1. Short title This Act may be cited as the No Bonuses During Blackouts Act of 2019 . 2. Alternative minimum tax imposed on certain State regulated electric utilities (a) In general Section 55(a) of the Internal Revenue Code of 1986 is amended by inserting a corporation described in subsection (f) or after In the case of . (b) Certain State regulated electric utilities Section 55 of the Internal Revenue Code of 1986 is amended by adding at the end the following new subsection: (f) Certain State regulated electric utilities (1) In general A corporation is described in this subsection if it is— (A) a State regulated electric utility (as such term is defined in section 3(18) of the Public Utility Regulatory Policies Act of 1978), (B) a debtor in a case commenced under title 11 of the United States Code on January 29, 2019, and (C) a corporation that— (i) makes payments, other than payments of salary, that are incentive-based cash payments to any of the 13 highest-compensated employees of such corporation, or (ii) owns or leases infrastructure other than climate-resilient infrastructure. (2) Climate-resilient infrastructure For purposes of this section, the term climate-resilient infrastructure means infrastructure with the ability to reduce the impact of major weather events and natural disasters. (3) Special rule for affiliated groups If any member of an affiliated group of corporations that files a consolidated return is a corporation described in this subsection, all members of such group shall be considered corporations described in this subsection for purposes of chapter 6 of the Internal Revenue Code of 1986. . (c) Conforming Amendments (1) Section 38(c)(6) of the Internal Revenue Code of 1986 is amended by inserting described in section 55(f) after In the case of a corporation . (2) Section 53(d)(2) of such Code is amended by inserting described in section 55(f) after in the case of a corporation . (3) Section 55(b)(1) of such Code is amended to read as follows: (1) Amount of tentative tax (A) Noncorporate