Home > 106th Congressional Bills > H.R. 555 (ih) To require States to equalize funding for education throughout the State. [Introduced in House] ...
H.R. 555 (ih) To require States to equalize funding for education throughout the State. [Introduced in House] ...
106th CONGRESS
2d Session
H. R. 5559
To require the Federal Energy Regulatory Commission to establish a
temporary bid cap on electric power sold at wholesale in New York
State.
_______________________________________________________________________
IN THE HOUSE OF REPRESENTATIVES
October 25, 2000
Mr. Weiner introduced the following bill; which was referred to the
Committee on Commerce
_______________________________________________________________________
A BILL
To require the Federal Energy Regulatory Commission to establish a
temporary bid cap on electric power sold at wholesale in New York
State.
Be it enacted by the Senate and House of Representatives of the
United States of America in Congress assembled,
SECTION 1. SHORT TITLE.
This Act may be cited as the ``New York Electricity Price Spike
Relief Act''.
SEC. 2. TEMPORARY BID CAP ON NEW YORK POWER SALES.
The Federal Energy Regulatory Commission shall, immediately after
the enactment of this Act, issue an order establishing a temporary bid
cap of $250 per MWh for wholesale power sales to the New York
Independent System Operator. Such order shall remain in effect for a
period of 6 months after the date of issuance.
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