42 U.S.C. § 8815 — Price guarantees

(a) Authority of Secretary^* concerned; minimum sales price Subject to sections 8812 and 8817 of this title, the Secretary concerned can commit to guarantee, and guarantee, that the price that the owner^* or operator of any biomass energy^* proj­ect will receive for all or part of the production from that project^* must not be less than a specified sales price determined as of the date of execution of the price guarantee or commitment to guarantee.

(b) Cost-plus arrangements as basis
(1) No price guarantee under this section can be based upon a cost-plus arrangement, or variant of it, which guarantees a profit to the owner or operator involved.
(2) The use of a cost-of-service pricing mechanism by a person^* pursuant to law, or by a regulatory body establishing rates for a regulated person, must not be deemed to be a cost-plus arrangement, or variant of it, for purposes of paragraph (1).

(c) Maximum dollar amount of liability of United States Each price guarantee, or commitment to guarantee, that is made under this section must specify the maximum dollar amount of liability of the United States under that guarantee.

(d) Renegotiation of sales price and maximum liability If the Secretary determines, in the discretion of the Secretary, that—
(1) a biomass energy project^* would not otherwise be satisfactorily completed or continued, and
(2) completion or continuation of such project would be necessary to achieve the purposes of this chapter, the sales price set forth in the price guarantee, and maximum liability under such guarantee, can be renegotiated.