,i #aai? ,,congress #a/ ,session ,h4 ,r4 #chdc ,,9 ,,! ,,h\se ,,( ,,repres5tatives ,june #i1 #bjbe,ms4 ,f$or*ak 7= h]self1 ,mr4 ,web] ( ,texas1 ,mr4 ,goldman ( ,texas1 ,mr4 ,pflug]1 ,mr4 ,rulli1 ,mrs4 ,mill] ( ,we/ ,virg9ia1 & ,mr4 ,bald]son7 introduc$ ! foll[+ bill2 :i* 0 ref]r$ to ! ,committee on ,en]gy & ,comm]ce ,a ,,bill ,to am5d ! ,f$]al ,p[] ,act to prohibit retirem5ts ( baseload electric g5]at+ units 9 any area t is s]v$ by a ,regional ,transmission ,organization or an ,indep5d5t ,sy/em ,op]ator & t ! ,nor? ,am]ican ,electric ,reliability ,corporation categorizes z at elevat$ risk or high risk ( electricity supply %ortfalls1 & = o!r purposes4 #a4 ,%ort title ,?is ,act may be cit$ z ! ,baseload ,reliability ,protection ,act4 #b4 ,prohibition on retirem5ts & conv]sion ( fuel s\rce = electric g5]at+ units 9 areas at high risk or elevat$ risk ( electricity supply %ortfalls 7a7 ,9 g5]al ,"p ,,ii ( ! ,f$]al ,p[] ,act 7#af ,u4,s4,c4 #hbd et seq47 is am5d$ by add+ aft] section #bae;,a ! foll[+3 #bae;,b4 ,prohibition on retirem5ts & conv]sion ( fuel s\rce = electric g5]at+ units 9 areas at high risk or elevat$ risk ( electricity supply %ortfalls 7a7 ,prohibition ,no op]ator or p>tial or sole own] ( a cov]$ electric g5]at+ unit t is locat$ 9 a cov]$ area may-- 7#a7 retire su* cov]$ electric g5]at+ unit2 or 7#b7 conv]t ! fuel s\rce = su* cov]$ electric g5]at+ unit4 7b7 ,exemptions 7#a7 ,op]ator or own] petition ,n lat] ?an #ij days aft] ! publication ( ! mo/ rec5t long-t]m reliability assessm5t categoriz+ ! relevant cov]$ area z at high risk or elevat$ risk ( electricity supply %ortfalls1 an op]ator or own] ( a cov]$ electric g5]at+ unit locat$ 9 su* cov]$ area may submit to ! ,commission a petition = an exemption f a prohibition "u subsection 7a7 ) respect to su* cov]$ electric g5]at+ unit4 7#b7 ,f9al det]m9ation 7,a7 ,deadl9e 7i7 ,9 g5]al ,except z o!rwise provid$ 9 ?is p>agraph1 n lat] ?an #ij days aft] a petition = an exemption is submitt$ to ! ,commission "u p>agraph 7#a71 ! ,commission %all issue a f9al det]m9ation grant+ su* exemption or d5y+ ! petition = su* exemption4 7ii7 ,petitions bas$ on unpr(itability or f9ancial losses ,subject to subp>agraph 7,c71 ) respect to a petition = an exemption "u ?is subsection = a cov]$ electric g5]at+ unit t is bas$ on unpr(itability or su/a9$ f9ancial losses1 if ! ,commission det]m9es t retirem5t (1 or conv]t+ ! fuel s\rce =1 su* cov]$ electric g5]at+ unit w\ld h9d] ! reliable op]ation ( ! bulk-p[] sy/em1 ! ,commission %all1 n lat] ?an #ahj days aft] su* petition is submitt$ to ! ,commission "u p>agraph 7#a71 issue a f9al det]m9ation grant+ su* exemption or d5y+ ! petition = su* exemption4 7,b7 ,crit]ia ,subject to subp>agraph 7,c71 ! ,commission %all issue a f9al det]m9ation grant+ an exemption "u ?is subsection if ! ,commission det]m9es-- 7i7 t ! applicable op]ator or own] ( a cov]$ electric g5]at+ unit has demon/rat$ 9 a petition submitt$ "u p>agraph 7#a7 ( ?is