Sec. 2. Authorization of long-term power purchase agreements
93 words·~1 min read·
/bill/115/s/3422/is/section-2·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Section 501(b)(1) of title 40, United States Code, is amended by striking subparagraph
(B)and inserting the following: A contract under this paragraph to purchase electricity from a public utility may be for a period of not more than 40 years. A contract under this paragraph for a public utility service other than a service described in subclause
(I)may be for a period of not more than 10 years. The cost of a contract under this paragraph for any fiscal year may be paid from the appropriations for that fiscal year. .