§16423 Advanced Power System Technology Incentive Program

Summary

Creates a program that pays incentives to owners or operators of certain advanced power facilities to boost electricity generation and protect critical government, industrial, and commercial operations. The Secretary may pay 1.8 cents per kilowatt-hour for electricity from a qualifying advanced power system technology facility, and an extra 0.7 cents per kilowatt-hour if the facility is also a qualifying security and assured power facility. Payments require an application and can cover up to 10,000,000 kilowatt-hours per facility each fiscal year. Qualifying advanced power system technology facility: uses advanced fuel cells, turbines, hybrid systems, or power storage to make or store electricity. Qualifying security and assured power facility: one the Secretary, with the Secretary of Homeland Security, finds needs secure, reliable, fast, high-quality power for critical uses. The law authorizes $10,000,000 each year for fiscal years 2006 through 2012.