subsection t compliance ) ! relevant prohibition "u subsection 7a7 w result 9-- 7,i7 unpr(itability ( su* cov]$ electric g5]at+ unit2 7,,ii7 su/a9$ f9ancial losses = su* op]ator or own]2 or 7,,iii7 elevat$ risk to ! safety ( work]s or public safety2 or 7ii7 9 consultation ) ! relevant ,regional ,transmission ,organization or ,indep5d5t ,sy/em ,op]ator-- 7,i7 t ! applicable op]ator or own] ( a cov]$ electric g5]at+ unit has demon/rat$ 9 a petition submitt$ "u p>agraph 7#a7 ( ?is subsection = an exemption f ! prohibition "u subsection 7a77#a7 t retirem5t ( ! cov]$ electric g5]at+ unit w n h9d] ! reliable op]ation ( ! bulk-p[] sy/em2 7,,ii7 t ! applicable op]ator or own] ( a cov]$ electric g5]at+ unit has demon/rat$ 9 a petition submitt$ "u p>agraph 7#a7 ( ?is subsection = an exemption f ! prohibition "u subsection 7a77#a71 & subject to p>agraph 7#c71 t su* op]ator or own] w replace su* cov]$ electric g5]at+ unit ?r\gh ! con/ruction or acquisition ( "o or m cov]$ electric g5]at+ units ) comp>able or great] reliability attributes1 consid]+1 at a m9imum1 ! dispat*ability & availability dur+ peak sy/em dem& ( ! cov]$ electric g5]at+ unit t w be retir$2 or 7,,iii7 t ! applicable op]ator or own] ( a cov]$ electric g5]at+ unit has demon/rat$ 9 a petition submitt$ "u p>agraph 7#a7 ( ?is subsection = an exemption f ! prohibition "u subsection 7a77#b7 t conv]t+ ! fuel s\rce = su* cov]$ electric g5]at+ unit w n dim9i% ! cov]$ electric g5]at+ unit's dispat*ability or availability dur+ peak sy/em dem&1 or o!rwise h9d] ! reliable op]ation ( ! bulk-p[] sy/em4 7,c7 ,,doe grant or loan = cont9u$ op]ation 7i7 ,ref]ral ,) respect to a petition = an exemption "u ?is subsection f ! prohibition "u subsection 7a77#a7 = a cov]$ electric g5]at+ unit t is bas$ on unpr(itability or su/a9$ f9ancial losses1 if ! ,commission det]m9es t retirem5t ( su* cov]$ electric g5]at+ unit w\ld h9d] ! reliable op]ation ( ! bulk-p[] sy/em1 ! ,commission %all ref] ! petition to ! ,secret>y ( ,en]gy4 7ii7 ,loan or grant ,) respect to any petition ref]r$ to ! ,secret>y ( ,en]gy "u clause 7i71 ! ,secret>y %all use funds made available to c>ry out ?is clause to make a grant or loan to ! applicable op]ator or own] ( ! cov]$ electric g5]at+ unit 9 accordance ) p>agraph 7#d74 7iii7 ,treatm5t ( petition ,if an op]ator or own] ( a cov]$ electric g5]at+ unit receives1 n lat] ?an #ahj days aft] ! relevant petition = an exemption is submitt$ to ! ,commission "u p>agraph 7#a71 a grant or loan pursuant to clause 7ii7 ( ?is subp>agraph1 su* petition %all be deem$ d5i$ = purposes ( ?is subsection4 7#c7 ,replacem5t ,an op]ator or own] ( a cov]$ electric g5]at+ unit = :i* an exemption is grant$ "u ?is subsection bas$ on a demon/ration t su* op]ator or own] w replace ! cov]$ electric g5]at+ unit ?r\gh ! con/ruction or acquisition ( "o or m o!r cov]$ electric g5]at+ units ) comp>able or great] reliability attributes may n retire su* cov]$ electric g5]at+ unit until