S.Amdt. 4955

1. 1

   Change 1: Inserts new text on page 293, between lines 17 and 18

   InsertsPrinted page

   Inserted: (3) Qualifying transmission line.--The term "qualifying transmission line" means a transmission line that--

   Inserted: (A)(i) is placed into commercial service after the date of enactment of this Act;

   Inserted: (ii) transmits renewable electricity; and

   Inserted: (iii) to the maximum extent practicable, employs advanced grid technologies; or

   Inserted: (B)(i) provides incremental increases in transmission capacity for renewable electricity; and

   Inserted: (ii) to the maximum extent practicable, employs advanced grid technologies

   Inserted: (4) Qualifying transmitter of renewable electricity.--The term "qualifying transmitter of renewable electricity" means an entity that constructs qualifying transmission lines.

   Original wording

   On page 293, between lines 17 and 18, insert the following:

2. 2

   Change 2: Replaces “(3)” with “(5)”

   ReplacesPage 293, line 18Printed page

   [struck: (3)][inserted: (5)]

   Original wording

   On page 293, line 18, strike “(3)” and insert “(5)”.

3. 3

   Change 3: Replaces “(4)” with “(6)”

   ReplacesPage 293, line 23Printed page

   [struck: (4)][inserted: (6)]

   Original wording

   On page 293, line 23, strike “(4)” and insert “(6)”.

4. 4

   Change 4: Replaces “(5)” with “(7)”

   ReplacesPage 294, line 7Printed page

   [struck: (5)][inserted: (7)]

   Original wording

   On page 294, line 7, strike “(5)” and insert “(7)”.

5. 5

   Change 5: Adds SEC. 905. ADDITIONAL FUNDS on page 297, between lines 9 and 10

   Adds a sectionPrinted page

   Inserted: SEC. 905. ADDITIONAL FUNDS.

   Inserted: (a) In General.--For the period of calendar years 2009 through 2018, of the proceeds of the auctions conducted under section 1402(a), $5,000,000,000 shall be allocated by the Administrator to the Low- and Zero-Carbon Electricity Technology Fund in accordance with the schedule described in subsection (b).

   Inserted: (b) Schedule.--Of the amount made available under subsection (a), the Administrator shall allocate--

   Inserted: (1) $1,000,000,000 for calendar year 2012;

   Inserted: (2) $1,000,000,000 for calendar year 2013;

   Inserted: (3) $1,000,000,000 for calendar year 2014;

   Inserted: (4) $500,000,000 for calendar year 2015;

   Inserted: (5) $500,000,000 for calendar year 2016;

   Inserted: (6) $500,000,000 for calendar year 2017; and

   Inserted: (7) $500,000,000 for calendar year 2018.

   Original wording

   On page 297, between lines 9 and 10, insert the following:

6. 6

   Change 6: Rewrites page 297, line 24 through page 298, line 3

   ReplacesPrinted page

   Removes page 297, line 24 through page 298, line 3 of the printed bill. See that page

   Inserted: (1) the production of electricity from new zero- or low-carbon generation;

   Inserted: (2) facility establishment or conversion by manufacturers and component suppliers of zero- or low-carbon generation technology; and

   Inserted: (3) the construction of additional transmission capacity to increase the quantity of renewable electricity on the electrical grid.

   Original wording

   Beginning on page 297, strike line 24 and all that follows through page 298, line 3, and insert the following:

7. 7

   Change 7: Rewrites page 298, lines 5–17

   ReplacesPrinted page

   Removes page 298, lines 5–17 of the printed bill. See that page

   Inserted: (a) In General.--The Climate Change Technology Board shall make awards under this section to domestic producers of new zero- or low-carbon generation, domestic facilities and operations of manufacturers and component suppliers of zero-or low-carbon generation technology, and domestic transmitters of renewable electricity--

   Inserted: (1) in the case of producers of new zero- or low-carbon generation, based on the bid of each generator in terms of dollars per megawatt-hour of electricity generated;

   Inserted: (2) in the case of qualifying manufacturers of zero- or low-carbon generation technology, based on the criteria described in section 909; and

   Inserted: (3) in the case of qualifying transmitters of renewable electricity, based on the quantity and distance of renewable electricity transmitted from remote areas that contain high renewable energy potential.

