American Renewable Energy and Efficiency Act
Latest action · Jul 11, 2014 Referred to the Subcommittee on Energy and Power.
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.
- IntroducedJul 10, 2014
- Passed HouseNot reached
- Passed SenateNot reached
- To the PresidentNot reached
- Became lawNot reached
Summary
American Renewable Energy and Efficiency Act - Amends the Public Utility Regulatory Policies Act of 1978 (PURPA) to require each retail electric supplier to submit to the Federal Energy Regulatory Commission (FERC) a quantity of federal renewable electricity credits that is equal to at least the annual target of the retail electric supplier established by this Act for each of 2015 through 2040. Requires the target to be equal to the product of the supplier's base amount (electricity sold) for the year and a specified annual percentage for that year, which increases from 6% for 2015 to 25% for 2025 through 2040.
Sets forth provisions governing the issuance, tracking, verification, trading, banking, and retirement of federal renewable electricity credits.
Authorizes alternative compliance payments in lieu of credits.
Authorizes states to set the rates for a sale of electric energy by a facility generating electric energy from renewable energy sources pursuant to a voluntary production incentive program.
Requires the Secretary of Energy (DOE) to: (1) establish a program to implement, enforce, review, and adjust performance standards for specified cumulative electricity and natural gas savings for 2015 through 2025; (2) promulgate regulations establishing performance standards for 2026 through 2040 and for subsequent years by specified deadlines; and (3) set such standards at levels reflecting the maximum achievable level of cost-effective energy efficiency potential. Prohibits standards for any year from being lower than the standard for 2025.
Requires the Secretary, at 10-year intervals, to review the most recent standards and increase them if additional cost-effective energy efficiency potential is achievable.
Requires each retail electricity and natural gas supplier to submit a report annually demonstrating that it has achieved required savings, which the Secretary shall review to verify that performance standards have been met. Authorizes suppliers to use electricity or natural gas savings purchased from another supplier, a state, or a third-party efficiency provider to meet such standards.
Provides for state administration of an energy efficiency program to meet the requirements of this Act.
Requires the Secretary to direct the state to correct deficiencies found in a review and to report to the Secretary on progress not later than 180 days after the date of the receipt of review results.
Encourages state utility regulatory commissions to review their rules and regulations to ensure that utilities can recover the direct costs of energy efficiency programs, fully recover authorized fixed costs, and earn an incentive for shareholders if the energy efficiency standards are achieved.
Requires the Secretary to contract with the National Academy of Sciences to submit a comprehensive evaluation of all aspects of the program established by this Act by July 1, 2019, and every 10 years thereafter.
Cosponsors 1
Members who signed on, in the order they did. All signed on Jul 10, 2014.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| D-NM | Ben Ray Luján | Original | Jul 10, 2014 |
Actions 3
Everything that happened, newest first.
- Jul 11, 2014Referred to the Subcommittee on Energy and Power.
- Jul 10, 2014Introduced in House
- Jul 10, 2014Referred to the House Committee on Energy and Commerce.
Related bills 2
Companion bills and other measures the record links to this one.
| Bill | Title | Relationship | Latest action |
|---|---|---|---|
| S 1627 | American Renewable Energy and Efficiency Act | Related bill | Oct 31, 2013 |
| HR 5301 | American Renewable Energy and Efficiency Act | Related bill | Aug 1, 2014 |
Subjects
Assigned by the Library of Congress. Policy area: Energy.
- Administrative law and regulatory procedures
- Alternative and renewable resources
- Climate change and greenhouse gases
- Congressional oversight
- Dams and canals
- Department of Energy
- Economic development
- Electric power generation and transmission
- Energy
- Energy efficiency and conservation
- Environmental Protection Agency (EPA)
- Environmental regulatory procedures
- Federal Energy Regulatory Commission (FERC)
- Government studies and investigations
- Hazardous wastes and toxic substances
- Lighting, heating, cooling
- Oil and gas
- Performance measurement
- Public utilities and utility rates
- State and local government operations
Text 1
Each version as it was printed, newest first.
- Jul 10, 2014Introduced in House
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.