,i #aag? ,,congress #a/ ,session ,h4 ,r4 #caci ,,9 ,,! ,,h\se ,,( ,,repres5tatives ,may #ab1 #bjba,ms4 ,cl>ke ( ,new ,york 7= h]self1 ,mr4 ,torres ( ,new ,york1 ,ms4 ,velzquez1 ,mr4 ,nadl]1 ,ms4 ,b>ragn1 ,ms4 ,norton1 ,mr4 ,espaillat1 ,ms4 ,lee ( ,cali=nia1 ,ms4 ,williams ( ,georgia1 ,mr4 ,jones1 & ,mr4 ,soto7 introduc$ ! foll[+ bill2 :i* 0 ref]r$ to ! ,committee on ,en]gy & ,comm]ce1 & 9 addition to ! ,committee on ,ways & ,means1 = a p]iod to be subsequ5tly det]m9$ by ! ,speak]1 9 ea* case = consid]ation ( su* provisions z fall )9 ! jurisdiction ( ! committee conc]n$ ,a ,,bill ,to require ! ,secret>y ( ,en]gy to submit to ,congress an annual report on peak] plants 9 ! ,unit$ ,/ates & to provide f9ancial inc5tives = replac+ peak] plants ) te*nology t receives1 /ores1 & deliv]s en]gy g5]at$ by r5ewable en]gy res\rces1 & = o!r purposes4 #a4 ,%ort title ,?is ,act may be cit$ z ! ,promot+ ,en]gy ,alt]natives is ,key to ,emission ,r$uctions ,act ( #bjba or ! ,,peak] ,act ( #bjba4 #b4 ,def9itions ,9 ?is ,act3 7#a7 ,appropriate committees ( ,congress ,! t]m appropriate committees ( ,congress means-- 7,a7 ! ,committee on ,f9ance ( ! ,s5ate2 7,b7 ! ,committee on ,en]gy & ,natural ,res\rces ( ! ,s5ate2 7,c7 ! ,committee on ,environm5t & ,public ,works ( ! ,s5ate2 7,d7 ! ,committee on ,ways & ,means ( ! ,h\se ( ,repres5tatives2 & 7,e7 ! ,committee on ,en]gy & ,comm]ce ( ! ,h\se ( ,repres5tatives4 7#b7 ,disadvantag$ community ,! t]m disadvantag$ community means a community t-- 7,a7 is locat$ 9 an area ) a high conc5tration ( individuals :o-- 7i7 are memb]s ( l[- & mod]ate-income h\seholds 7z def9$ 9 section #egj4c ( title #bd1 ,code ( ,f$]al ,regulations 7or a successor regulation772 7ii7 exp]i5ce high levels ( unemploym5t2 7iii7 face a high r5t burd52 7iv7 face a high en]gy burd52 7v7 h l[ levels ( home own]%ip2 7vi7 h l[ levels ( educational atta9m5t2 or 7vii7 are memb]s ( gr\ps t h hi/orically exp]i5c$ discrim9ation on ! basis ( race or e?nicity2 7,b7 is burd5$ by high cumulative environm5tal pollution or o!r haz>ds t c lead to negative public heal? effects2 or 7,c7 is det]m9$ to be a disadvantag$ community1 an environm5tal ju/ice community1 a climate-burd5$ community1 or an o!rwise simil>ly vuln]able community pursuant to any ,f$]al or ,/ate-level initiative1 includ+ any relevant mapp+ initiative4 7#c7 ,high en]gy burd5 ,! t]m high en]gy burd5 means1 ) respect to a h\sehold1 exp5diture ( ! h\sehold on resid5tial en]gy co/s t equals #f p]c5t or m ( ! h\sehold income4 7#d7 ,peak] plant ,! t]m peak] plant means a fossil fuel-fir$ p[] plant or unit ( a p[] plant t is run prim>ily to meet peak electricity dem&1 z det]m9$ by ! ,secret>y1 9 coord9ation ) ! ,adm9i/rator ( ! ,environm5tal ,protection ,ag5cy & ! applicable local electrical grid op]ator4 7#e7 ,secret>y ,! t]m ,secret>y means ! ,secret>y ( ,en]gy4 #c4 ,annual report on peak] plants 9 ! ,unit$ ,/ates 7a7 ,9 g5]al ,n lat] ?an #ahj days aft] ! date ( enactm5t ( ?is ,act1 & annually !reaft]1 ! ,secret>y1 9 coord9ation ) ! ,adm9i/rator ( ! ,environm5tal ,protection ,ag5cy1 ! ,:ite ,h\se ,environm5tal ,ju/ice ,advisory ,c\ncil1 ! ,:ite ,h\se ,environm5tal ,ju/ice ,int]ag5cy ,c\ncil1 ! ,c\ncil on ,environm5tal ,quality1 & any o!r relevant ,f$]al entity t ! ,secret>y det]m9es to be appropriate1 %all submit to ! appropriate committees ( ,congress a report t-- 7#a7 id5tifies ea* peak] plant 9 ! ,unit$ ,/ates2 & 7#b7 = ea* peak] plant id5tifi$ "u p>agraph 7#a7-- 7,a7 describes ! location ( ! peak] plant & relat$ socioeconomic & demographic data = t location1 includ+ :e!r ! peak] plant is locat$ 9 or adjac5t to a disadvantag$ community2 7,b7 evaluates ! quantity ( c>bon dioxide1 nitric oxides1 sulfur oxides1 f9e p>ticulate matt] 7,,pm#b4e71 & me?ane emitt$ p] unit ( electricity g5]at$ by ! peak] plant2 7,c7 id5tifies-- 7i7 ! total numb] ( h\rs t ! peak] plant g5]ates electricity dur+ ! ye> cov]$ by ! report2 7ii7 ! capacity factor ( ! plant2 7iii7 ! av]age numb] ( h\rs t ! peak] plant g5]ates electricity ea* "t t ! peak] plant g5]ates electricity2 & 7iv7 ! p]c5tage ( ! total numb] ( in/ances 9 :i* ! peak] plant is />t$ t result 9 ! peak] plant g5]at+ electricity =-- 7,i7 n less ?an #d h\rs2 7,,ii7 n less ?an #h h\rs2 & 7,,iii7 n less ?an #ab h\rs2 & 7,d7 id5tifies1 = ea* day on :i* ! #c air monitors close/ to ! peak] plant indicate t ,f$]al ozone or p>ticulate matt] /&>ds h be5 exce$$1 ! p]c5tage ( peak dem& met by ! peak] plant = ! electrical grid load zone s]v$ by ! peak] plant4 7b7 ,community engagem5t ,9 prep>+ a report "u subsection 7a71 ! ,secret>y %all initiate & c>ry out public engagem5t ) resid5ts & /akehold]s f disadvantag$ communities conta9+ a peak] plant4 #d4 ,cr$it = g5]ation & /orage ( en]gy f r5ewable s\rces 7a7 ,9 g5]al ,subp>t ,e ( "p ,,iv ( sub*apt] ,a ( *apt] #a ( ! ,int]nal ,rev5ue ,code ( #aihf is am5d$ by ins]t+ aft] section #dh;,c ! foll[+ new section3 #dh;,d4 ,r5ewable en]gy g5]ation & /orage cr$it 7a7 ,9 g5]al ,= purposes ( section #df1 ! r5ewable en]gy g5]ation & /orage cr$it = any taxable ye> is an am\nt equal to #aj p]c5t ( ! qualifi$ inve/m5t = su* taxable ye> ) respect to any qualifi$ r5ewable en]gy facility4 7b7 ,qualifi$ inve/m5t ) respect to qualifi$ r5ewable en]gy facilities 7#a7 ,9 g5]al ,= purposes ( subsection 7a71 ! qualifi$ inve/m5t ) respect to a qualifi$ r5ewable en]gy facility = any taxable ye> is ! basis ( any qualifi$ prop]ty plac$ 9 s]vice by ! taxpay] dur+ su* taxable ye> :i* is "p ( a qualifi$ r5ewable en]gy facility4 7#b7 ,qualifi$ prop]ty ,= purposes ( ?is subsection1 ! t]m qualifi$ prop]ty means prop]ty-- 7,a7 :i* is-- 7i7 tangible p]sonal prop]ty1 or 7ii7 