§6245. Reports by Secretary to Congress; contents
(a) The Secretary shall report to the President and the Congress, not later than one year after the transmittal of the Strategic Petroleum Reserve Plan to the Congress and each year thereafter, on all actions taken to implement this part. Such report shall include-
(1) a detailed statement of the status of the Strategic Petroleum Reserve, including-
(A) an estimate of the final capacity of the Reserve and the scheduled annual fill rate for achieving such capacity;
(B) the scheduled quarterly fill rate for the 12-month period beginning on the date on which such report is transmitted;
(C) the type and quality of crude oil to be acquired for the Reserve pursuant to the schedule described in subparagraph (A);
(D) the schedule of construction of any facilities needed to achieve the final capacity of the Reserve, including a description of the type and location of such facilities and of enhancements and improvements to existing facilities;
(E) an estimate of the cost of acquiring crude oil and constructing facilities necessary to complete the Reserve;
(F) a description of the current distribution plan for using the Reserve, including the method of drawdown and distribution to be utilized; and
(G) an explanation of any changes made in the matters described in subparagraphs (A) through (F) since the transmittal of the previous report under this subsection;
(2) a summary of the actions taken to develop and implement the Strategic Petroleum Reserve Plan and the Early Storage Reserve Plan;
(3) an analysis of the impact and effectiveness of such actions on the vulnerability of the United States to interruption in supplies of petroleum products;
(4) a summary of existing problems with respect to further implementation of the Early Storage Reserve Plan and the Strategic Petroleum Reserve Plan; and
(5) any recommendations for supplemental legislation deemed necessary or appropriate by the Secretary to implement the provisions of this part.
(b)(1) On or before the fifteenth day of the second calendar quarter which begins after August 13, 1981, and every calendar quarter thereafter, the Secretary shall report to the Congress on activities undertaken with respect to the Strategic Petroleum Reserve under the amendments made by the Strategic Petroleum Reserve Amendments Act of 1981, including-
(A) the amounts of petroleum products stored in the Reserve, under contract and in transit at the end of the previous calendar quarter;
(B) the projected fill rate for the Strategic Petroleum Reserve for the then current calendar quarter and the previous calendar quarter;
(C) the average price of the petroleum products acquired during the previous calendar quarter;
(D) existing and projected Strategic Petroleum Reserve storage capacity and plans to accelerate the acquisition or construction of such capacity;
(E) an analysis of any existing or anticipated problems associated with acquisition, transportation, and storage of petroleum products in the Reserve and with the expansion of storage capacity for the Reserve; and
(F) the amount of funds obligated by the Secretary from the SPR Petroleum Account, as well as other funds available for the Reserve, during the previous calendar quarter and in total under the amendments made by such Act.
(2) The first report submitted under paragraph (1) shall include-
(A) a detailed statement on the planned use of the SPR Petroleum Account as well as other funds available for the Strategic Petroleum Reserve;
(B) a description of the current Strategic Petroleum Reserve Plan, including any proposed or anticipated amendments to the Plan; and
(C) detailed plans of the Secretary for acquisition or new construction of storage and related facilities.
(
References in Text
The Strategic Petroleum Reserve Amendments Act of 1981 and such Act, referred to in subsec. (b)(1), mean subtitle C of title X of
Amendments
1986-Subsec. (a)(1).
1981-
1978-
Effective Date of 1981 Amendment
Amendment by
Reports to Congress on Petroleum Supply Interruptions
"(a)
"(A) examine the equity and efficiency of such reliance,
"(B) distinguish between the impacts of such reliance on various categories of business (including small business and agriculture) and on households of different income levels,
"(C) specify the nature and administration of monetary and fiscal policies that would be followed including emergency tax cuts, emergency block grants, and emergency supplements to income maintenance programs, and
"(D) describe the likely impact on the distribution of petroleum products of State and local laws and regulations (including emergency authorities) affecting the distribution of petroleum products.
Such analysis shall include projections of the effect of the petroleum supply reduction on the price of motor gasoline, home heating oil, and diesel fuel, and on Federal tax revenues, Federal royalty receipts, and State and local tax revenues.
"(2) Within one year after the date of the enactment of this Act [Aug. 3, 1982], the Secretary of Energy shall submit a report to the Congress and the President containing the analysis required by this subsection, including a detailed step-by-step description of the procedures by which the policies specified in paragraph (1)(C) would be accomplished in an emergency, along with such recommendations as the Secretary of Energy deems appropriate.
"(b)
"(1) a description of the foreseeable situations (including selective and general embargoes, sabotage, war, act of God, or accident) which could result in a severe energy supply interruption or obligations of the United States arising under the international energy program necessitating distributions from the Strategic Petroleum Reserve, and
"(2) a description of the strategy or alternative strategies of distribution which could reasonably be used to respond to each situation described under paragraph (1), together with the theory and justification underlying each such strategy.
The description of each strategy under paragraph (2) shall include an explanation of the methods which would likely be used to determine the price and distribution of petroleum products from the Reserve in any such distribution, and an explanation of the disposition of revenues arising from sales of any such petroleum products under the strategy.
"(c)
"(1) an assessment of the ability to transport petroleum products to refiners, distributors, and end users within the regions specified in section 157(a) of such Act;
"(2) the comparative costs of creating and operating Regional Petroleum Reserves for such regions as compared to the costs of continuing current plans for the Strategic Petroleum Reserve; and
"(3) a list of potential sites for Regional Petroleum Reserves.
"(d)
"(e)
Section Referred to in Other Sections
This section is referred to in section 6241 of this title.