[Congressional Bills 114th Congress]
[From the U.S. Government Publishing Office]
[S. 1272 Introduced in Senate (IS)]

114th CONGRESS
  1st Session
                                S. 1272

  To direct the Comptroller General of the United States to conduct a 
 study on the effects of forward capacity auctions and other capacity 
                              mechanisms.


_______________________________________________________________________


                   IN THE SENATE OF THE UNITED STATES

                              May 11, 2015

Mr. Markey (for himself and Ms. Warren) introduced the following bill; 
   which was read twice and referred to the Committee on Energy and 
                           Natural Resources

_______________________________________________________________________

                                 A BILL


 
  To direct the Comptroller General of the United States to conduct a 
 study on the effects of forward capacity auctions and other capacity 
                              mechanisms.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. GAO CAPACITY MARKET IMPACT STUDY AND REPORT.

    Not later than 180 days after the date of enactment of this Act, 
the Comptroller General of the United States shall--
            (1) conduct a study of the effects of forward capacity 
        auctions or other capacity mechanisms that have been 
        established by Independent System Operators or Regional 
        Transmission Organizations on--
                    (A) consumer prices for electricity;
                    (B) the installation of new electrical generation 
                systems;
                    (C) the preservation of existing electrical 
                generation systems; and
                    (D) competition in energy markets, including the 
                potential for the use of undue market power or 
                manipulation in the auctions; and
            (2) submit to the appropriate committees of Congress a 
        report describing the results of the study conducted under 
        paragraph (1), including an assessment of whether the auctions 
        or capacity mechanisms are producing rates that are just and 
        reasonable.
                                 <all>