Carbon Capture and Storage Early Deployment Act

Bill: 111-hr-1689
Sponsor: Rep. Boucher, Rick [D-VA-9]
Introduced: 2009-03-24 in the House
Policy area: Energy
Subjects: Administrative law and regulatory procedures
Advisory bodies
Air quality
Climate change and greenhouse gases
Coal
Department of Energy
Electric power generation and transmission
Energy research
Government corporations and government-sponsored enterprises
Government studies and investigations
Oil and gas
Public contracts and procurement
Public participation and lobbying
Public utilities and utility rates
Research administration and funding
Technology transfer and commercialization
User charges and fees
Wages and earnings

Summary:
action_date: 2009-03-24
text: 
Carbon Capture and Storage Early Deployment Act - Authorizes qualified industry organizations to conduct a referendum among the owners or operators of distribution utilities delivering fossil fuel-based electricity for the creation of a Carbon Storage Research Corporation to establish a program to accelerate the commercial availability of carbon dioxide capture and storage technologies and methods through the provision of grants, contracts, and financial assistance. 
 
Requires the Corporation: (1) to be established upon approval of those persons representing two-thirds of the total quantity of fossil fuel-based electricity delivered to retail consumers, unless opposed by 40% state regulatory authorities; and (2) to operate as a division or affiliate of the Electric Power Research Institute . 
 
Requires the Corporation, annually, to collect an assessment on such distribution utilities that shall reflect the relative carbon dioxide emission rates of different fossil fuel-based electricity. Sets initial rates of assessment for coal, natural gas, and oil. Authorizes the Corporation to adjust the assessments to reflect changes in the expected quantities of such electricity from different fuel types such that the assessments generate between $1.0 billion and $1.1 billion annually. Sets forth provisions concerning an assessment within the Electric Reliability Council of Texas. Authorizes the Corporation to collect assessments and conduct operations for 10 years. Dissolves the Corporation after 15 years. 
 
 Requires the Corporation's Board to establish policies regarding the ownership of intellectual property developed as a result of Corporation support that encourage individual ingenuity and invention.
 
Requires the Secretary of Energy to: (1) issue a rule for determining the level and type of fossil fuel electricity delivered to retail customers by each distribution utility; and (2) make and publish such determinations annually.
 
Provides for recovery of a distribution facility's costs of complying with this Act.
 
Establishes the Technical Advisory Committee to provide independent assessments and technical evaluations concerning Corporation activities.


Legislative actions:
action_date: 2009-03-26
text: Referred to the Subcommittee on Energy and Environment.
action_date: 2009-03-25
text: Referred to the Subcommittee on Energy and Environment.
action_date: 2009-03-24
text: Referred to House Science and Technology
action_date: 2009-03-24
text: Referred to the Committee on Energy and Commerce, and in addition to the Committee on Science and Technology, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
action_date: 2009-03-24
text: Referred to House Energy and Commerce
action_date: 2009-03-24
text: Introduced in House
action_date: 2009-03-24
text: Introduced in House