Bill > S1274

This bill amends the National Energy Conservation Policy Act to allow federal agencies to enter into longer contracts for purchasing energy, specifically renewable energy or energy from cogeneration facilities, which are power plants that produce both electricity and useful heat. Currently, there are limitations on how long these contracts can be, but this bill proposes to extend that limit to a maximum of 30 years, providing more flexibility for agencies to secure these types of energy sources. To help agencies utilize this new authority, the bill also requires the Secretary of Energy, through the Federal Energy Management Program, to create a standardized contract template with common commercial terms and conditions for acquiring renewable energy and cogeneration. Additionally, the Secretary will offer technical assistance to agencies to help them implement these longer-term energy contracts.