IN THE SENATE OF THE UNITED STATES
February 17, 2011
Mr. Corker (for himself, Mr. Wyden, Ms. Murkowski, Mr. Burr, Mr. Graham, Mr. Chambliss, and Mr. Lee) introduced the following bill; which was read twice and referred to the Committee on Energy and Natural Resources
To amend the Federal Power Act to ensure that rates and charges for electric energy are assessed in proportion to measurable reliability or economic benefit, and for other purposes.
Allocation of rates or charges for electric energy
Section 205 of the Federal Power Act (16 U.S.C. 824d) is amended—
by striking the
section heading and all that follows through
(a) All and
inserting the following:
Rates and charges
Subject to paragraph (2), all
by adding at the end the following:
No rate or charge for or in connection with the transmission of electric energy contained in any filing made under subsection (c) or any proceeding initiated under section 206(a) after June 17, 2010, shall be considered just and reasonable unless the rate or charge is based on an allocation of costs for new transmission facilities that is reasonably proportionate to measurable economic or reliability benefits projected, as determined by the Commission, to accrue to the 1 or more persons that pay the rate or charge.