section 1241 of the Energy Policy Act
(PL 109-58, 119 Stat. 594 2005) adds a news section 219 to the
Federal Power Act mandating that no later than a year after
enactment of section 219, FERC is to establish, by rule,
incentive-based (including performance- based) rate treatments for
the transmission of electric energy in interstate commerce by
public utilities for the purpose of benefiting consumers by
ensuring reliability and reducing the costs of delivered power by
reducing transmission congestion. In RM06-4-000 NOPR, FERC is
proposing to promote greater capital investment in new transmission
capacity. The need for ..........
US Code:
16
USC 824(d) Name of Law: Federal Power Act
PL: Pub.L. 105 - 58 1241 Name of Law: Energy
Policy Act 2005
Sect. 1241 Energy Policy Act
2005 (P.L. 109-58, 119 Stat. 594, 2005) adds new section 219 to
Federal Power Act mandating that no later than a year after
enactment of sect. 219, FERC is to establish, by rule, incentive
and performance-based rate treatments for transmission of electric
energy in interstate commerce by public utilities for the purpose
of benefiting consumers by ensuring reliability, reducing the cost
of delivered power and reducing transmission congestion. In
RM06-4-000 Final Rule, FERC is promoting greater capital investment
in new transmission capacity. The need for capital investment in
energy infrastructure is national problem that requires a national
solution. Inadequate transmission infrastructure results in
transmission congestion that impedes competitive wholesale markets
and impairs the reliability of the electric grid.
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