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[DOCID: f:h264ih.txt]






107th CONGRESS
  1st Session
                                H. R. 264

 To require the Federal Energy Regulatory Commission to return to the 
cost-based regulation of wholesale interstate sales of electricity, and 
                          for other purposes.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                            January 30, 2001

 Mr. DeFazio introduced the following bill; which was referred to the 
                    Committee on Energy and Commerce

_______________________________________________________________________

                                 A BILL


 
 To require the Federal Energy Regulatory Commission to return to the 
cost-based regulation of wholesale interstate sales of electricity, and 
                          for other purposes.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. RESTORATION OF COST-BASED RATE REGULATION OF ELECTRIC ENERGY 
              AT THE FEDERAL LEVEL.

    (a) Termination of Orders 888 and 889.--The Federal Energy 
Regulatory Commission shall regulate the rates and charges for all 
sales of electric energy subject to the jurisdiction of the Commission 
under Part 2 of the Federal Power Act on the same basis as such rates 
and charges were regulated prior to the issuance of Commission orders 
888 and 889 on April 24, 1996.
    (b) Effective Date.--Subsection (a) shall take effect with respect 
to all contracts for the sale of electric energy entered into or 
renewed after the enactment of this Act.
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