o!r tangible prop]ty 7n includ+ a build+ or its /ructural compon5ts71 b only if su* prop]ty is us$ z an integral "p ( ! qualifi$ r5ewable en]gy facility1 7,b7 ) respect to :i* depreciation 7or amortization 9 lieu ( depreciation7 is all[able1 7,c7 :i* is con/ruct$1 recon/ruct$1 erect$1 in/all$1 or acquir$ by ! taxpay]1 & 7,d7 ! orig9al use ( :i* comm5ces ) ! taxpay]4 7#c7 ,qualifi$ r5ewable en]gy facility 7,a7 ,9 g5]al ,subject to subp>agraph 7,b71 ! t]m qualifi$ r5ewable en]gy facility means a facility :i*-- 7i7 uses sol>1 w9d1 l[-impact hydroelectric 7z c]tifi$ by ! ,l[ ,impact ,hydrop[] ,in/itute71 geo!rmal1 tidal1 or wave en]gy to g5]ate electricity :i* w be receiv$ & /or$ by prop]ty describ$ 9 clause 7ii71 7ii7 conta9s prop]ty :i* receives1 /ores1 & deliv]s electricity describ$ 9 clause 7i71 provid$ t su* electricity is-- 7,i7 7aa7 sold by ! taxpay] to an unrelat$ p]son1 or 7bb7 9 ! case ( a facility :i* is equipp$ ) a met]+ device :i* is own$ & op]at$ by an unrelat$ p]son1 sold or consum$ by ! taxpay]1 & 7,,ii7 at a m9imum1 dis*>g$ at su* times z a peak] plant )9 ! same electrical grid load zone w\ld op]ate to meet peak electricity dem& 7z det]m9$ by ! grid op]ator = su* electrical grid71 & 7iii7 :i* is plac$ 9 s]vice-- 7,i7 9 a disadvantag$ community :i* is locat$ )9-- 7aa7 ! same c5sus tract z a peak] plant1 or 7bb7 a c5sus tract t is adjac5t to a c5sus tract 9 :i* a peak] plant is locat$1 & 7,,ii7 aft] ,decemb] #ca1 #bjba4 7,b7 ,special rule ,= purposes ( ?is p>agraph1 a facility %all n be deem$ to be a qualifi$ r5ewable en]gy facility unless ! taxpay] demon/rates1 to ! satisfaction ( ! ,secret>y1 t-- 7i7 ! prop]ty describ$ 9 clause 7i7 ( subp>agraph 7,a7 is co-locat$ ) prop]ty describ$ 9 clause 7ii7 ( su* subp>agraph1 7ii7 su* taxpay] has1 ) respect to ! prop]ty describ$ 9 clause 7ii7 ( su* subp>agraph1 ent]$ into a contract :i* ensures t su* prop]ty op]ates prim>ily to receive1 /ore1 & deliv] electricity f any prop]ty describ$ 9 clause 7i7 ( su* subp>agraph1 or 7iii7 ! prop]ty describ$ 9 clause 7ii7 ( su* subp>agraph receives electricity dur+ p]iods ( typically high production ( electricity1 z a p]c5tage ( ! grid g5]ation mix1 f s\rces describ$ 9 clause 7i7 ( su* subp>agraph1 z det]m9$ by ! grid op]ator = ! electrical grid4 7c7 ,c]ta9 progress exp5diture rules made applicable ,rules simil> to ! rules ( subsections 7c77#d7 & 7d7 ( section #df 7z 9 effect on ! day be=e ! date ( ! enactm5t ( ! ,rev5ue ,reconciliation ,act ( #aiij7 %all apply = purposes ( subsection 7a74 7d7 ,def9itions ,! t]ms disadvantag$ community & peak] plant h ! same mean+s giv5 su* t]m "u section #b ( ! ,,peak] ,act ( #bjba4 4 7b7 ,con=m+ am5dm5ts 7#a7 ,section #df ( ! ,int]nal ,rev5ue ,code ( #aihf is am5d$-- 7,a7 by /rik+ 8&0 at ! end ( p>agraph 7#e71 7,b7 by /rik+ ! p]iod at ! end ( p>agraph 