627
(1) Section 201(b)(2) of such Act (16 U.S.C.
824(b)(2)) is amended as follows:
(A) In the first sentence by striking ‘‘210,
211, and 212’’ and inserting ‘‘203(a)(2),
206(e), 210, 211, 211A, 212, 215, 216, 217,
218, 219, 220, 221, and 222’’.
(B) In the second sentence by striking
‘‘210 or 211’’ and inserting ‘‘203(a)(2), 206(e),
210, 211, 211A, 212, 215, 216, 217, 218, 219,
220, 221, and 222’’.
(C) Section 201(b)(2) of such Act is
amended by striking ‘‘The’’ in the first place it
appears and inserting ‘‘Notwithstanding section
201(f), the’’ and in the second sentence after
‘‘any order’’ by inserting ‘‘or rule’’.
(2) Section 201(e) of such Act is amended by
striking ‘‘210, 211, or 212’’ and inserting ‘‘206(e),
206(f), 210, 211, 211A, 212, 215, 216, 217, 218,
219, 220, 221, and 222’’.
(3) Section 206 of such Act (16 U.S.C. 824e)
is amended as follows:
(A) In subsection (b), in the seventh sen-
tence, by striking ‘‘the public utility to make’’.
628
(B) In the first sentence of subsection (a),
by striking ‘‘hearing had’’ and inserting ‘‘hear-
ing held’’.
(4) Section 211(c) of such Act (16 U.S.C.
824j(c)) is amended by—
(A) striking ‘‘(2)’’;
(B) striking ‘‘(A)’’ and inserting ‘‘(1)’’
(C) striking ‘‘(B)’’ and inserting ‘‘(2)’’;
and
(D) striking ‘‘termination of modification’’
and inserting ‘‘termination or modification’’.
(5) Section 211(d)(1) of such Act (16 U.S.C.
824j(d)(1)) is amended by striking ‘‘electric utility’’
the second time it appears and inserting ‘‘transmit-
ting utility’’.
(6) Section 315 (c) of such Act (16 U.S.C.
825n(c)) is amended by striking ‘‘subsection’’ and
inserting ‘‘section’’.
Subtitle K—Economic Dispatch
SEC. 1298. ECONOMIC DISPATCH.
Part II of the Federal Power Act (16 U.S.C. 824 et
seq.) is amended by adding at the end the following:
‘‘SEC. 223. JOINT BOARDS ON ECONOMIC DISPATCH.
‘‘(a) IN GENERAL.—The Commission shall convene
joint boards on a regional basis pursuant to section 209
629
of this Act to study the issue of security constrained eco-
nomic dispatch for the various market regions. The Com-
mission shall designate the appropriate regions to be cov-
ered by each such joint board for purposes of this section.
‘‘(b) MEMBERSHIP.—The Commission shall request
each State to nominate a representative for the appro-
priate regional joint board, and shall designate a member
of the Commission to chair and participate as a member
of each such board.
‘‘(c) POWERS.—The sole authority of each joint
board convened under this section shall be to consider
issues relevant to what constitutes ‘security constrained
economic dispatch’ and how such a mode of operating an
electric energy system affects or enhances the reliability
and affordability of service to customers in the region con-
cerned and to make recommendations to the Commission
regarding such issues.
‘‘(d) REPORT TO THE CONGRESS.—Within one year
after enactment of this section, the Commission shall issue
a report and submit such report to the Congress regarding
the recommendations of the joint boards under this section
and the Commission may consolidate the recommenda-
tions of more than one such regional joint board, including
any consensus recommendations for statutory or regu-
latory reform.’’.
630
TITLE XIII—ENERGY TAX
INCENTIVES
SEC. 1300. SHORT TITLE; ETC.
(a) SHORT TITLE.—This title may be cited as the
‘‘Enhanced Energy Infrastructure and Technology Tax
Act of 2005’’.
(b) AMENDMENT OF 1986 CODE.—Except as other-
wise expressly provided, whenever in this title an amend-
ment or repeal is expressed in terms of an amendment
to, or repeal of, a section or other provision, the reference
shall be considered to be made to a section or other provi-
sion of the Internal Revenue Code of 1986.
Subtitle A—Energy Infrastructure
Tax Incentives
SEC. 1301. NATURAL GAS GATHERING LINES TREATED AS 7-
YEAR PROPERTY.
(a) IN GENERAL.—Subparagraph (C) of section
168(e)(3) (relating to classification of certain property) is
amended by striking ‘‘and’’ at the end of clause (iii), by
redesignating clause (iv) as clause (v), and by inserting
after clause (iii) the following new clause:
‘‘(iv) any natural gas gathering line,
and’’.