & adju/m5ts  7#a7       
,national ,academy ( ,sci5ces review ,! 

,secret>y %all ent] into an agreem5t ) !
 ,national ,academy ( ,sci5ces "u :i* ! 
,academy %all1 n lat] ?an ,july #a1     
#bjbh1 & e #aj ye>s !reaft]1 submit to  
,congress & ! ,secret>y a compreh5sive  
evaluation ( all aspects ( ! /&>d       
e/abli%$ "u ?is section1 includ+--  7,a7
 an evaluation ( ! effectiv5ess ( ! /&>d
 9 decreas+ ! aggregate net c>bon       
dioxide equival5t emissions 9 ! electric
 sector1 includ+--  7i7 a comp>ison (-- 
7,i7 ! actual c>bon dioxide equival5t   
emissions associat$ ) ! electric sector 
= ! prec$+ cal5d> ye>2 &  7,,ii7 7aa7 = 
! initial review1 #ijj1jjj1jjj metric   
tons ( c>bon dioxide equival5t2  7bb7 = 
! review conduct$ ) respect to cal5d>   
ye> #bjch1 #fjj1jjj1jjj metric tons (   
c>bon dioxide equival5t2 or  7cc7 if !  
,academy det]m9es t an emissions value  
describ$ 9 item 7aa7 or 7bb7 is         
inappropriate aft] tak+ into            
consid]ation *anges 9 electric en]gy    
consumption1 & 9 emissions relat+ to    
en]gy use outside ( ! electric sector1  

su* emissions z ! ,academy det]m9es to  
be appropriate = ! applicable review    
ye>2 &  7ii7 an evaluation ( ! me?ods by
 :i* ! quantity ( ,f$]al clean en]gy    
cr$its is det]m9$1 includ+--  7,i7      
alt]native me?ods ( quantify+ cr$its =  
clean en]gy res\rces eligible to receive
 ,f$]al clean en]gy cr$its "u ?is       
section t may be m effective1 su* z--   
7aa7 issu+ cr$its bas$ on ! diff]5ce    
betwe5 ! c>bon int5sity ( a g5]ator & ! 
m>g9al emissions rate 9 a giv5 h\r &    
balanc+ area2 &  7bb7 adju/+ !          
innovation multipli]s2 &  7,,ii7        
pot5tial me?ods ( cr$it+ o!r clean en]gy
 res\rces n already address$ 9 ! report 
"u subsection 7m72  7,b7 ! impact ( !   
/&>d on ! reliability1 resili5ce1       
security1 & safety ( electricity        
g5]ation1 transmission1 & di/ribution2  
7,c7 ! impact ( ! /&>d on ! function (  
regulat$ & d]egulat$ electricity m>kets2
  7,d7 ! net b5efits or co/s ( ! /&>d to
 ! ,unit$ ,/ates & ! ,/ates1 includ+--  
7i7 ! effects on electricity dem& &     

prices2  7ii7 ! economic developm5t     
b5efits ( inve/m5t2  7iii7 lifecycle    
environm5tal & safety co/s & b5efits2   
7iv7 ! impacts on public heal? & heal?  
c>e co/s2 &  7v7 avoid$ co/s relat+ to  
environm5tal damages & adaptation       
inve/m5ts t o!rwise w\ld h be5 requir$2 
7,e7 ! impact ( ! /&>d on ! emissions ( 
beh9d-!-met] & (f-grid electricity      
g5]ation2  7,f7 recomm5dations reg>d+   
pot5tial *anges to ! /&>d1 su* z-- 7i7  
to regulations & proc$ures = implem5t+ !
 /&>d2  7ii7 to ! /ructure & specific   
design elem5ts ( ! /&>d1 su* z-- 7,i7 if
 ! comp>ison ( emissions "u p>agraph    
7#a77;,a77i7 reveals t actual emissions 
= ! electric sector are great] ?an !    
requir$ emissions "u p>agraph           
7#a77;,a77i77,,ii71 *anges to ! values (
 ! gr[? rates1 ! applicable c>bon       
int5sity1 & alt]native compliance paym5t
 to elim9ate ! gap betwe5 actual &      
requir$ emissions2  7,,ii7 !            
quantification ( ,f$]al clean en]gy     
cr$its2 &  7,,iii7 ! value ( &          

