Reliable Power Act

This Act may be cited as the Reliable Power Act.
Section 215 of the Federal Power Act (16 U.S.C. 824o) is amended—
in subsection (g)—
by striking The ERO and inserting the following:
The ERO
by adding at the end the following:
The assessments under paragraph (1) shall include an annual long-term assessment, which shall include—
an analysis of the ability of the bulk-power system to supply sufficient electric energy to maintain an adequate level of reliability, taking into account—
generation resource mix;
transmission development; and
electric energy demand trends;
an analysis of—
the risk of future electric energy supply shortfalls under normal and extreme weather conditions; and
the risk of any such shortfalls within each region of the bulk-power system; and
a determination of whether additional generation resources are necessary to supply sufficient electric energy to maintain an adequate level of reliability during the assessment period.
In conducting a long-term assessment under paragraph (2), if the ERO determines that the bulk-power system is at risk of not having adequate generation resources to supply sufficient electric energy to maintain an adequate level of reliability, the ERO shall publicly notify the Commission that the bulk-power system is in a state of generation inadequacy.
To conduct a long-term assessment under paragraph (2), the ERO may collect information and data from users, owners, and operators of the bulk-power system.
by redesignating subsections (h) through (k) as subsections (i) through (l), respectively; and
by inserting after subsection (g) the following:
In this subsection:
The term covered agency action means a regulation that—
relates to, or otherwise directly affects, any generation resource in the bulk-power system; and
on the date on which the applicable Federal agency receives notice from the Commission under paragraph (2)—
is under development to be proposed; or
is otherwise under consideration in a rulemaking proceeding.
The term Federal agency means an Executive department (as defined in section 101 of title 5, United States Code) or any other Executive agency the head of which holds a Cabinet-level position.
If the ERO notifies the Commission under subsection (g)(3) that the bulk-power system is in a state of generation inadequacy, the Commission shall promptly notify the Department of Energy, the Environmental Protection Agency, and any other Federal agency the Commission determines appropriate of that state of generation inadequacy.
Not later than the applicable date described in subparagraph (B), the head of each Federal agency that receives a notification under paragraph (2) shall submit to the Commission for review and comment any covered agency action of the Federal agency.
The date referred to in subparagraph (A) is—
the first date on which the applicable covered agency action is provided to the Office of Management and Budget or any other Federal agency for review and comment;
if the applicable covered agency action is not provided to the Office of Management and Budget or any other Federal agency for review and comment, the date that is 90 days before the date on which the covered agency action is published in the Federal Register or otherwise made available for public inspection or comment; or
if, as of the date on which the Federal agency receives the applicable notification under paragraph (2), the covered agency action has already been provided to the Office of Management and Budget or any other Federal agency for review and comment, or has already been published in the Federal Register or otherwise made available for public inspection or comment, the date that is 60 days after the date on which the Federal agency received the notification.
The Commission, in consultation with the ERO and transmission organizations, shall, by order, provide to the Federal agency head that submitted to the Commission a covered agency action under paragraph (3)—
comments on the covered agency action, which may include an assessment of the effect of the covered agency action on rates, terms, and conditions for services pursuant to the authority of the Commission under sections 201 and 206; and
if applicable, recommendations for modifications to the covered agency action to prevent a significant negative impact on the ability of the bulk-power system to supply sufficient electric energy to maintain an adequate level of reliability.
The head of a Federal agency may not finalize a covered agency action that is submitted to the Commission under paragraph (3) until—
the agency head responds in writing to the Commission with an explanation of how the agency head modified, or why the agency head determined not to modify, the covered agency action in response to any comments and recommendations provided by the Commission under paragraph (4); and
the Commission determines that the covered agency action is not likely to have a significant negative impact on the ability of the bulk-power system to supply sufficient electric energy to maintain an adequate level of reliability.
A Federal agency head shall include any comments, recommendations, and responses relating to the covered agency action under paragraphs (4) and (5) in—
any submission of the covered agency action to the Federal Register for publication; and
any other place in which the covered agency action is otherwise made available for public inspection or comment.