3.0.0 2660 2022-02-03T05:08:46Z 2022-02-03T05:08:46Z Senate S S 2008-02-25 110 sseg00 Energy and Natural Resources Committee Senate Standing Referred to 2008-02-25T22:59:22Z Consumer Protection and Cost Accountability Act 110 5547 HR 2008-03-06 Referred to the Subcommittee on Energy and Air Quality. Identical bill CRS 2008-02-25 sseg00 Energy and Natural Resources Committee Senate Read twice and referred to the Committee on Energy and Natural Resources. (text of measure as introduced: CR S1126) IntroReferral 2008-02-25 Sponsor introductory remarks on measure. (CR S1125-1126) IntroReferral B00100 9 Library of Congress 2008-02-25 Introduced in Senate IntroReferral 10000 9 Library of Congress S000033 Sen. Sanders, Bernard [I-VT] Bernard Sanders I VT N S000663 Sen. Snowe, Olympia J. [R-ME] Olympia Snowe R ME J. 2008-02-25 True K000148 Sen. Kerry, John F. [D-MA] JOHN KERRY D MA FORBES 2008-02-25 True C001035 Sen. Collins, Susan M. [R-ME] Susan Collins R ME M. 2008-02-25 True K000105 Sen. Kennedy, Edward M. [D-MA] EDWARD KENNEDY D MA MOORE 2008-02-25 True L000174 Sen. Leahy, Patrick J. [D-VT] Patrick Leahy D VT 2008-02-25 True M000702 Sen. Mikulski, Barbara A. [D-MD] BARBARA MIKULSKI D MD ANN 2008-04-01 False Energy Auditing Commerce Consumer protection Cost effectiveness Electric power transmission Electric utility rates Finance and Financial Sector Energy 00 2008-02-25 Introduced in Senate 2008-04-02T14:14:28Z Consumer Protection and Cost Accountability Act - Amends the Federal Power Act to require the Federal Energy Regulatory Commission (FERC) to consider whether a rate or charge made, demanded, or received by a Transmission Organization (TO) would enable the TO to provide or facilitate reliable service to consumers at the lowest reasonable cost.

Instructs FERC, in determining whether a TO filing to establish or change a rate or charge is consistent with specified requirements, to consider whether the rate or charge would: (1) provide consumer benefits that outweigh any anticipated costs to consumers as demonstrated by a cost-benefit analysis submitted by the TO; or (2) have only a de minimis impact upon the total delivered costs to the consumer.

Directs FERC to ensure that each TO is subject to biennial, independent audits.

]]> Consumer Protection and Cost Accountability Act Short Titles as Introduced Consumer Protection and Cost Accountability Act Display Title Consumer Protection and Cost Accountability Act Official Title as Introduced A bill to amend the Federal Power Act to ensure that the mission and functions of Regional Transmission Organizations and Independent System Operators include keeping energy costs as low as reasonably possible for consumers, and for other purposes. Introduced in Senate 2008-02-25T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-110s2660is/xml/BILLS-110s2660is.xml 2008-02-25 Read twice and referred to the Committee on Energy and Natural Resources. (text of measure as introduced: CR S1126) text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.