Energy Information Administration analysis of electricity cost components

(a) In general The Administrator, in consultation with the Commission, shall conduct and publish a standardized analysis, for each State, of changes over the preceding 7-year period in the principal electricity cost components reflected in retail electricity bills for residential customers and small business customers. (b) Contents The analysis conducted under this section shall, at a minimum— (1) identify changes, for each State, over the preceding 7-year period in each electricity cost component identified as applicable by the Administrator, including— (A) generation costs, including all costs incurred to generate or procure electric energy and resource adequacy necessary to serve customer load, regardless of whether such costs are recovered through competitive wholesale markets or cost of service regulation; (B) transmission-related costs; (C) electricity distribution costs; (D) State and local taxes and fees, including— (i) sales and use taxes on electricity; (ii) gross receipts taxes; and (iii) municipal utility taxes and other miscellaneous fees imposed by State or local governments as determined by the Administrator; and (E) State policy cost components; (2) distinguish, to the extent practicable, among Federal, State, and local policy-related costs, including taxes and public policy mandates; and (3) assess, to the extent practicable, the impacts of large load additions, including data centers, on electricity cost trends. (c) Market structure neutrality In conducting the analysis under this section, the Administrator shall identify electricity cost components in such a manner that enables comparison across States with differing electricity market structures, including States served by vertically integrated utilities and States with restructured or competitive retail electricity markets. (d) Data sources In conducting the analysis under this section, the Administrator shall leverage publicly available data, including— (1) Energy Information Administration Form 861 and related data sets; and (2) publicly available reports and analyses produced by independent market monitors for Regional Transmission Organizations and Independent System Operators, where applicable. (e) Consultation with the Commission The Commission shall provide technical assistance to the Administrator with respect to wholesale electricity, capacity, transmission, and ancillary services cost trends and related data under the Commission’s jurisdiction, including in regions with organized wholesale markets. (f) Report to Congress Not later than 180 days after the date of enactment of this Act, the Administrator shall submit to Congress a report on the results of the analysis conducted under this section.