S. 1758Senate111th Congress (2009-2011)In Committee

Bonneville Unit Clean Hydropower Facilitation Act

Introduced October 6, 2009

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2 earlier actions
SenateCommittee Latest Action

Committee on Energy and Natural Resources Subcommittee on Water and Power. Hearings held. With printed Hearing: S.Hrg. 111-339.

November 5, 2009

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SenateIntro Referral

Introduced in Senate

October 6, 2009

SenateIntro Referral

Read twice and referred to the Committee on Energy and Natural Resources.

October 6, 2009

SenateCommittee

Committee on Energy and Natural Resources Subcommittee on Water and Power. Hearings held. With printed Hearing: S.Hrg. 111-339.

November 5, 2009

Floor Debate

1 member

What members said about S. 1758 on the floor

1 Democrat
Jeff Bingaman
Sen. Jeff BingamanD-NM · Oct 28, 2009

Mr. President, I would like to announce for the information of the Senate and the public that a hearing has been scheduled before the Senate Committee on Energy and Natural Resources. The hearing…

Bill Text

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Introduced in SenateIssued October 6, 2009

II

111th CONGRESS

1st Session

S. 1758

IN THE SENATE OF THE UNITED STATES

October 6, 2009

Mr. Bennett (for himself and Mr. Hatch) introduced the following bill; which was read twice and referred to the Committee on Energy and Natural Resources

A BILL

To provide for the allocation of costs to project power with respect to power development within the Diamond Fork System, and for other purposes.

1.

Short title

This Act may be cited as the Bonneville Unit Clean Hydropower Facilitation Act.

2.

Diamond Fork System defined

For the purposes of this Act, the term Diamond Fork System means the facilities described in chapter 4 of the October 2004 Supplement to the 1988 Definite Plan Report for the Bonneville Unit.

3.

Cost allocations

Notwithstanding any other provision of law, in order to facilitate hydropower development on the Diamond Fork System, the amount of reimbursable costs allocated to project power in chapter 6 of the Power Appendix in the October 2004 Supplement to the 1988 Bonneville Unit Definite Plan Report, with regard to power development within the Diamond Fork System, shall be considered final costs as well as costs in excess of the total maximum repayment obligation as defined in section 211 of the Central Utah Project Completion Act of 1992 (Public Law 102–575), and shall be subject to the same terms and conditions.

4.

No purchase or market obligation; no costs assigned to power

Nothing in this Act shall obligate the Western Area Power Administration to purchase or market any of the power produced by the Diamond Fork power plant and none of the costs associated with development of transmission facilities to transmit power from the Diamond Fork power plant shall be assigned to power for the purpose of Colorado River Storage Project ratemaking.

5.

Prohibition on tax-exempt financing

No facility for the generation or transmission of hydroelectric power on the Diamond Fork System may be financed or refinanced, in whole or in part, with proceeds of any obligation—

(1)

the interest on which is exempt from the tax imposed under chapter 1 of the Internal Revenue Code of 1986, or

(2)

with respect to which credit is allowable under subpart I or J of part IV of subchapter A of chapter 1 of such Code.

6.

Reporting requirement

If, 24 months after the date of the enactment of this Act, hydropower production on the Diamond Fork System has not commenced, the Secretary of the Interior shall submit a report to the Committee on Natural Resources of the House of Representatives and the Committee on Energy and Natural Resources of the Senate stating this fact, the reasons such production has not yet commenced, and a detailed timeline for future hydropower production.