To amend title VI of the Public Utility Regulatory Policies Act of 1978 to establish a Federal renewable electricity standard for retail electricity suppliers, and for other purposes.

On September 17, 2026, Representative Yvette Clarke (D-NY) introduced HR10489, a bill to amend the Public Utility Regulatory Policies Act of 1978 to establish a federal renewable electricity standard (RES) for retail electricity suppliers. The bill was referred to the House Committee on Energy and Commerce. It is in the earliest legislative stage with no cosponsors and no companion bill in the Senate. The bill does not specify a funding amount; it is an authorization bill that sets a compliance standard, not an appropriation. The mechanism would require retail electricity suppliers to source a defined percentage of their electricity sales from renewable sources, with penalties for non-compliance. The exact percentage and timeline are not detailed in the bill title, but typical RES proposals range from 20-50% by 2030-2040. The money trail flows through compliance markets: utilities must either build or buy renewable generation and renewable energy certificates (RECs). This creates revenue for renewable project developers and equipment manufacturers. No convergence signals were identified in the provided data, so this bill stands as an isolated policy signal. Structural winners are pure-play renewable energy companies: Enphase Energy ($ENPH) benefits from increased distributed solar deployment; First Solar ($FSLR) gains from utility-scale solar demand; NextEra Energy ($NEE) as the largest renewable generator sees higher REC and PPA revenue; GE Vernova ($GEV) supplies wind turbines and grid equipment. Traditional fossil-heavy utilities face compliance costs but can recover through regulated rates, making their net impact neutral to slightly negative. The legislative timeline is uncertain: the bill must pass the House Energy and Commerce Committee, the full House, the Senate, and be signed by the President. Given the divided Congress and early stage, passage probability is low in the near term, but the introduction signals growing political support for federal clean energy mandates.