su* cov]$ electric g5]at+ unit has be5 s replac$ & su* "o or m o!r cov]$ electric g5]at+ units h be5 plac$ 9 s]vice4 7#d7 ,,doe grant or loan t]ms & fund+ 7,a7 ,funds ,! ,secret>y ( ,en]gy may use unobligat$ am\nts made available to ! ,secret>y "u ! ,infra/ructure ,inve/m5t & ,jobs ,act 7,public ,law #aag-eh7 or ,public ,law #aag-afi to make grants & loans "u p>agraph 7#b77;,c77ii7 & subp>agraph 7,d7 ( ?is p>agraph4 7,b7 ,grants ,! ,secret>y ( ,en]gy1 9 consultation ) o!r ag5cies z ! ,secret>y det]m9es appropriate1 may1 if ! ,secret>y det]m9es x to be necess>y & appropriate1 make a grant to an op]ator or own] ( a cov]$ electric g5]at+ unit "u p>agraph 7#b77;,c77ii7 ( ?is subsection 9 ord] to provide = ! prud5t co/s = ! op]ation ( su* cov]$ electric g5]at+ unit dur+ any "t ! prohibition "u subsection 7a77#a7 is 9 effect ) respect to su* cov]$ electric g5]at+ unit4 7,c7 ,loans 7i7 ,use ( loan funds ,a loan made "u p>agraph 7#b77;,c77ii7-- 7,i7 %all be made = purposes (-- 7aa7 keep+ ! relevant cov]$ electric g5]at+ unit op]at+2 & 7bb7 provid+ = ! m9imum co/s = ! op]ation ( su* cov]$ electric g5]at+ unit dur+ any "t ! prohibition "u subsection 7a77#a7 is 9 effect ) respect to su* cov]$ electric g5]at+ unit2 & 7,,ii7 may be made = ! additional purposes (-- 7aa7 provid+ = ! co/s ( upgrad+ ! capacity ( ! relevant cov]$ electric g5]at+ unit2 7bb7 if ! relevant cov]$ electric g5]at+ unit is a nucle> p[] plant1 uprat+ su* cov]$ electric g5]at+ unit2 or 7cc7 mod]niz+ ! relevant cov]$ electric g5]at+ unit = purposes ( ext5d+ its lifespan4 7ii7 ,t]ms & conditions ,any loan "u p>agraph 7#b77;,c77ii7 or subp>agraph 7,d7 ( ?is p>agraph %all be made on su* t]ms & conditions z ! ,secret>y ( ,en]gy det]m9es appropriate4 7iii7 ,rev5ue ,any paym5ts ( int]e/ on loans made "u p>agraph 7#b77;,c77ii7 or subp>agraph 7,d7 ( ?is p>agraph %all be deposit$ 9 ! g5]al fund ( ! ,treasury = ! sole purpose ( deficit r$uction4 7,d7 ,o!r loans & grants ,! ,secret>y ( ,en]gy may make a loan or grant to an op]ator or own] ( a cov]$ electric g5]at+ unit t is subject to an ord] "u section #bjb7;c7 9 ord] to provide = ! prud5t co/s = ! op]ation ( su* cov]$ electric g5]at+ unit dur+ any "t su* ord] 9 effect ) respect to su* cov]$ electric g5]at+ unit4 7#e7 ,o!r consid]ations ,9 mak+ a f9al det]m9ation "u p>agraph 7#b7-- 7,a7 ! ,commission may n consid] ! gre5h\se gas emissions ( a cov]$ electric g5]at+ unit1 includ+ any impacts ( su* emissions on atmosph]ic temp]atures or wea!r sy/ems2 & 7,b7 ) respect to a petition = an exemption "u ?is subsection = a cov]$ electric g5]at+ unit t is bas$ on unpr(itability or su/a9$ f9ancial losses1 ! ,commission %all take into consid]ation any co/s alleviat$ by ! protection f p5alties "u subsection 7c74 7#f7 ,judicial review ,not)/&+ section #cac1 an op]ator or own] ( an electric g5]at+ unit :o is adv]sely affect$ or aggriev$ by a f9al det]m9ation issu$ by ! ,commission "u p>agraph 7#b7 may1 n lat] ?an #fj days