Interstate Transmission Act

Bill: 108-hr-1370
Sponsor: Rep. Wynn, Albert Russell [D-MD-4]
Introduced: 2003-03-19 in the House
Policy area: Energy
Subjects: Administrative procedure
Administrative remedies
Affiliated corporations
Antitrust law
Canada
Capital gains tax
Capital investments
Civil Rights and Liberties, Minority Issues
Civil actions and liability
Commerce
Competition
Corporate reorganizations
Department of Energy
Electric power production
Electric power transmission
Electric utilities
Electric utility rates
Eminent domain
Energy facilities
Energy prices
Federal Energy Regulatory Commission
Federal advisory bodies
Federal preemption
Finance and Financial Sector
Fines (Penalties)
Foreign Trade and International Finance
Gas companies
Gas industry
Government Operations and Politics
Government paperwork
Holding companies
Income tax
Independent regulatory commissions
Injunctions
Interstate commerce
Latin America
Law
Licenses
Mexico
Natural gas
Partnerships
Public Lands and Natural Resources
Public interest
Regional planning
Restrictive trade practices
Right-of-way
Science, Technology, Communications
Standards
State laws
Stocks
Tax exclusion
Taxation
Technological innovations
Trade agreements
Trade negotiations
Transportation and Public Works
Wholesale trade

Summary:
action_date: 2003-03-19
text: 
Interstate Transmission Act- Amends the Federal Power Act to direct the Federal Energy Regulatory Commission (FERC) to establish transmission pricing policies and standards for promoting the expansion of interstate transmission networks through incentive-based, performance-based, participant-funded, and/or cost-based rate treatments to ensure reliability of the electric system, to support interstate wholesale markets for electric power, and to expand transmission transfer capacity needed for wholesale competition.
 
Grants FERC jurisdiction over Electric Reliability Organizations certified by FERC to establish and enforce reliability standards for the bulk-power system.
 
Exempts Hawaii and Alaska from application of this Act.
 
Repeals the requirement for FERC prior authorization of the disposition of public utility facilities.
 
Authorizes FERC to promote voluntary development of regional transmission organizations, independent transmission providers, and similar organizations in order to enhance electric energy transmission in interstate commerce.
 
Creates State and Federal authority to site transmission facilities.
 
Amends the Public Utility Holding Company Act to exclude from its purview a multistate independent transmission company or any action to otherwise affect such an organization.
 
Amends the Internal Revenue Code to treat as an involuntary conversion, for which no gain shall be recognized for capital gains tax purposes, any disposition to an independent transmission company of property, stock, or partnership interest in an entity whose principal trade or business provides electric transmission services, if the transaction is meant to implement FERC or State electric restructuring policy.


Legislative actions:
action_date: 2003-04-10
text: Referred to the Subcommittee on Energy and Air Quality.
action_date: 2003-03-19
text: Referred to the Committee on Energy and Commerce, and in addition to the Committee on Ways and Means, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
action_date: 2003-03-19
text: Referred to the Committee on Energy and Commerce, and in addition to the Committee on Ways and Means, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
action_date: 2003-03-19
text: Referred to the Committee on Energy and Commerce, and in addition to the Committee on Ways and Means, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
action_date: 2003-03-19
text: Introduced in House
action_date: 2003-03-19
text: Introduced in House