S.Amdt. 155

SA 155. Ms. KLOBUCHAR (for herself and Mr. Udall of Colorado)
submitted an amendment intended to be proposed to amendment SA 98
proposed by Mr. Inouye (for himself and Mr. Baucus) to the bill H.R. 1,
making supplemental appropriations for job preservation and creation,
infrastructure investment, energy efficiency and science, assistance to
the unemployed, and State and local fiscal stabilization, for fiscal
year ending September 30, 2009, and for other purposes; which was
ordered to lie on the table; as follows:

On page 456, after line 24, insert the following:

SEC. 1104. RENEWABLE ELECTRICITY INTEGRATION CREDIT.

(a) In General.--Subpart D of part IV of subchapter A of
chapter 1 is amended by adding at the end the following new
section:

``SEC. 45R. RENEWABLE ELECTRICITY INTEGRATION CREDIT.

``(a) General Rule.--For purposes of section 38, the
renewable electricity integration credit for any taxable year
is an amount equal to the product of--
``(1) the intermittent renewable portfolio factor of an
eligible taxpayer, multiplied by
``(2) the number of kilowatt hours of renewable electricity
purchased or produced by such taxpayer and sold by such
taxpayer to an unrelated person during the taxable year.
``(b) Intermittent Renewable Portfolio Factor.--The
intermittent renewable portfolio factor for an eligible
taxpayer shall be determined as follows:

``In the case of an eligible taxpayer whose intermittent renewable
electricity percentageThe intermittent renewable portfolio factor is:
less than 4 percent...........................................0 cents
at least 4 percent but less than 12 percent................0.10 cents
at least 12 percent but less than 19 percent...............0.30 cents
at least 19 percent........................................0.50 cents
``(c) Definitions.--For purposes of this section--
``(1) Eligible taxpayer.--The term `eligible taxpayer'
means an electric utility company (as defined in section
1262(5) of the Public Utility Holding Company Act of 2005).
``(2) Renewable electricity.--The term `renewable
electricity' means electricity generated by--
``(A) a facility using wind to produce such electricity,
and
``(B) a facility using solar energy to generate such
electricity.
``(3) Intermittent renewable electricity percentage.--The
term `intermittent renewable electricity percentage' means
the percentage of an electric utility's total sales to native
load customers that is derived from renewable electricity,
whether purchased or produced by the taxpayer.''.
(b) Credit Made Part of General Business Credit.--
Subsection (b) of section 38 is amended--
(1) by striking ``plus'' at the end of paragraph (34),
(2) by striking the period at the end of paragraph (35) and
inserting ``, plus'', and
(3) by adding at the end the following new paragraph:
``(36) the renewable electricity integration credit
determined under section 45R(a).''.
(c) Clerical Amendment.--The table of sections for subpart
D of part IV of subchapter A of chapter 1 is amended by
adding at the end the following new item:

Sec. 45R. Renewable electricity integration credit.

(d) Effective Date.--The amendments made by this section
shall apply to electricity produced or purchased after
December 31, 2008.
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