S.Amdt. 3165

SA 3165. Mr. MARKEY 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; which was ordered to lie on the table;
as follows:

At the end of part I of subtitle A of title III, add the
following:

SEC. 30__. PUMPED STORAGE HYDROPOWER COMPENSATION.

Not later than 180 days after the date of enactment of this
Act, the Federal Energy Regulatory Commission shall initiate
a proceeding to identify and determine the market,
procurement, and cost recovery mechanisms that would--
(1) encourage development of pumped storage hydropower
assets; and
(2) properly compensate those assets for the full range of
services provided to the power grid, including--
(A) balancing electricity supply and demand;
(B) ensuring grid reliability; and
(C) cost-effectively integrating intermittent power sources
into the grid.
______