Sec. 3404. Report on price stabilization support
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/bill/114/s/2012/es/section-3404A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
In this section, the term electric generation unit means an electric generation unit that— uses coal-based generation technology; and is capable of capturing carbon dioxide emissions from the unit. Not later than 180 days after the date of enactment of this Act, the Secretary shall prepare and submit to the appropriate committees of Congress a report— on the benefits and costs of entering into long-term binding contracts on behalf of the Federal Government with qualified parties to provide price stabilization support for certain industrial sources for capturing carbon dioxide from electricity generated at an electric generation unit or carbon dioxide captured from an electric generation unit and sold to a purchaser for— the recovery of crude oil; or other purposes for which a commercial market exists; and that— contains an analysis of how the Department would establish, implement, and maintain a contracting program described in paragraph (1); and outlines options for how price stabilization contracts may be structured and regulations that would be necessary to implement a contracting program described in paragraph (1).