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Reliable Investment in Vital Energy Reauthorization Act

Floor Speech

Date: Dec. 9, 2020
Location: Washington, DC

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Mr. PALLONE. Mr. Speaker, I move to suspend the rules and pass the bill (H.R. 3361) to amend the Energy Policy Act of 2005 to reauthorize hydroelectric production incentives and hydroelectric efficiency improvement incentives, and for other purposes.

The Clerk read the title of the bill.

The text of the bill is as follows: H.R. 3361

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 ``Reliable Investment in Vital Energy Reauthorization Act'' or the ``RIVER Act''. SEC. 2. HYDROELECTRIC PRODUCTION INCENTIVES AND EFFICIENCY IMPROVEMENTS.

(a) Hydroelectric Production Incentives.--Section 242 of the Energy Policy Act of 2005 (42 U.S.C. 15881) is amended--

(1) in subsection (c), by striking ``10'' and inserting ``22'';

(2) in subsection (e)(2), by striking ``section 29(d)(2)(B)'' and inserting ``section 45K(d)(2)(B)'';

(3) in subsection (f), by striking ``20'' and inserting ``32''; and

(4) in subsection (g), by striking ``each of the fiscal years 2006 through 2015'' and inserting ``each of fiscal years 2019 through 2036''.

(b) Hydroelectric Efficiency Improvement.--Section 243(c) of the Energy Policy Act of 2005 (42 U.S.C. 15882(c)) is amended by striking ``each of the fiscal years 2006 through 2015'' and inserting ``each of fiscal years 2019 through 2036''.

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Mr. PALLONE. 3361.

Mr. Speaker, I rise in strong support of H.R. 3361, the Reliable Investment in Vital Energy Reauthorization Act, or the RIVER Act. This bipartisan bill was introduced by Representatives McKinley, Tonko, and Loebsack.

Hydropower is a vital part of our clean energy portfolio, and the RIVER Act reauthorizes important hydroelectric production incentives established in the Energy Policy Act of 2005. The RIVER Act extends incentives that provide payments to owners or operators of hydroelectric facilities that are added to existing dams or conduits. Additionally, it reauthorizes efficiency improvement payments for improving facility efficiency.

I support this legislation, Mr. Speaker.

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Mr. PALLONE. Mr. Speaker, I have no speakers on this side, and I reserve the balance of my time.

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Mr. PALLONE. Mr. Speaker, I have no additional speakers, and I reserve the balance of my time.

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Mr. PALLONE. Mr. Speaker, I would also urge support for this bill, and I yield back the balance of my time.

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