Page:United States Statutes at Large Volume 90 Part 1.djvu/1180

 90 STAT. 1130

PUBLIC LAW 94-385—AUG. 14, 1976 REPORTS

SEC. 109. (a) Section 15 of the P'ederal Energy Administration 15 USC 774. Act of 1974 is amended— (1) by striking out subsection (a) thereof; and (2) by redesignating subsections (b), (c), (d), and (e) as subsections (a), (b), (c),and (d), respectively. (b) Section 15(b) of such Act (as redesignated by subsection (a) of this section) is amended— ' '• ' • (1) by striking out "and" in paragraph (4) after "period;"; (2) in paragraph (5) by striking out the period at the end thereof and inserting in lieu thereof "; and"; and (3) by inserting at the end of such subsection the following: Energy analysis. "(6) an analysis of the energy needs of the United States and the methods by which such needs can be met, including both tax and nontax proposals and energy conservation strategies. In the first annual report submitted after the date of enactment of the Energy Conservation and Production Act, the Administrator shall include in such report with respect to the analysis referred to in paragraph (6) a specific discussion of the utility and relative benefits of employing a Btu tax as a means for obtaining national energy goals.", (c) Section 15 of such Act (as amended by this section) is further amended by adding at the end thereof the following: "(e) The analysis referred to in subsection (b)(6) shall include, for each of the next five fiscal years following the year in which the annual report is submitted and for the tenth fiscal year following such year— "(1) the effect of various conservation programs on such energy needs; "(2) the alternate methods of meeting the energy needs identified in such annual report and of— "(A) the relative capital and other economic costs of each such method; "(B) the relative environmental, national security, and balance-of-trade risks of each such method; "(C) the other relevant advantages and disadvantages of each such method; and Legislative " (3) recommendations for the best method or methods of meetrecommendations, jjjg li^Q energy needs identified in such annual report and for legislation needed to meet those needs. Notwithstanding the termination of this Act, the President shall designate an appropriate Federal agency to conduct the analysis specified in subsection (b)(6).". (d) Section 18(d) of the Federal Energy Administration Act of 15 USC 777. 1974 is amended by striking out "a report every six months" and inserting in lieu thereof "an annual report". AUTHORIZATIONS OF APPROPRIATIONS

SEC. 110. Section 29 of the Federal Energy Administration Act of 15 USC 761 note. 1974 is amended to read as follows: "SEC. 29. (a) There are authorized to be appropriated to the Federal Energy Administration the following sums: "(1) subject to the restrictions specified in subsection (b), to carry out the functions identified as assigned to Executive Direction and Administration of the Federal Energy Administration as of January 1, 1976—

