To modify a provision relating to bulk-power system reliability impact statements.

SA 2963. Ms. MURKOWSKI submitted an amendment intended to be proposed
to amendment SA 2953 proposed by Ms. Murkowski to the bill S. 2012, to
provide for the modernization of the energy policy of the United
States, and for other purposes; as follows:

Strike section 4301 and insert the following:

SEC. 4301. BULK-POWER SYSTEM RELIABILITY IMPACT STATEMENT.

Section 215 of the Federal Power Act (16 U.S.C. 824o) is
amended by adding at the end the following:
``(l) Reliability Impact Statement.--
``(1) Solicitation by commission.--Not later than 15 days
after the date on which the head of a Federal agency proposes
a major rule (as defined in section 804 of title 5, United
States Code) that may significantly affect the reliable
operation of the bulk-power system, the Commission shall
solicit from the ERO, who shall coordinate with regional
entities affected by the proposed rule, a reliability impact
statement with respect to the proposed rule.

[[Page S259]]

``(2) Requirements.--A reliability impact statement under
paragraph (1) shall include a detailed statement on--
``(A) the impact of the proposed rule on the reliable
operation of the bulk-power system;
``(B) any adverse effects on the reliable operation of the
bulk-power system if the proposed rule was implemented; and
``(C) alternatives to cure the identified adverse
reliability impacts, including a no-action alternative.
``(3) Submission to commission and congress.--On completion
of a reliability impact statement under paragraph (1), the
ERO shall submit to the Commission and Congress the
reliability impact statement.
``(4) Transmittal to head of federal agency.--On receipt of
a reliability impact statement submitted to the Commission
under paragraph (3), the Commission shall transmit to the
head of the applicable Federal agency the reliability impact
statement prepared under this subsection for inclusion in the
public record.
``(5) Inclusion of detailed response in final rule.--With
respect to a final major rule subject to a reliability impact
statement prepared under paragraph (1), the head of the
Federal agency shall--
``(A) consider the reliability impact statement;
``(B) give due weight to the technical expertise of the ERO
with respect to matters that are the subject of the
reliability impact statement; and
``(C) include in the final rule a detailed response to the
reliability impact statement that reasonably addresses the
detailed statements required under paragraph (2).''.
______