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**Budget Reconciliation: Energy-Related Legislative Recommendations - Clean Electricity Performance Program**.pdf

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Preview of **Budget Reconciliation: Energy-Related Legislative Recommendations - Clean Electricity Performance Program**
🔗 Source: docs.house.gov
📊 Size: 307 KB
📄 Pages: 133 pages
⬇️ Downloads: 53

Summary

This committee print outlines legislative recommendations for a new Clean Electricity Performance Program under the Federal Power Act, focusing on promoting clean electricity generation.

Key Provisions:

- Funding: Allocates $250 million for 2022 and annual appropriations from 2023 to 2031 for program administration and grants.
- Program Establishment: Directs the Secretary of Energy to establish a program offering grants and collecting payments from eligible electricity suppliers based on their clean electricity production.
- Grant Eligibility & Calculation:

- Suppliers qualify for grants if their certified clean electricity percentage increases by at least 4 percentage points compared to the prior year (or more if they submitted a payment in the previous year).
- Grant amounts are calculated based on megawatt-hours of "qualified clean electricity" claimed, with varying baseline calculations for initial years and new suppliers.

- Payment Requirements: Suppliers must pay for any qualified clean electricity not claimed at least 4% above the prior year's level.

Effective Dates:

- Program implementation begins one year after enactment.
- Grants are available for performance years 2023 to 2030.

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Description

a U.S. government budget allocation for a Clean Electricity Performance Program, authorizing $250 million for administrative expenses and grants from FY2022 to 2031 to support initiatives related to clean energy under the Federal Power Act.

Technical Information

  • File Format: PDF
  • File Size: 307 KB
  • Pages: 133
  • Language: EN
  • Total Downloads: 53
  • Last Updated: 2 weeks ago

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