A bill to establish fiscal incentives for the conversion of existing petroleum-fired and natural gas fired powerplants and fuel burning installations to coal as a primary energy source.
Coal Substitution Incentive Act - Amends the Energy Supply and Environmental Coordination Act of 1974 to authorize the Administrator of the Federal Energy Administration to make and guarantee loans to assist industries in the purchase and installation of air pollution control devices for coal-fired boilers and heating devices. Limits the aggregate amount of outstanding loan guarantees to $5,000,000,000. Limits the aggregate amount of outstanding loans to $1,000,000,000.
Establishes additional criteria and limitations on the making of such loans and guarantees. Stipulates that no such commitments shall be made after January 1, 1985.
Authorizes the appropriation of $200,000,000 for each of fiscal years 1978 through 1982 for the purposes of this Act.
Stipulates that priority consideration shall be given to requests for assistance by facilities in receipt of coal conversion orders issued by the Administrator under the Energy Supply and Environmental Coordination Act of 1974.
Referred to House Committee on Interstate and Foreign Commerce.
Introduced in House
Introduced in House
Referred to House Committee on Banking, Finance and Urban Affairs.
Referred to House Committee on Interstate and Foreign Commerce.
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