   Original wording

   On page 298, strike lines 5 through 17 and insert the following:

8. 8

   Change 8: Inserts new text on page 300, between lines 10 and 11

   InsertsPrinted page

   Inserted: (3) Minimum amount.--Of the amounts used by the Climate Change Technology Board to make awards to entities for zero-or low-carbon generation under this subtitle, not less than \1/2\ of the amounts shall be used each fiscal year to make awards to entities for the generation of renewable energy.

   Original wording

   On page 300, between lines 10 and 11, insert the following:

9. 9

   Change 9: Inserts new text on page 301, between lines 10 and 11

   InsertsPrinted page

   Inserted: (c) Construction of Transmission Capacity to Increase Availability of Renewable Electricity.--

   Inserted: (1) In general.--The Climate Change Technology Board shall establish and carry out a program to direct, for each of calendar years 2012 through 2050, funds deposited in the Low-and Zero-Carbon Electricity Technology Fund during the preceding calendar year pursuant to section 904 to builders of qualifying transmission lines based on the percentage of the qualifying transmission lines of the builders that are dedicated to the transmission of energy from renewable energy sources to the grid.

   Inserted: (2) Minimum amount.--In carrying out the program established under paragraph (1), for each of calendar years 2012 through 2050, of the funds deposited in the Low- and Zero-Carbon Electricity Technology Fund during the preceding calendar year pursuant to section 904, the Climate Change Technology Board shall ensure that not less than 5 percent of the funds are used for the construction of qualifying transmission lines.

   Original wording

   On page 301, between lines 10 and 11, insert the following:

10. 10

    Change 10: Rewrites page 304, lines 4–7

    ReplacesPrinted page

    Removes page 304, lines 4–7 of the printed bill. See that page

    Inserted: SEC. 913. ADDITIONAL FUNDS.

    Inserted: (a) In General.--For the period of calendar years 2009 through 2018, of the proceeds of the auctions conducted under section 1402(a), $5,000,000,000 shall be allocated by the Administrator to the Advanced Research Projects Agency--Energy--

    Inserted: (1) to be used by the Administrator to carry out renewable energy projects; and

    Inserted: (2) in accordance with the schedule described in subsection (b).

    Inserted: (b) Schedule.--Of the amount made available under subsection (a), the Administrator shall allocate--

    Inserted: (1) $1,000,000,000 for calendar year 2012;

    Inserted: (2) $1,000,000,000 for calendar year 2013;

    Inserted: (3) $1,000,000,000 for calendar year 2014;

    Inserted: (4) $500,000,000 for calendar year 2015;

    Inserted: (5) $500,000,000 for calendar year 2016;

    Inserted: (6) $500,000,000 for calendar year 2017; and

    Inserted: (7) $500,000,000 for calendar year 2018.

    Show 6 more inserted paragraphsShow less

    Inserted: SEC. 914. USE OF FUNDS.

    Inserted: (a) Limitation on Disbursement.--No amounts deposited in the energy transformation acceleration fund pursuant to section 912 shall be disbursed, except pursuant to an appropriation Act.

    Inserted: (b) Advanced Research Projects Agency--Energy.--Section 5012(c)(1)(A) of the America COMPETES Act (42 U.S.C. 16538(c)(1)(A)) is amended--

    Inserted: (1) in clause (ii), by striking "and" after the semicolon; and

    Inserted: (2) by adding at the end the following:

    Inserted: "(iv) the advancement of renewable energy technologies that do not emit greenhouse gases; and".

    Original wording

    On page 304, strike lines 4 through 7 and insert the following:

Read automatically from the Congressional Record. Check the original before relying on it.

As printed