Reinvigorating American Energy Infrastructure Act
A BILL
To amend the Energy Policy Act of 2005 to provide that certain coal-fired power plants are eligible for loan guarantees, and for other purposes.
2. Expansion of fossil energy loan guarantees
“(e) Coal-Fired electric generating units
“(1) In general—The Secretary may make guarantees for the following coal-fired electric generating projects:
“(A) Large-scale hele units—Large-scale high-efficiency, low-emissions coal-fired electric generating units—
“(i) not less than 65 percent of the annual net energy output of which is used to generate electricity;
“(ii) that have a maximum design (nameplate) generating capacity that is not less than 350 megawatts;
“(iii) that derive not less than 65 percent of the annual heat input from coal or 1 or more coal derived fuels;
“(iv) that have been designed to achieve an overall generation efficiency of not less than 40 percent;
“(v) that have the capability of accommodating the equipment that might be necessary in the future to capture the carbon dioxide emissions from the unit; and
“(vi) that, to the maximum extent practicable, minimize water consumption.
“(B) Small-scale hele units—Small-scale, high-efficiency, low-emissions coal-fired electric generating units—
“(i) not less than 65 percent of the annual net energy output of which is used to generate electricity;
“(ii) that employ a modular design that maximizes the benefits of high-quality, low-cost shop fabrication to minimize construction costs and project cycle time;
“(iii) that have a maximum design (nameplate) generating capacity that is less than 350 megawatts;
“(iv) that derive not less than 65 percent of the annual heat input from coal or 1 or more coal derived fuels;
“(v) that have been designed to achieve an overall generation efficiency of not less than 40 percent;
“(vi) that have the capability of accommodating the equipment that might be necessary in the future to capture the carbon dioxide emissions from the unit;
“(vii) that have a load following capability down to 25 percent of maximum continuous rating for the unit;
“(viii) that have the capability to achieve high ramp rates of not less than 4 percent of the maximum continuous rating per minute of the unit; and
“(ix) that, to the maximum extent practicable, minimize water consumption.
“(2) Fees—The Secretary shall not require with respect to a project receiving a guarantee under paragraph (1)—
“(A) any payment under section 1702(b) for the cost of the guarantee; or
“(B) the payment of—
“(i) any fees to cover administrative expenses under section 1702(h); or
“(ii) any other fees under this title, including application fees, facility fees, and maintenance fees.
“(3) Streamlined permitting—A project receiving a guarantee under paragraph (1) shall be considered to be a covered project under title XLI of the FAST Act (42 U.S.C. 4370m et seq.).”
“(b) Specific appropriation or contribution—Except as provided in section 1703(e)(2)(A), no guarantee”