eligibility = ! innovation multipli]2 & 
7iii7 to ! /ructure & adm9i/ration ( !  
,f$]al clean en]gy cr$it trad+ program2 
&  7,g7 recomm5dations reg>d+ pot5tial  
*anges to relat$ public policies or     
creation ( new complem5t>y policies4    
7#b7 ,recomm5dations to ,congress ,n    
lat] ?an ,janu>y #a1 #bjbi1 & n less    
frequ5tly ?an once e #aj ye>s !reaft]1 !
 ,secret>y %all submit to ! ,committee  
on ,en]gy & ,natural ,res\rces ( !      
,s5ate & ! ,committee on ,en]gy &       
,comm]ce ( ! ,h\se ( ,repres5tatives a  
report includ+ recomm5dations =         
modifications & improvem5ts to ! /&>d   
e/abli%$ "u ?is section1 includ+ an     
explanation ( ! inconsi/5cies1 if any1  
betwe5--  7,a7 ! recomm5dations ( !     
,secret>y2 &  7,b7 ! recomm5dations     
includ$ 9 ! evaluation ( ! ,national    
,academy ( ,sci5ces "u p>agraph 7#a74   
7#c7 ,congressional action ,n lat] ?an  
,janu>y #a1 #bjcj1 & n less frequ5tly   
?an once e #aj ye>s !reaft]1 ,congress  
%all enact legislation t am5ds ?is      

section or e/abli%es new policies bas$  
on ! recomm5dations submitt$ by !       
,secret>y "u p>agraph 7#b74  7#d7       
,adju/m5ts ^u failure ( congressional   
action  7,a7 ,9 g5]al ,if ,congress     
fails to enact legislation "u p>agraph  
7#c7 by an applicable deadl9e1 !        
,secret>y--  7i7 %all1 9 any case 9 :i* 
! comp>ison ( emissions "u p>agraph     
7#a77;,a77i7 reveals t actual emissions 
= ! electric sector are great] ?an !    
requir$ emissions "u p>agraph           
7#a77;,a77i77,,ii71 make su* comp5satory
 adju/m5ts to ! /&>d e/abli%$ "u ?is    
section z ! ,secret>y consid]s to be    
necess>y1 bas$ on1 & consi/5t )1 ! f9d+s
 & recomm5dations ( ! ,national ,academy
 ( ,sci5ces "u p>agraph                 
7#a77;,f77ii77,i71 to elim9ate ! gap    
betwe5 actual & requir$ emissions by n  
lat] ?an #c ye>s aft] ! date ( !        
applicable deadl9e by--  7,i7 increas+ !
 fa/ gr[? rate2  7,,ii7 increas+ ! sl[  
gr[? rate2  7,,iii7 increas+ ! small    
gr[? rate2  7,,iv7 decreas+ ! applicable

 c>bon int5sity2  7,v7 increas+ !       
alt]native compliance paym5t "u         
subsection 7d77#a77;,c72 or  7,,vi7 tak+
 a comb9ation ( actions describ$ 9      
subclauses 7,i7 ?r\gh 7,v72 &  7ii7 if !
 evaluation ( ! cr$it+ sy/em "u p>agraph
 7#a77;,a77ii7 describes a m-effective  
me?od ( issu+ ,f$]al clean en]gy cr$its 
to clean en]gy res\rces1 may make o!r   
modifications & improvem5ts to ! /&>d   
bas$ on1 & consi/5t )1 ! recomm5dations 
"u p>agraph 7#a77;,f77ii7 t w\ld h !    
effect ( decreas+ economy-wide          
emissions4  7,b7 ,requirem5t ,9 mak+ !  
comp5satory adju/m5ts "u subp>agraph    
7,a77i71 ! ,secret>y %all ensure t      
retail electricity suppli]s t h exce$$ !
 proportionate %>e ( ! r$uctions ( !    
retail electricity suppli]s requir$ "u  
p>agraph 7#a77;,a77i77,,ii7 %all n be>  
significant additional co/s "u ?is      
p>agraph4  7o7 ,regulations ,n lat] ?an 
#a ye> aft] ! date ( enactm5t ( ?is     
section1 ! ,secret>y %all promulgate    
regulations to implem5t ?is section4  4 