aft] ! f9al det]m9ation is issu$1 file a petition = review ( ! f9al det]m9ation 9 ! ,unit$ ,/ates ,c\rt ( ,appeals = ! ,di/rict ( ,columbia ,circuit or 9 ! c\rt ( appeals = ! ,unit$ ,/ates = ! circuit 9 :i* ! p>ty resides or has its pr9cipal place ( bus9ess4 ,^u ! fil+ ( su* petition su* c\rt %all h jurisdiction to affirm1 set aside1 or ov]turn su* f9al det]m9ation4 7c7 ,protection f p5alties ,an action or omission tak5 by an op]ator or own] ( a cov]$ electric g5]at+ unit to comply ) a prohibition "u subsection 7a7 %all be treat$ z an action or omission tak5 to comply ) an ord] issu$ "u section #bjb7;c7 = purposes ( su* section4 ,no op]ator or own] or a cov]$ electric g5]at+ unit %all be requir$ to und]take an exp5diture 9 fur!rance ( a ,f$]al1 ,/ate1 or local environm5tal law or regulation1 p]=mance = :i* is excus$ due to ! exi/5ce ( a prohibition "u subsection 7a74 7d7 ,/&>diz$ crit]ia = categorization ( risk ,n lat] ?an #fj days aft] ! date ( enactm5t ( ?is section1 ! ,electric ,reliability ,organization %all det]m9e & publi% a /&>diz$ probabili/ic assessm5t me?odology & /&>diz$ crit]ia = categoriz+ areas z be+ at high risk1 elevat$ risk1 or normal risk ( electricity supply %ortfalls to be us$ 9 ea* long-t]m reliability assessm5t4 ,su* /&>diz$ me?odology & crit]ia %all be at lea/ z rigor\s z ! me?odology & crit]ia us$ 9 ! #bjbd long-t]m reliability assessm5t4 7e7 ,def9itions ,9 ?is section3 7#a7 ,bulk-p[] sy/em ,! t]m bulk-p[] sy/em has ! mean+ giv5 su* t]m 9 section #bae7;a74 7#b7 ,cov]$ area ,! t]m cov]$ area means an area t-- 7,a7 is s]v$ by a ,regional ,transmission ,organization or an ,indep5d5t ,sy/em ,op]ator2 & 7,b7 ! ,electric ,reliability ,organization categorizes1 9 ! mo/ rec5t long-t]m reliability assessm5t1 z at elevat$ risk or high risk ( electricity supply %ortfalls4 7#c7 ,cov]$ electric g5]at+ unit ,! t]m cov]$ electric g5]at+ unit means a dispat*able electric g5]at+ unit t-- 7,a7 has great] ?an or equal to #be megawatts ( nameplate capacity2 7,b7 is int]connect$ to ! bulk-p[] sy/em2 & 7,c7 does n d]ive its prim>y en]gy input f int]mitt5t r5ewable s\rces1 ) or )\t en]gy /orage4 7#d7 ,electric ,reliability ,organization ,! t]m ,electric ,reliability ,organization has ! mean+ giv5 su* t]m 9 section #bae7;a74 7#e7 ,long-t]m reliability assessm5t ,! t]m long-t]m reliability assessm5t means an annual assessm5t1 conduct$ by ! ,electric ,reliability ,organization pursuant to section #bae7;g71 ( ! reliability & adequacy ( ! bulk-p[] sy/em 9 ,nor? ,am]ica ov] a #aj-ye> p]iod4 7#f7 ,reliable op]ation ,! t]m reliable op]ation has ! mean+ giv5 su* t]m 9 section #bae7;a74 4 7b7 ,en=cem5t ,n lat] ?an #a ye> aft] ! date ( enactm5t ( ?is ,act1 ! ,f$]al ,en]gy ,regulatory ,commission %all submit to ,congress a report on :e!r exi/+ ov]sight & en=cem5t me*anisms = section #bae;,b ( ! ,f$]al ,p[] ,act1 z add$ by subsection 7a7 ( ?is section1 are suffici5t1 includ+ any recomm5dations to improve su* me*anisms4