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United States · Bill · S

S. 944 (108th)

Renewable Energy Investment Act of 2003

referredUnited States· United States Congress· EN

Introduced

29 April 2003

Last action

29 April 2003 · Introduced

Status

Read twice and referred to the Committee on Energy and Natural Resources. (text of measure as introduced: CR S5491-5492)

Sponsors

Sen. Jeffords, James M. [I-VT], Sen. Durbin, Richard J. [D-IL], Sen. Reid, Harry [D-NV], Sen. Kerry, John F. [D-MA], Sen. Feinstein, Dianne [D-CA], Sen. Clinton, Hillary Rodham [D-NY]

Subjects

Energy

Source updated

24 March 2026

Energy

Official sourceDownload fileView documentsShare

Summary

Renewable Energy Investment Act of 2003 - Requires each retail electric supplier to submit annually to the Secretary of Energy renewable energy credits according to a prescribed annual percentage of the supplier's total amount of kilowatt-hours of nonhydropower electricity sold to consumers during the previous calendar year. Requires each retail electric supplier during a calendar year to generate a specified percentage of nonhydropower electricty by renewable energy sources, escalating from five percent during calendar 2006 through 2009 by five percent increments during subsequent five-year periods up to twenty percent in calendar 2020 and beyond. Directs the Secretary to establish a program to issue, monitor the sale or exchange of, and track renewable energy credits. Authorizes any entity that is issued or has acquired a renewable energy credit to sell or exchange it. Requires the Secretary to sell credits at prices determined by a certain formula. Subjects to a civil penalty a retail electric supplier who does not submit the requisite renewable energy credits. Authorizes the Secretary to distribute receipts from sales to the States in order to promote State renewable energy production and use.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

  1. 29 April 2003

    Introduced

    Read twice and referred to the Committee on Energy and Natural Resources. (text of measure as introduced: CR S5491-5492)

    Source: IntroReferral

  2. 29 April 2003

    Introduced

    Sponsor introductory remarks on measure. (CR S5491)

    Source: IntroReferral

  3. 29 April 2003

    Introduced

    Introduced in Senate

    Source: IntroReferral

Votes

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Versions

Documents

3 official files

Introduced in Senate (text)

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  • Introduced in Senate (text)

    Introduced in Senate · EN · 29 April 2003

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  • Introduced in Senate (PDF)

    Introduced in Senate · EN · 29 April 2003

    ViewDownloadOpen at official source

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  • Introduced in Senate

    summary · EN · 29 April 2003

    Open at official source

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Sponsors

Related records

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Sources

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