Energy Policy and Conservation Act Amendments of 1994

[AI summary unavailable — showing source text] Energy Policy and Conservation Act Amendments Act of 1994 - Amends the Energy Policy and Conservation Act to repeal the loan guarantee program for the development of underground coal mines. (Sec. 3) Transfers the Strategic Petroleum Reserve Office from the Federal Energy Administration to the Secretary of Energy. Repeals the mandate for: (1) a Strategic Petroleum Reserve (SPR) Plan (while retaining authority for a one billion barrel Reserve); (2) an Early Storage Reserve; and (3) a minimum fill rate. Makes the Regional Petroleum Reserve part of the SPR. Revises SPR operation and maintenance guidelines affecting expansion, drawdown, and distribution plans. Revises SPR drawdown, and distribution guidelines including: (1) a repeal the Secretary's allocation authority; and (2) a mandate that the Secretary sell SPR petroleum at public sale to the highest bidder. Revises: (1) SPR annual reporting requirements; and (2) guidelines governing the obligation of funds from the SPR Petroleum Account. Repeals the mandate for congressional review of contracts for which no implementing legislation is needed. Extends the authorities relating to the SPR through FY 1999. (Sec. 4) Revises guidelines g…