(a) In generalThe Tennessee Valley Authority shall conduct a least-cost planning program in accordance with this section.
(b) Conduct of program(1) In generalIn conducting a least-cost planning program under subsection (a), the Tennessee Valley Authority shall employ and implement a planning and selection process for new energy resources which evaluates the full range of existing and incremental resources (including new power supplies, energy conservation and efficiency, and renewable energy resources) in order to provide adequate and reliable service to electric customers of the Tennessee Valley Authority at the lowest system cost.
(2) Planning and selection processThe planning and selection process referred to in paragraph (1) shall—(A) take into account necessary features for system operation, including diversity, reliability, dispatchability, and other factors of risk;
(B) take into account the ability to verify energy savings achieved through energy conservation and efficiency and the projected durability of such savings measured over time; and
(C) treat demand and supply resources on a consistent and integrated basis.
(3) “System cost” definedAs used in paragraph (1), the term “system cost” means all direct and quantifiable net costs for an energy resource over its available life, including the cost of production, transportation, utilization, waste management, environmental compliance, and, in the case of imported energy resources, maintaining access to foreign sources of supply.
(c) Participation by distributors(1) In generalIn conducting a least-cost planning program under subsection (a), the Tennessee Valley Authority shall—(A) provide an opportunity for distributors of the Tennessee Valley Authority to recommend cost-effective energy efficiency opportunities, rate structure incentives, and renewable energy proposals for inclusion in such program; and
(B) encourage and assist such distributors in the planning and implementation of cost-effective energy efficiency options.
(2) AssistanceThe Tennessee Valley Authority shall provide appropriate assistance to distributors under paragraph (1)(B). Such assistance shall, where cost effective, be provided by the Tennessee Valley Authority acting through, or in cooperation with, an association of distributors. Such assistance may include publications, workshops, conferences, one-on-one assistance, financial assistance, equipment loans, technology assessment studies, marketing studies, and other appropriate mechanisms to transfer information on energy efficiency and renewable energy options and programs to customers.
(d) Public review and commentBefore the selection and addition of a major new energy resource on the Tennessee Valley Authority system, the Tennessee Valley Authority shall provide an opportunity for public review and comment and shall include a description of any such action in an annual report to the President and Congress.
(e) Exemption from certain requirementsThe Tennessee Valley Authority shall not be subject to the least-cost planning requirements contained in section 2621(d) of this title or any similar requirement which might arise out of the Tennessee Valley Authority’s electric power transactions with the Southeastern Power Administration.
Structure US Code
CHAPTER 12A— TENNESSEE VALLEY AUTHORITY
§ 831a. Membership, operation, and duties of the Board of Directors
§ 831b–1. Acceptance of services of volunteers
§ 831c. Corporate powers generally; eminent domain; construction of dams, transmission lines, etc.
§ 831c–2. Civil actions for injury or loss of property or personal injury or death
§ 831e. Officers and employees; nonpolitical appointment; removal for violation
§ 831g. Principal office of Corporation; books; directors’ oath
§ 831h. Annual financial statement; purchases and contracts; audit by Comptroller General
§ 831m–1. Tennessee Valley Authority least-cost planning program
§ 831n. Bonds for future construction; amount, terms, and conditions
§ 831n–1. Bonds to carry out provisions of section 831k–1; amount, terms, and conditions
§ 831n–2. Bonds; limitation of issuance under sections 831n and 831n–1
§ 831n–3. Use of funds; limitation of issuance
§ 831n–4. Bonds for financing power program
§ 831o. Completion of unfinished plants authorized
§ 831q. Eminent domain; contracts for relocation of railroads, highways, industrial plants, etc.
§ 831s. Possession by Government in time of war; damages to contract holders
§ 831t. Offenses; fines and punishment
§ 831u. Surveys; cooperation with States or other agencies
§ 831v. Legislation to carry out purposes of chapter; recommendation by President
§ 831x. Condemnation proceedings; institution by Corporation; venue
§ 831y. Net proceeds over expense payable into Treasury
§ 831z. Authorization of appropriations
§ 831bb. Reservation of right to amend or repeal
§ 831dd. Liberal construction of chapter; sale of surplus lands