State Electricity Reserve Fund Act of 2001

Fact Sheet API

Bill Number

S 221

Introduced

Jan 30, 2001

Latest Action

Read twice and referred to the Committee on Energy and Natural Resources. (text of measure as introduced: CR S785)

Sponsor

Cosponsors

Topics

Economics and Public Finance Electric power production Electric power transmission Electric utilities Energy Energy shortages Energy supplies Government lending Government Operations and Politics Government ownership Government trust funds Revolving funds State finance

Full Text

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Votes

Summary

State Electricity Reserve Fund Act of 2001 - Establishes in the Treasury the State Electricity Reserve Loan Fund. Authorizes the Secretary of Energy to make loans to a State from such Fund, without further appropriation, for electricity generating facilities capable of meeting intermittent deficiencies in electricity supply that the State may expect during any period over the next ten years.

Mandates that such facilities: (1) be State-owned and operated; and (2) be operated to supply electricity to the electricity transmission grid only during periods of electricity emergencies declared by the Governor of the State.

Makes appropriations to the Fund for FY2002 through 2006.

Actions

Jan 30, 2001

Read twice and referred to the Committee on Energy and Natural Resources. (text of measure as introduced: CR S785)
Jan 30, 2001

Sponsor introductory remarks on measure. (CR S784-785)
Jan 30, 2001

Introduced in Senate

Amendments

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