7#f7 & ins]t+ 81 &01 & 7,c7 by add+ at ! end ! foll[+ new p>agraph3 7#g7 ! r5ewable en]gy g5]ation & /orage cr$it4 4 7#b7 ,section #di7;a77#a77;,c7 ( su* ,code is am5d$-- 7,a7 by /rik+ 8&0 at ! end ( clause 7iv71 7,b7 by /rik+ ! p]iod at ! end ( clause 7v7 & ins]t+ 1 &1 & 7,c7 by add+ at ! end ! foll[+ new clause3 7vi7 ! basis ( any qualifi$ prop]ty :i* is "p ( a qualifi$ r5ewable en]gy facility "u section #dh;,d4 4 7#c7 ,section #ej7;a77#b77;,e7 ( su* ,code is am5d$ by /rik+ or #dh;,c7b77#b7 & ins]t+ #dh;,c7b77#b71 or #dh;,d7c74 7#d7 ,! table ( sections = subp>t ,e ( "p ,,iv ( sub*apt] ,a ( *apt] #a ( su* ,code is am5d$ by ins]t+ aft] ! item relat+ to section #dh;,c ! foll[+ new item3 #dh;,d4 ,r5ewable en]gy g5]ation & /orage cr$it4 4 7c7 ,effective date ,! am5dm5ts made by ?is subsection %all apply to prop]ty plac$ 9 s]vice aft] ,decemb] #ca1 #bjbj1 "u rules simil> to ! rules ( section #dh7m7 ( ! ,int]nal ,rev5ue ,code ( #aihf 7z 9 effect on ! day be=e ! date ( ! enactm5t ( ! ,rev5ue ,reconciliation ,act ( #aiij74 #e4 ,r5ewable en]gy grant program 7a7 ,def9itions ,9 ?is section3 7#a7 ,eligible entity ,! t]m eligible entity means ea* ( ! foll[+3 7,a7 ,a unit ( ,/ate or local gov]nm5t4 7,b7 ,a tax-exempt nonpr(it organization4 7,c7 ,a community-own$ en]gy g5]ation facility or en]gy /orage facility locat$ 9 a disadvantag$ community4 7,d7 ,a community-bas$ en]gy coop]ative or a simil> gr\p ( individuals )9 a community :o are pursu+ an eligible project describ$ 9 subsection 7d74 7,e7 ,a p>tn]%ip betwe5-- 7i7 #a or m ( ! entities describ$ 9 subp>agraphs 7,a7 ?r\gh 7,d72 & 7ii7 7,i7 an electric utility2 or 7,,ii7 a private entity4 7#b7 ,en]gy /orage facility ,! t]m en]gy /orage facility means a facility t receives1 /ores1 & deliv]s electricity4 7#c7 ,program ,! t]m program means ! grant program e/abli%$ "u subsection 7b74 7#d7 ,qualify+ community en]gy proposal ,! t]m qualify+ community en]gy proposal means a proposal to deploy & implem5t r5ewable en]gy g5]ation1 en]gy /orage te*nology1 en]gy effici5cy upgrades1 en]gy dem& managem5t /rategies1 or di/ribut$ r5ewable en]gy res\rces t a qualify+ community en]gy /udy det]m9es c r$uce ! runtime ( an exi/+ or plann$ peak] plant or o!rwise r$uce or replace ! ne$ = an exi/+ or plann$ peak] plant4 7#e7 ,qualify+ community en]gy /udy ,! t]m qualify+ community en]gy /udy means a /udy or assessm5t t-- 7,a7 seeks to id5tify clean en]gy /rategies to r$uce ! runtime ( an exi/+ or plann$ peak] plant or o!rwise r$uce or replace ! ne$ = an exi/+ or plann$ peak] plant1 includ+ /rategies t involve-- 7i7 r5ewable en]gy g5]ation2 7ii7 en]gy /orage te*nology2 7iii7 en]gy effici5cy upgrades2 7iv7 en]gy dem& managem5t /rategies2 or 7v7 di/ribut$ r5ewable en]gy deploym5t2 & 7,b7 is l$ by or p]=m$ 9 p>tn]%ip ) ! communities directly impact$ by pollution f a