Page:United States Statutes at Large Volume 119.djvu/702

 119 STAT. 684

PUBLIC LAW 109–58—AUG. 8, 2005 (1) by inserting after the items relating to part C of title I the following:

‘‘Sec. ‘‘Sec. ‘‘Sec. ‘‘Sec. ‘‘Sec.

181. 182. 183. 184. 185.

‘‘PART D—NORTHEAST HOME HEATING OIL RESERVE Establishment. Authority. Conditions for release; plan. Northeast Home Heating Oil Reserve Account. Exemptions.’’;

(2) by amending the items relating to part C of title II to read as follows: ‘‘PART C—SUMMER FILL AND FUEL BUDGETING PROGRAMS ‘‘Sec. 273. Summer fill and fuel budgeting programs.’’;

and

42 USC 6240 note.

Public information. Notice.

42 USC 6240 note.

VerDate 14-DEC-2004

08:19 Oct 26, 2006

(3) by striking the items relating to part D of title II. (d) AMENDMENT TO THE ENERGY POLICY AND CONSERVATION ACT.—Section 183(b)(1) of the Energy Policy and Conservation Act (42 U.S.C. 6250b(b)(1)) is amended by striking ‘‘by more’’ and all that follows through ‘‘mid-October through March’’ and inserting ‘‘by more than 60 percent over its 5-year rolling average for the months of mid-October through March (considered as a heating season average)’’. (e) FILL STRATEGIC PETROLEUM RESERVE TO CAPACITY.— (1) IN GENERAL.—The Secretary shall, as expeditiously as practicable, without incurring excessive cost or appreciably affecting the price of petroleum products to consumers, acquire petroleum in quantities sufficient to fill the Strategic Petroleum Reserve to the 1,000,000,000-barrel capacity authorized under section 154(a) of the Energy Policy and Conservation Act (42 U.S.C. 6234(a)), in accordance with the sections 159 and 160 of that Act (42 U.S.C. 6239, 6240). (2) PROCEDURES.— (A) AMENDMENT.—Section 160 of the Energy Policy and Conservation Act (42 U.S.C. 6240) is amended by inserting after subsection (b) the following new subsection: ‘‘(c) PROCEDURES.—The Secretary shall develop, with public notice and opportunity for comment, procedures consistent with the objectives of this section to acquire petroleum for the Reserve. Such procedures shall take into account the need to— ‘‘(1) maximize overall domestic supply of crude oil (including quantities stored in private sector inventories); ‘‘(2) avoid incurring excessive cost or appreciably affecting the price of petroleum products to consumers; ‘‘(3) minimize the costs to the Department of the Interior and the Department of Energy in acquiring such petroleum products (including foregone revenues to the Treasury when petroleum products for the Reserve are obtained through the royalty-in-kind program); ‘‘(4) protect national security; ‘‘(5) avoid adversely affecting current and futures prices, supplies, and inventories of oil; and ‘‘(6) address other factors that the Secretary determines to be appropriate.’’. (B) REVIEW OF REQUESTS FOR DEFERRALS OF SCHEDULED DELIVERIES.—The procedures developed under section 160(c) of the Energy Policy and Conservation Act, as added by subparagraph (A), shall include procedures and criteria

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