Congress 107 - HR 1468 - Energy Price and Economic Stability Act of 2001

Sponsor

Cosponsors

Topics

Administrative procedure Administrative remedies Capital investments Civil actions and liability Commerce Compensation (Law) Consumer discounts Department of Energy Economics and Public Finance Electric power distribution Electric power production Electric power transmission Electric utility rates Energy Energy conservation Federal Energy Regulatory Commission Finance and Financial Sector Fines (Penalties) Government Operations and Politics Independent regulatory commissions Law Price policy Price regulation Rebates West (U.S.) Wholesale trade

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Votes

Summary

Energy Price and Economic Stability Act of 2001 - Instructs the Federal Energy Regulatory Commission to establish cost-of-service-based rates for electric energy (unless generated by a new generation facility) that is sold at wholesale, through April 30, 2003, for use in the area covered by the Western Systems Coordinating Council of the North American Electric Reliability Council.

Provides for State enforcement of this Act.

Instructs FERC to order refunds of rates and charges in the area covered by the Coordinating Council if electric energy sales were not just and reasonable.

Amends the Federal Power Act to prohibit any FERC order for emergency connection or exchange of facilities unless the person subject to such order has been guaranteed full payment or reimbursement by either the Federal or State government.

Actions

May 21, 2001

Sponsor introductory remarks on measure. (CR H2375)
Apr 25, 2001

Referred to the Subcommittee on Energy and Air Quality.
Apr 4, 2001

Referred to the House Committee on Energy and Commerce.
Apr 4, 2001

Introduced in House

Amendments

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