Interstate Transmission Act

Bill: 109-hr-1481
Sponsor: Rep. Wynn, Albert Russell [D-MD-4]
Introduced: 2005-04-05 in the House
Policy area: Energy
Subjects: Administrative fees
Administrative procedure
Administrative remedies
Canada
Capital investments
Commerce
Congress
Congressional reporting requirements
Construction costs
Consumer protection
Department of Energy
Depreciation and amortization
Economics and Public Finance
Electric power transmission
Electric utilities
Electric utility rates
Eminent domain
Energy facilities
Environmental Protection
Environmental assessment
Federal Energy Regulatory Commission
Federal advisory bodies
Federal preemption
Finance and Financial Sector
Fines (Penalties)
Foreign Trade and International Finance
Government Operations and Politics
Government paperwork
Governmental investigations
Income tax
Independent regulatory commissions
Infrastructure
Infrastructure (Economics)
Interstate commerce
Interstate compacts
Latin America
Law
Licenses
Mexico
Public Lands and Natural Resources
Public interest
Regional planning
Restrictive trade practices
Right-of-way
Science, Technology, Communications
Standards
State laws
Tax deductions
Taxation
Technological innovations
Trade agreements
Trade negotiations
Transportation and Public Works

Summary:
action_date: 2005-04-05
text: 
Interstate Transmission Act - Amends the Federal Power Act to direct the Federal Energy Regulatory Commission (FERC) to establish, by rule, incentive-based, performance-based, participant-funded, and cost-based rate treatments for the transmission of electric energy in interstate commerce by public utilities.
 
Grants FERC jurisdiction over an Electric Reliability Organization (ERO) certified by FERC, regional entities, and all users, owners, and operators of the bulk-power system, for purposes of approving reliability standards and enforcing compliance with this Act.
 
Prescribes guidelines for ERO certification and reliability standards.
 
Urges the President to negotiate international agreements with the governments of Canada and Mexico to provide for: (1) effective compliance with reliability standards; and (2) the effectiveness of the ERO in the United States and Canada or Mexico.
 
Instructs FERC to establish a regional advisory body on the petition of at least two-thirds of the States within a region that have more than one-half of their electric load served within the region.
 
Exempts Hawaii and Alaska from application of electric reliability standards under this Act.
 
Repeals the requirement for FERC prior authorization of the disposition of public utility facilities.
 
Prescribes FERC preferences for the formation of a transmission organization.
 
Prescribes guidelines for the designation as a national interest electric transmission corridor of any geographic area experiencing or likely to experience electric energy transmission capacity constraints or congestion that adversely affects consumers. 
 
Grants FERC permitting authority for the construction or modification of electric transmission facilities in a national interest electric transmission corridor. 
 
Grants the consent of Congress to three or more contiguous States to enter into an interstate compact establishing regional transmission siting agencies to facilitate siting of future electric energy transmission facilities within such States and to carry out the electric energy transmission siting responsibilities of such States.
 
Amends the Internal Revenue Code to treat electric transmission property as 15-year property for depreciation income tax deduction purposes under the accelerated cost recovery system.


Legislative actions:
action_date: 2005-04-22
text: Referred to the Subcommittee on Energy and Air Quality.
action_date: 2005-04-05
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: 2005-04-05
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: 2005-04-05
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: 2005-04-05
text: Introduced in House
action_date: 2005-04-05
text: Introduced in House