42 U.S.C. § 6803 : US Code - Section 6803: Development of electric utility rate design proposals by Secretary; contents; submission to Congress; supporting analysis

Search 42 U.S.C. § 6803 : US Code - Section 6803: Development of electric utility rate design proposals by Secretary; contents; submission to Congress; supporting analysis

(a) The Secretary shall develop proposals to improve electric
utility rate design. Such proposals shall be designed to encourage
energy conservation, minimize the need for new electrical
generating capacity, and minimize costs of electric energy to
consumers, and shall include (but not be limited to) proposals
which provide for the development and implementation of -
(1) load management techniques which are cost effective;
(2) rates which reflect marginal cost of service, or time of
use of service, or both;
(3) ratemaking policies which discourage inefficient use of
fuel and encourage economical purchases of fuel; and
(4) rates (or other regulatory policies) which encourage
electric utility system reliability and reliability of major
items of electric utility equipment.
(b) The proposals prepared under subsection (a) of this section
shall be transmitted to each House of Congress not later than 6
months after August 14, 1976, for review and for such further
action as the Congress may direct by law. Such proposals shall be
accompanied by an analysis of -
(1) the projected savings (if any) in consumption of petroleum
products, natural gas, electric energy, and other energy
resources,
(2) the reduction (if any) in the need for new electrical
generating capacity, and of the demand for capital by the
electric utility industry, and
(3) changes (if any) in the cost of electric energy to
consumers,
which are likely to result from the implementation nationally of
each of the proposals transmitted under this subsection.