7b7 ,con=m+ am5dm5t ,! table ( cont5ts (
 ! ,public ,utility ,regulatory         
,policies ,act ( #aigh 7#af ,u4,s4,c4   
prec4 #bfja7 is am5d$ by add+ at ! end (
 ! items relat+ to title ,,vi ! foll[+3 
#fji4 ,rural & remote communities       
electrification grants4#faj4 ,f$]al     
clean en]gy /&>d4  4  #c4 ,clean en]gy  
rese>*1 developm5t1 demon/ration1 &     
deploym5t program  7a7 ,e/abli%m5t ,!   
,secret>y ( ,en]gy %all e/abli% a       
cross-cutt+ national program )9 !       
,dep>tm5t ( ,en]gy = ! rese>*1          
developm5t1 demon/ration1 & deploym5t ( 
clean en]gy te*nologies & portfolios = !
 purpose ( meet+ ! requirem5ts e/abli%$ 
"u section #faj ( ! ,public ,utility    
,regulatory ,policies ,act ( #aigh 7z   
add$ by section #b7;a774  7b7           
,requirem5ts ,9 e/abli%+ ! program "u   
subsection 7a71 ! ,secret>y ( ,en]gy    
%all-- 7#a7 id5tify & coord9ate1 across 
all relevant program (fices ?r\gh\t !   
,dep>tm5t ( ,en]gy1 key areas ( exi/+ & 
future rese>* ) respect to a portfolio (

 te*nologies & approa*es2  7#b7 )       
respect to dispat*able l[-emission      
te*nologies & dispat*able z]o-emission  
te*nologies 7z def9$ 9 sections #faj7;b7
 ( ! ,public ,utility ,regulatory       
,policies ,act ( #aigh 7z add$ by       
section #b7;a77--  7,a7 prioritize      
programs t w\ld accel]ate ! rese>*1     
developm5t1 demon/ration1 & deploym5t ( 
te*nologies by--  7i7 id5tify+ specific 
applications ( ^? te*nologies2  7ii7    
catalogu+ exi/+ ,dep>tm5t ( ,en]gy      
programs & rese>* to advance ! specific 
applications2 &  7iii7 e/abli%+ a c5t]  
)9 ! ,dep>tm5t ( ,en]gy to coord9ate    
rese>* priorities & demon/ration        
programs = ! specific applications2     
7,b7 adopt long-t]m co/1 p]=mance1 &    
deploym5t t>gets = ! specific           
applications id5tifi$ "u subp>agraph    
7,a77i71 includ+ a goal ( conduct+ n    
few] ?an #e te*nology demon/rations 9 ! 
,unit$ ,/ates by ,decemb] #ca1 #bjcj2   
7,c7 id5tify opportunities to "w )      
,/ates & ! private sector = te*nology   

demon/ration2 &  7,d7 id5tify b>ri]s to 
! demon/ration & deploym5t ( ^?         
te*nologies2  7#c7 id5tify approa*es to 
exp$ite deploym5t ( clean en]gy         
te*nologies by evaluat+ & avoid+ or     
m9imiz+ pot5tial impacts to natural     
communities1 ecological res\rces1 &     
high-quality work+ l&2 &  7#d7 recomm5d 
to ,congress any additional fund+ ne$s  
or policy *anges necess>y to implem5t ! 
program4  7c7 ,fund+ ,subject to !      
availability ( appropriations1 !        
,secret>y ( ,en]gy may use am\nts       
available to ! ,secret>y to c>ry out ?is
 section4