A bill to authorize a short-term program of grants to certain electric utilities to be passed through, in the form of credits toward electric bills, to consumers that reduce electric energy consumption and to establish an Electric Energy Conservation Fund to provide loans to utilities and nonprofit organizations to fund energy productivity projects.
Establishes the STEP Fund in the Treasury. Instructs the Secretary to establish a program making no-interest loans to utilities and nonprofit organizations to pay up to 100 percent of the cost of an energy productivity project. Requires an annual accounting by loan recipients.
Introduced in Senate
Read twice and referred to the Committee on Energy and Natural Resources.
checking server…
Ask anything about this bill. The AI reads the full text to answer.
Enter to send · Shift+Enter for new line