Sec. 7. Study on methods of electricity procurement and development
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Not later than 1 year after the date of enactment of this Act, the National Academies of Sciences, Engineering, and Medicine, in coordination with the Commission and the Department of Energy, shall conduct, and submit to the Committee on Energy and Natural Resources of the Senate and the Committee on Energy and Commerce of the House of Representatives and make available on a public website a report describing the results of, a study that identifies the potential benefits and other effects to consumers from— procuring generation from independent entities that are not utilities through a competitive process administered by— an Independent System Operator or a Regional Transmission Organization; or another independent entity; and generation and transmission that is financed, developed, or owned by— an entity described in subsection (b); any corporation that is wholly owned, directly or indirectly, by 1 or more entities described in that subsection; or cooperatives that furnish electricity to rural areas.
An entity referred to in subsection (a)(2)(A) is— the United States; a State; the District of Columbia; the Commonwealth of Puerto Rico; any other territory or possession of the United States; any political subdivision of an entity described in any of paragraphs
(2)through (5); a Tribal government; or any agency, authority, or instrumentality of any 1 or more entities described in paragraphs
(1)through (7). The study conducted under subsection
(a)shall— take into consideration, at a minimum, potential benefits with respect to— cost savings; improved grid reliability and resilience; and greenhouse gas reductions; compare the potential benefits identified under paragraph
(1)to the circumstances of consumers whose generation is not procured through a competitive process; and compare the potential benefits and effects identified under subsection (a)(2) to the circumstances of consumers whose generation and transmission is not financed and developed, directly or indirectly, by a public entity. There is authorized to be appropriated to carry out this section $5,000,000 for fiscal year 2024.