Extends funding for energy infrastructure reinvestment and requires applications for emergency energy generation.
The Build More Power Act amends the Energy Policy Act of 2005 to extend the availability of funds and commitment authority for energy infrastructure reinvestment financing until 2032. It also requires the Secretary of Energy to solicit applications for a guarantee for projects related to energy infrastructure required to generate electric energy during an emergency. The Secretary must submit a report to Congress detailing the projects, the amount of electric capacity added, the total principal amount of guarantees made, and recommendations for incentivizing upgrades to aging coal facilities.
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