A bill to prohibit the Federal Energy Regulatory Commission from issuing certain decisions that will raise costs for ratepayers, and for other purposes.

Bill: 113-s-2928
Sponsor: full_name: Sen. Schumer, Charles E. [D-NY]
Introduced: 2014-11-13
Policy area: Energy
Subjects: Administrative law and regulatory procedures

Electric power generation and transmission

Federal Energy Regulatory Commission (FERC)

Government studies and investigations

Public utilities and utility rates
Latest action: action_date: 2014-11-13
text: Read twice and referred to the Committee on Energy and Natural Resources.

Summaries:
action_date: 2014-11-13
action_desc: Introduced in Senate
text: <p>Requires the Federal Energy Regulatory Commission (FERC) to publish a cost-benefit analysis before issuing any decision that would either: (1) authorize creation of a new capacity zone, or (2) affect the supply and demand curves or models used to determine prices at points in a capacity zone.</p> <p>Prohibits FERC from issuing any such decision if it determines that such analysis shows that costs will be raised for ratepayers. </p> <p> Backdates the effective date of this Act to January 1, 2014.</p>

tv_txt: II 113th CONGRESS 2d Session S. 2928 IN THE SENATE OF THE UNITED STATES November 13, 2014 Mr. Schumer introduced the following bill; which was read twice and referred to the Committee on Energy and Natural Resources A BILL To prohibit the Federal Energy Regulatory Commission from issuing certain decisions that will raise costs for ratepayers, and for other purposes.

1. Prohibition against certain FERC decisions that will raise costs for ratepayers (a) Cost-Benefit analysis Prior to issuing a decision described in subsection (b), the Federal Energy Regulatory Commission shall publish a cost-benefit analysis of such decision, including the likely financial impact of such decision on ratepayers. (b) Decisions This section applies to any decision by the Federal Energy Regulatory Commission that will— (1) authorize the creation of a new capacity zone; or (2) affect the supply and demand curves or models used to determine prices at points in a capacity zone. (c) Prohibition If the Federal Energy Regulatory Commission determines, through a cost-benefit analysis published under subsection (a), that a decision described in subsection (b) will raise costs for ratepayers, then the Commission may not issue such decision. (d) Effective date This section takes effect on January 1, 2014.