Energy Policy Act of 2005
The Energy Policy Act of 2005 (Pub. L. 109–58 (text) (PDF)) is a federal law signed by President George W. Bush on August 8, 2005, at Sandia National Laboratories in Albuquerque, New Mexico. The act, described by proponents as an attempt to combat growing energy problems, changed US energy policy by providing tax incentives and loan guarantees for energy production of various types. The most consequential aspect of the law was to greatly increase ethanol production [2] to be blended with gasoline. The law also repealed the Public Utility Holding Company Act of 1935, effective February 2006.[3]
Other short titles
- Coal Leasing Amendments Act of 2005
- Electricity Modernization Act of 2005
- Energy Policy Tax Incentives Act of 2005
- Energy Research, Development, Demonstration, and Commercial Application Act of 2005
- Energy Tax Incentives Act of 2005
- Federal Reformulated Fuels Act of 2005
- Indian Tribal Energy Development and Self-Determination Act of 2005
- EPAct 2005
- John Rishel Geothermal Steam Act Amendments of 2005
- National Geological and Geophysical Data Preservation Program Act of 2005
- No Oil Producing and Exporting Cartels Act of 2005
- NOPEC
- Oil Shale, Tar Sands, and Other Strategic Unconventional Fuels Act of 2005
- Price-Anderson Amendments Act of 2005
- Public Utility Holding Company Act of 2005
- SAFE Act
- Set America Free Act of 2005
- Spark M. Matsunaga Hydrogen Act of 2005
- Underground Storage Tank Compliance Act
An Act to ensure jobs for our future with secure, affordable, and reliable energy.
August 8, 2005
Cost estimate[edit]
The Congressional Budget Office (CBO) review of the conference version of the bill estimated the Act would increase direct spending by $2.2 billion over the 2006–2010 period, and by $1.6 billion over the 2006–2015 period. The CBO did not attempt to estimate additional effects on discretionary spending. The CBO and the Joint Committee on Taxation estimated that the legislation would reduce revenues by $7.9 billion over the 2005–2010 period and by $12.3 billion over the 2005–2015 period.