S.Amdt. 1486

1. Adds TITLE XII--NATURAL GAS at the end of the bill

   Adds a title

   In S. 14 · Placed on Calendar Senate

   (c) Section 315 of the Federal Power Act (16 U.S.C. 825n) is amended by striking "subsection" and inserting "section".

   Inserted: TITLE XII--NATURAL GAS

   Inserted: SEC. 1201. REDUCTION OF DEPENDENCE ON NATURAL GAS.

   Inserted: (a) Report.--

   Inserted: (1) In general.--Not later than February 1, 2004, and annually thereafter, the President shall submit to Congress a report, based on the most recent edition of the Annual Energy Outlook published by the Energy Information Administration, assessing the progress made by the United States toward the goal of reducing excessive dependence on natural gas by 2015 and 2025.

   Inserted: (2) Contents.--The report under paragraph (1) shall--

   Inserted: (A) include a description of the implementation, during the previous fiscal year, of provisions under this Act relating to natural gas production and efficiency;

   Inserted: (B) assess the effectiveness of those provisions in meeting the goal described in paragraph (1);

   Inserted: (C) describe the progress in developing and implementing measures under subsection (b); and

   Inserted: (D) identify opportunities to reduce natural gas demand further through new legislative initiatives.

   Inserted: (b) Measures To Reduce Natural Gas Dependence Through Increased Efficiency and Conservation.--

   Inserted: (1) In general.--Not later than 1 year after the date of enactment of this Act, the President shall develop and implement measures to conserve natural gas in end uses (not including electrical generation) throughout the economy of the United States sufficient to reduce total end use demand for natural gas in the United States by at least 10 percent from the amount projected for calendar year 2015, and by at least 20 percent from the amount projected for 2025, in the reference case contained in the report of the Energy Information Administration entitled "Annual Energy Outlook 2003".

   Inserted: (2) Basis of calculations.--For the purpose of developing measures under paragraph (1), the President shall calculate levels of demand and demand reduction in such a manner as to account only for efficiency increases and conservation and not reflect changes caused by fuel switching to or from natural gas.

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   Inserted: (3) Contents.--The measures under paragraph (1) shall be designed to ensure continued reliable and affordable energy for consumers.

   Inserted: (4) Implementation.--The measures under paragraph (1) shall be implemented under existing authorities of appropriate Federal executive agencies identified by the President.

   Original wording

   At the end, add the following:

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As printed