peak] plant t is locat$ )9 ! same or an adjac5t c5sus tract4 7#f7 ,qualify+ en]gy /orage facility ,! t]m qualify+ en]gy /orage facility means an en]gy /orage facility t-- 7,a7 is colocat$ ) a qualify+ r5ewable en]gy facility & op]ates prim>ily to receive1 /ore1 & deliv] r5ewable en]gy g5]at$ by t qualify+ r5ewable en]gy facility2 7,b7 has ent]$ into a contract ) #a or m qualify+ r5ewable en]gy facilities su* t ! en]gy /orage sy/em op]ates prim>ily to receive1 /ore1 & deliv] r5ewable en]gy g5]at$ by ^? qualify+ r5ewable en]gy facilities2 or 7,c7 receives electricity dur+ p]iods ( typically high production ( r5ewable en]gy 7z a p]c5tage ( ! grid g5]ation mix71 z det]m9$ by ! op]ator ( ! applicable electrical grid4 7#g7 ,qualify+ r5ewable en]gy facility ,! t]m qualify+ r5ewable en]gy facility means a facility t-- 7,a7 g5]ates r5ewable en]gy2 & 7,b7 7i7 is colocat$ ) a qualify+ en]gy /orage facility2 or 7ii7 has ent]$ into a contract describ$ 9 p>agraph 7#f77;,b7 ) #a or m qualify+ en]gy /orage facilities4 7#h7 ,r5ewable en]gy ,! t]m r5ewable en]gy means electricity t is g5]at$ by or d]iv$ f1 z applicable-- 7,a7 a l[-impact hydroelectric facility c]tifi$ by ! ,l[ ,impact ,hydrop[] ,in/itute2 7,b7 sol> en]gy2 7,c7 w9d en]gy2 7,d7 geo!rmal en]gy2 7,e7 tidal en]gy2 or 7,f7 wave en]gy4 7b7 ,e/abli%m5t ,n lat] ?an #a ye> aft] ! date ( enactm5t ( ?is ,act1 ! ,secret>y %all e/abli% a grant program to assi/ eligible entities 9-- 7#a7 c>ry+ out projects = ! con/ruction1 recon/ruction1 erection1 in/allation1 or acquisition ( qualify+ r5ewable en]gy facilities & qualify+ en]gy /orage facilities2 7#b7 c>ry+ out projects = ! implem5tation ( qualify+ community en]gy proposals2 & 7#c7 develop+ & c>ry+ out qualify+ community en]gy /udies4 7c7 ,applications ,to be eligible to receive a grant "u ! program1 an eligible entity %all submit to ! ,secret>y an application at su* "t1 9 su* mann]1 & conta9+ su* in=mation z ! ,secret>y may require4 7d7 ,eligible projects & qualify+ community en]gy /udies ,! ,secret>y may provide a grant "u ! program =-- 7#a7 a project describ$ 9 subsection 7b77#a7 only if ea* qualify+ r5ewable en]gy facility & qualify+ en]gy /orage facility to be con/ruct$1 recon/ruct$1 erect$1 in/all$1 or acquir$ pursuant to ! project w-- 7,a7 be locat$ 91 or provide a direct & significant b5efit to1 a disadvantag$ community t is locat$ )9-- 7i7 ! same c5sus tract z an exi/+ or plann$ peak] plant2 or 7ii7 a c5sus tract t is adjac5t to a c5sus tract 9 :i* an exi/+ or plann$ peak] plant is or w be locat$2 & 7,b7 at a m9imum1 dis*>ge electricity at su* times z a peak] plant )9 ! same electrical grid load zone w\ld op]ate to meet peak electricity dem&1 z det]m9$ by ! op]ator ( ! applicable electrical grid2 7#b7 a project describ$ 9 subsection 7b77#b7 only if ! qualify+ community en]gy proposal