Page:United States Statutes at Large Volume 114 Part 3.djvu/1014

 114 STAT. 2036 PUBLIC LAW 106-469—NOV. 9, 2000 "(2) the acquisition of petroleum distillate for storage in the Reserve; "(3) the emticipated methods of disposition of petroleum distillate from the Reserve; "(4) the estimated costs of establishment, maintenance, and operation of the Reserve; "(5) efforts the Department will take to minimize any potential need for future drawdowns and ensure that distributors and importers are not discouraged from maintaining and increasing supplies to the Northeast; and "(6) actions to ensure quality of the petroleum distillate in the Reserve. "NORTHEAST HOME HEATING OIL RESERVE ACCOUNT 42 USC 6250c. "SEC. 184. (a) Upon a decision of the Secretary of Energy to establish a Reserve under this part, the Secretary of the Treasury shall establish in the Treasury of the United States an account known as the 'Northeast Home Heating Oil Reserve Account' (referred to in this section as the Account'). "(b) the Secretary of the Treasury shall deposit in the Account any amounts appropriated to the Account and any receipts from the sale, exchange, or other disposition of petroleum distillate from the Reserve. "(c) The Secretary of Energy may obligate amounts in the Account to carry out activities under this part without the need for further appropriation, and amounts available to the Secretary of Ener^ for obligation under this section shall remain available without nscal year limitation. "EXEMPTIONS 42 USC 6250d. "SEC. 185. An action taken under this part is not subject to the rulemaking requirements of section 523 of this Act, section 501 of the Department of Energy Organization Act, or section 553 of title 5, United States Code. "AUTHORIZATION OF APPROPRIATIONS 42 USC 6250e. "SEC. 186. There are authorized to be appropriated for fiscal years 2001, 2002, and 2003 such sums as may be necessary to implement this p£ut.". SEC. 202. USE OF ENERGY FUTURES FOR FUEL PURCHASES. (a) HEATING OIL STUDY.— The Secretary shall conduct a study on— (1) the use of energy futures and options contracts to provide cost-effective protection from sudden surges in the price of heating oil (including No. 2 fuel oil, propane, and kerosene) for State and local government agencies, consumer cooperatives, and other organizations that purchase heating oil in bulk to market to end use consumers in the Northeast (as defined in section 201); and (2) how to most effectively inform organizations identified in paragraph (1) about the benefits and risks of using energy futures and options contracts. (b) REPORT. — The Secretary shall transmit the study required in this section to the Committee on Commerce of the House of Representatives and the Committee on Energy and Natural

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