Page:United States Statutes at Large Volume 119.djvu/1004

 119 STAT. 986

PUBLIC LAW 109–58—AUG. 8, 2005

Subtitle J—Economic Dispatch SEC. 1298. ECONOMIC DISPATCH.

Part II of the Federal Power Act (16 U.S.C. 824 et seq.) is amended by adding at the end the following: 16 USC 824w.

‘‘SEC. 223. JOINT BOARDS ON ECONOMIC DISPATCH.

Establishment.

‘‘(a) IN GENERAL.—The Commission shall convene joint boards on a regional basis pursuant to section 209 of this Act to study the issue of security constrained economic dispatch for the various market regions. The Commission shall designate the appropriate regions to be covered by each such joint board for purposes of this section. ‘‘(b) MEMBERSHIP.—The Commission shall request each State to nominate a representative for the appropriate regional joint board, and shall designate a member of the Commission to chair and participate as a member of each such board. ‘‘(c) POWERS.—The sole authority of each joint board convened under this section shall be to consider issues relevant to what constitutes ‘security constrained economic dispatch’ and how such a mode of operating an electric energy system affects or enhances the reliability and affordability of service to customers in the region concerned and to make recommendations to the Commission regarding such issues. ‘‘(d) REPORT TO THE CONGRESS.—Within 1 year after enactment of this section, the Commission shall issue a report and submit such report to the Congress regarding the recommendations of the joint boards under this section and the Commission may consolidate the recommendations of more than one such regional joint board, including any consensus recommendations for statutory or regulatory reform.’’.

TITLE XIII—ENERGY POLICY TAX INCENTIVES

Energy Tax Incentives Act of 2005.

SEC. 1300. SHORT TITLE; AMENDMENT OF 1986 CODE. 26 USC 1 note. 26 USC 1 et seq.

(a) SHORT TITLE.—This title may be cited as the ‘‘Energy Tax Incentives Act of 2005’’. (b) AMENDMENT OF 1986 CODE.—Except as otherwise expressly provided, whenever in this title an amendment or repeal is expressed in terms of an amendment to, or repeal of, a section or other provision, the reference shall be considered to be made to a section or other provision of the Internal Revenue Code of 1986.

Subtitle A—Electricity Infrastructure SEC. 1301. EXTENSION AND MODIFICATION OF RENEWABLE ELECTRICITY PRODUCTION CREDIT. 26 USC 45.

VerDate 14-DEC-2004

08:19 Oct 26, 2006

(a) 2-YEAR EXTENSION FOR CERTAIN FACILITIES.—Section 45(d) (relating to qualified facilities) is amended— (1) by striking ‘‘January 1, 2006’’ each place it appears in paragraphs (1), (2), (3), (5), (6), and (7) and inserting ‘‘January 1, 2008’’, and

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