Regional Energy Development Act of 1990

[AI summary unavailable — showing source text] Chapter I: Introductory - Regional Energy Development Act of 1990 - Sets forth the purposes of this Act, including the creation of a corporation to promote long-term cooperation among specified Northeastern States regarding energy development and conservation. Chapter II: Organization, Management, Powers - Authorizes creation of a non-Federal, for-profit organization known as the Energy Corporation of the Northeast. Sets forth corporation membership eligibility criteria for the Northeastern States. Requires annual fiscal status reports. Authorizes withdrawals by member States. Chapter III: Projects and Programs of the Corporation - Empowers the Corporation to: (1) engage in financial activities with any combination of equity or debt; (2) provide technical and legal assistance for regional energy projects; and (3) provide for research and development activities related to the energy development of its member States in connection with energy projects. Prescribes guidelines under which the Corporation may become a project participant. Sets limits upon the Corporation's investment obligations, loan guarantees, and capital costs start-up expenses. Prescribes guidelines for: (1) the waiv…