H.R. 1370 · 108th Congress
Interstate Transmission Act
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Never voted on. It didn't reach a floor vote before the 108th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
D
WynnSponsor1 cosponsor · 1 R
1 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.
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…
What it does: CRS summary · Introduced in House · Mar 19, 2003
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.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: Interstate Transmission Act
Latest action (Apr 10, 2003): Referred to the Subcommittee on Energy and Air Quality.
Policy area: Energy · Origin: House · Introduced: Mar 19, 2003
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.