§16423 Advanced Power System Technology Incentive Program

Summary

The Secretary can create a program to pay owners or operators of certain advanced power system facilities. The payments are meant to boost electricity production and help protect important government, industrial, and commercial processes. Payments are made only after an applicant files and shows they qualify as one of two kinds of facilities. If funds are available, payments are 1.8 cents per kilowatt-hour for qualifying advanced facilities, plus 0.7 cents per kilowatt-hour extra for qualifying security and assured power facilities. Payments cover up to the first 10,000,000 kilowatt-hours per facility each fiscal year. A qualifying advanced facility uses advanced fuel cells, turbines, hybrid systems, or power storage to make or store electricity. A qualifying security and assured power facility is one the Secretary, with the Secretary of Homeland Security, finds needs secure, reliable, rapidly available, high-quality power. Up to $10,000,000 is authorized for each fiscal year 2006 through 2012 for the program.