Transition to Competition in the Electric Industry Act
The source supplies the latest action, but no lifecycle stage.
Latest action (30 Jul 1998): Read twice and referred to the Committee on Energy and Natural Resources.
What this bill does
This bill, titled the "Transition to Competition in the Electric Industry Act," would prevent electric utilities from being required to enter into new contracts to buy or sell electricity or capacity from qualifying cogeneration and small power production facilities under a specific section of a 1978 law. It also requires the Federal Energy Regulatory Commission (FERC) to create rules ensuring that utilities do not have to pay for costs from existing contracts with these facilities that were agreed to before this bill becomes law.
The bill affects electric utilities and qualifying facilities that produce electricity through cogeneration (producing both heat and power) or small power production. It aims to address concerns that certain past electricity purchasing agreements have led to high rates for consumers. The bill also addresses the costs associated with existing contracts, ensuring utilities can recover them.
S. 2381 was introduced in the Senate in July 1998. As of its introduction, its latest action was simply being introduced and referred to the Senate Committee on Energy and Natural Resources. The bill would need to be considered and passed by both the Senate and the House of Representatives before it could be sent to the President to be signed into law.
Plain-English summary generated by Bill100 AI from the official record. Always verify against the source below.
Official summary
Transition to Competition in the Electric Industry Act - States that no electric utility shall be required, under the Public Utility Regulatory Policies Act of 1978 (PURPA), to enter into a new contract or obligation to purchase or sell electricity or capacity from or to qualifying cogeneration and small power production facilities. Requires the Federal Energy Regulatory Commission to promulgate and enforce regulations designed to ensure that no electric utility shall be required to absorb the costs associated with purchases of electric power or capacity from a qualifying facility pursuant to PURPA obligations before enactment of this Act.
Timeline
30 Jul 1998
Read twice and referred to the Committee on Energy and Natural Resources.
Common questions
- What does S. 2381 do?
- This bill, titled the "Transition to Competition in the Electric Industry Act," would prevent electric utilities from being required to enter into new contracts to buy or sell electricity or capacity from qualifying cogeneration and small power production facilities under a specific section of a 1978 law. It also requires the Federal Energy Regulatory Commission (FERC) to create rules ensuring that utilities do not have to pay for costs from existing contracts with these facilities that were agreed to before this bill becomes law. The bill affects electric utilities and qualifying facilities that produce electricity through cogeneration (producing both heat and power) or small power production. It aims to address concerns that certain past electricity purchasing agreements have led to high rates for consumers. The bill also addresses the costs associated with existing contracts, ensuring utilities can recover them. S. 2381 was introduced in the Senate in July 1998. As of its introduction, its latest action was simply being introduced and referred to the Senate Committee on Energy and Natural Resources. The bill would need to be considered and passed by both the Senate and the House of Representatives before it could be sent to the President to be signed into law.
- Has S. 2381 become law?
- The source does not supply a confirmed lifecycle stage for S. 2381. Check the latest action and official source below.
- Who sponsored S. 2381?
- S. 2381 was sponsored by Sen. Mack, Connie, III [R-FL] (R-FL), with 1 cosponsor.
- What's the latest action on S. 2381?
- Read twice and referred to the Committee on Energy and Natural Resources. (30 Jul 1998).
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