HR 8262
Build More Power Act
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Bill overview
The Build More Power Act amends the Energy Policy Act of 2005 to extend funding and authority for energy infrastructure investments. Specifically, it requires the Department of Energy to solicit applications for loan guarantees for energy infrastructure needed to generate electricity during emergencies, and it establishes a minimum allocation of funds for projects related to facilities ordered to operate during emergencies. The bill also mandates a report to Congress detailing investments and recommendations for upgrading aging coal facilities.
Key provisions
- Extends the period of availability of funds for energy infrastructure reinvestment financing.
- Requires the Department of Energy to solicit applications for loan guarantees for energy infrastructure needed to generate electricity during emergencies.
- Defines ‘ceased operations’ for energy infrastructure required to operate under emergency orders.
- Establishes a minimum allocation of $20 billion for guarantees related to section 202(c) facilities.
- Extends the authorization period for the relevant section of the Energy Policy Act.
- Mandates a report to Congress on investments and recommendations for coal facility upgrades.
- Addresses existing orders issued under section 202(c) of the Federal Power Act.
- Specifies a timeframe for soliciting applications for guarantees related to existing emergency orders.
Who is affected
- Energy infrastructure developers
- Electric utilities
- The Department of Energy
Sponsors
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Primary sponsor
Cosponsor
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119th CONGRESS — 2d Session
H. R. 8262
IN THE HOUSE OF REPRESENTATIVES
A BILL
To amend the Energy Policy Act of 2005 to extend the period of availability of funds and commitment authority for energy infrastructure reinvestment financing and to require the solicitation of applications from energy infrastructure required to generate electric energy during an emergency, and for other purposes.
This Act may be cited as the Build More Power Act
.
2028and inserting
2032.
2026and inserting
2032; and
in subsection (b)—
by striking The Secretary may
and inserting the following:
by striking 2028
and inserting 2032
; and
by adding at the end the following:
recommendations on how to best incentivize investment in upgrades to aging coal facilities.