II
114th CONGRESS
1st Session
S. 1272
IN THE SENATE OF THE UNITED STATES
May 11, 2015
Mr. Markey (for himself and Ms. Warren) introduced the following bill; which was read twice and referred to the Committee on Energy and Natural Resources
A BILL
To direct the Comptroller General of the United States to conduct a study on the effects of forward capacity auctions and other capacity mechanisms.
GAO Capacity market impact study and report
Not later than 180 days after the date of enactment of this Act, the Comptroller General of the United States shall—
conduct a study of the effects of forward capacity auctions or other capacity mechanisms that have been established by Independent System Operators or Regional Transmission Organizations on—
consumer prices for electricity;
the installation of new electrical generation systems;
the preservation of existing electrical generation systems; and
competition in energy markets, including the potential for the use of undue market power or manipulation in the auctions; and
submit to the appropriate committees of Congress a report describing the results of the study conducted under paragraph (1), including an assessment of whether the auctions or capacity mechanisms are producing rates that are just and reasonable.