S 60 · 107th Congress 2001–2003, ended

National Electricity and Environmental Technology Act

Introduced Jan 22, 2001 Originated Senate Sponsor Robert C. Byrd D-WV

Fact sheet

Latest action · Jan 22, 2001 Read twice and referred to the Committee on Finance.

Progress

Where this bill reached, and when. A stage with no date was not reached; one that failed a vote and later carried shows the date it carried.

  1. IntroducedJan 22, 2001
  2. Passed SenateNot reached
  3. Passed HouseNot reached
  4. To the PresidentNot reached
  5. Became lawNot reached

Summary

National Electricity and Environmental Technology Act - Directs the Secretary of Energy to: (1) identify technology costs and associated performance goals that would permit continued cost-competitive use of coal for electricity generation, chemical feedstocks, and transportation fuel; (2) implement research and development programs that include demonstration and commercial application of coal-based technologies; and (3) implement a power plant improvement initiative program demonstrating commercial applications of advanced coal-based technologies applicable to new or existing power plants including co-production plants, which must advance the effectiveness, environmental performance, and cost competitiveness well beyond that which is in operation or has been demonstrated on the date of enactment of this Act.

Amends the Internal Revenue Code to allow tax credits for investment in: (1) a qualifying clean coal technology unit in an existing coal-based electricity generation facility; and (2) early commercial applications of qualifying advanced clean coal technologies. Sets forth formulae for determining tax credits for unit production of both kinds of technologies.

Exempts the installation of a qualifying system of continuous emission control from new source review requirements under the Clean Air Act. Grants a ten-year exemption from any new or increased emission control requirements for the specific pollutant controlled by such a system to any existing coal-based electricity generating unit on which it has been installed, if the system meets or exceeds the specified standard of performance for new stationary sources.

Directs the Secretary of the Treasury to establish a financial risk pool for a limited time to offset the modification costs resulting from the failure of qualifying advanced clean coal technology to achieve its design performance.

Cites conditions under which credits for emission reductions and efficiency improvements in existing coal-based generating facilities of electric cooperatives or publicly owned electric utilities may be treated as offset credits.

Entitles the Tennessee Valley Authority to aggregate certain clean coal technology credits and apply them as a credit against obligations for annual returns on the appropriations investment and annual repayment sums.

Cosponsors 29

Members who signed on, in the order they did. Signatures ran from Jan 25, 2001 to Aug 3, 2001.

SeatCosponsorSigned on
D-NDByron L. DorganJan 25, 2001
D-NVHarry ReidJan 25, 2001
D-NMJeff BingamanJan 25, 2001
R-KYMitch McConnellJan 25, 2001
D-ILRichard J. DurbinJan 25, 2001
R-MTConrad R. BurnsFeb 6, 2001
R-OHGeorge V. VoinovichFeb 6, 2001
R-WYMichael B. EnziFeb 6, 2001
R-OHMike DeWineFeb 6, 2001
D-INEvan BayhFeb 13, 2001
D-WVJohn D. Rockefeller IVFeb 13, 2001
R-PARick SantorumFeb 13, 2001
D-COBen Nighthorse CampbellFeb 15, 2001
R-WYCraig ThomasFeb 15, 2001
D-NDKent ConradFeb 15, 2001
Show all 29 cosponsors

Actions 2

Everything that happened, newest first.

  1. Jan 22, 2001Introduced in Senate
  2. Jan 22, 2001Read twice and referred to the Committee on Finance.

Subjects

Assigned by the Library of Congress. Policy area: Energy.

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Everything here is as published by Congress: the summary is the Congressional Research Service's, the action wording is the clerks', and the subjects are the Library of Congress's. How far it got is read from the actions themselves, taking the most recent one of each kind, so a bill that failed a vote and later passed is shown as having passed. Records come from this bill on Congress.gov and govinfo.gov.