3.0.0 1553 2023-03-08T20:12:14Z 2023-03-08T20:12:14Z Senate S 2021-05-11 117 ssfi00 Finance Committee Senate Standing Referred to 2021-05-11T19:28:32Z PEAKER Act of 2021 117 3139 HR 2021-05-13 Referred to the Subcommittee on Energy. Identical bill CRS 2021-05-11 ssfi00 Finance Committee Senate Read twice and referred to the Committee on Finance. IntroReferral 2021-05-11 Introduced in Senate IntroReferral 10000 9 Library of Congress G000555 Sen. Gillibrand, Kirsten E. [D-NY] Kirsten Gillibrand D NY E. N V000128 Sen. Van Hollen, Chris [D-MD] Chris Van Hollen D MD 2021-05-11 True F000062 Sen. Feinstein, Dianne [D-CA] Dianne Feinstein D CA 2021-05-27 False Energy Air quality Alternative and renewable resources Business investment and capital Climate change and greenhouse gases Coal Community life and organization Congressional oversight Electric power generation and transmission Energy efficiency and conservation Energy storage, supplies, demand Environmental health Income tax credits Oil and gas Poverty and welfare assistance Unemployment Energy 00 2021-05-11 Introduced in Senate 2021-12-09T18:55:09Z Promoting Energy Alternatives is Key to Emission Reductions Act of 2021 or the PEAKER Act of 2021

This bill addresses the emissions from peaker plants and provides financial incentives for renewable energy to reduce the need for peaker plants.

Peaker plants are defined as fossil fuel-fired power plants or units of power plants that are run primarily to meet peak electricity demand. In other words, peaker plants are run where there is above average energy demand, such as during extremely hot or cold weather.

The bill establishes an additional investment tax credit for renewable energy generation and battery storage to replace the need for peaker plants in disadvantaged communities.

In addition, the Department of Energy (DOE) must establish a grant program to provide up to $1 billion annually through FY2032 to eligible entities for clean energy projects. Specifically, grants must be awarded to assist eligible entities in carrying out (1) projects associated with the construction, installation, or acquisition of qualifying renewable energy facilities and qualifying energy storage facilities; or (2) community energy proposals or community energy studies to reduce or replace the need for peaker plants. Entities that are eligible to receive grants include state or local governments, nonprofit organizations, community-owned energy generation facilities or energy storage facilities located in disadvantaged communities, community-based energy cooperatives, or certain partnerships.

DOE must also assess and report on the location of each peaker plant, the quantity and type of pollution each plant is producing, and related data as specified by the bill.

]]> PEAKER Act of 2021 Display Title PEAKER Act of 2021 Official Title as Introduced A bill to require the Secretary of Energy to submit to Congress an annual report on peaker plants in the United States and to provide financial incentives for replacing peaker plants with technology that receives, stores, and delivers energy generated by renewable energy resources, and for other purposes. Introduced in Senate IS Short Title(s) as Introduced PEAKER Act of 2021 Introduced in Senate IS Short Title(s) as Introduced Promoting Energy Alternatives is Key to Emission Reductions Act of 2021 Introduced in Senate IS Introduced in Senate 2021-05-11T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-117s1553is/xml/BILLS-117s1553is.xml 2021-05-11 Read twice and referred to the Committee on Finance. 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.