to be implem5t$ pursuant to ! project w be implem5t$ 91 or provide a direct & significant b5efit to1 a disadvantag$ community t is locat$ )9 a c5sus tract describ$ 9 clause 7i7 or 7ii7 ( p>agraph 7#a77;,a72 & 7#c7 ! developm5t & c>ry+ out ( a qualify+ community en]gy /udy only if ! qualify+ community en]gy /udy w provide = engagem5t )1 & incorporate fe$back f1 ea* disadvantag$ community t is locat$ )9 a c5sus tract describ$ 9 clause 7i7 or 7ii7 ( p>agraph 7#a77;,a74 7e7 ,te*nical assi/ance grants ,! ,secret>y may use am\nts appropriat$ "u subsection 7i7 to provide grants to eligible entities = ! co/ ( acquir+ te*nical assi/ance = ! prep>ation & submission ( an application "u subsection 7c74 7f7 ,priority = c]ta9 eligible entities ,9 evaluat+ applications submitt$ by eligible entities describ$ 9 subsection 7a77#a77;,b71 ! ,secret>y %all give priority to applications submitt$ by local1 community-bas$ organizations or en]gy coop]atives4 7g7 ,co/ %>+ 7#a7 ,9 g5]al ,except z provid$ 9 p>agraph 7#b71 ) respect to ea* project describ$ 9 p>agraph 7#a7 or 7#b7 ( subsection 7b7 = :i* a grant is provid$ "u ! program1 ! maximum am\nt provid$ = ! project "u ! program %all n exce$ #fj p]c5t ( ! total co/ incurr$ by ! applicable eligible entity =1 z applicable-- 7,a7 ! con/ruction1 recon/ruction1 erection1 in/allation1 or acquisition ( ! applicable qualify+ r5ewable en]gy facility or qualify+ en]gy /orage facility2 or 7,b7 ! implem5tation ( ! applicable qualify+ community en]gy proposal4 7#b7 ,local1 community-bas$ organizations & en]gy coop]atives ,) respect to a project describ$ 9 p>agraph 7#a7 t is c>ri$ out by1 or = :i* an application is submitt$ by1 a local1 community-bas$ organization or an en]gy coop]ative1 ! maximum am\nt provid$ = ! project "u ! program %all n exce$ #hj p]c5t ( ! total co/ incurr$ by ! local1 community-bas$ organization or en]gy coop]ative = ! activities describ$ 9 subp>agraph 7,a7 or 7,b7 ( t p>agraph1 z applicable4 7h7 ,community engagem5t ,9 c>ry+ out ?is section1 ! ,secret>y %all initiate & c>ry out public engagem5t1 p>ticul>ly ) resid5ts & /akehold]s f disadvantag$ communities & communities 9 or adjac5t to areas ) exi/+ peak] plants id5tifi$ 9 a report "u section #c7;a71 to ensure t-- 7#a7 7,a7 ! public has input into ! =mulation ( ! program2 & 7,b7 bas$ on t input1 ! program be/ addresses ! ne$s & circum/ances ( disadvantag$ communities2 & 7#b7 ! public has in=mation relat+ to ! program1 includ+-- 7,a7 ! b5efits (1 & opportunities =1 eligible projects "u ! program2 & 7,b7 ! ways 9 :i* disadvantag$ communities c be/ use ! program to address ! clean en]gy goals ( ^? disadvantag$ communities4 7i7 ,au?orization ( appropriations ,!re is au?oriz$ to be appropriat$ to ! ,secret>y to c>ry out ! program n m ?an #a1jjj1jjj1jjj = ea* ( fiscal ye>s #bjbb ?r\gh #bjcb4