1. Short title This Act may be cited as the Updating Purchase Obligations to Deploy Affordable Resources to Energy Markets Under PURPA Act or the UPDATE PURPA Act . 2. Amendments to PURPA (a) Cogeneration and small power production rules Section 210 of the Public Utility Regulatory Policies Act of 1978 ( 16 U.S.C. 824a–3 ) is amended by striking subsection (a) and inserting the following: (a) Cogeneration and small power production rules (1) In general Not later than 1 year after the date of enactment of this Act, the Commission shall prescribe, and from time to time thereafter revise, rules as the Commission determines necessary to encourage cogeneration and small power production, and to encourage geothermal small power production facilities of not more than 80 megawatts capacity. (2) Requirements The rules under paragraph (1)— (A) shall require electric utilities to offer— (i) to sell electric energy to qualifying cogeneration facilities and qualifying small power production facilities; and (ii) to purchase electric energy from facilities described in clause (i); (B) shall be prescribed after consultation with representatives of Federal and State regulatory agencies having ratemaking authority for electric utilities, and after public notice and a reasonable opportunity for interested persons (including Federal and State agencies) to submit oral as well as written data, views, and arguments; (C) shall include provisions requiring— (i) minimum reliability of qualifying cogeneration facilities and qualifying small power production facilities (including reliability of those facilities during emergencies)