S.Amdt. 1497

SA 1497. Mr. PAUL submitted an amendment intended to be proposed to
amendment SA 1407 proposed by Ms. Murkowski to the bill S. 2657, to
support innovation in advanced geothermal research and development, and
for other purposes; which was ordered to lie on the table; as follows:

At the end of subtitle D of title I, add the following:

SEC. 14__. SALE OF COAL-FIRED ELECTRIC GENERATING FACILITIES
BY THE TENNESSEE VALLEY AUTHORITY.

(a) In General.--Before the Tennessee Valley Authority
retires a coal-fired electric generating facility, the
Tennessee Valley Authority shall--
(1) offer the facility for sale; and
(2) sell the facility to the highest bidder, subject to the
condition that the purchaser shall agree to continue to
operate the facility for electric generation for not less
than 10 years beginning on the date of the sale.
(b) Reverter.--On the violation by a purchaser of the
condition described in subsection (a)(2), the applicable
facility shall revert to the Tennessee Valley Authority.
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