Electric System Reliability Act of 1998

[AI summary unavailable — showing source text] TABLE OF CONTENTS: Title I: FERC Authority to Certify Self-Regulating Reliability Organizations Title II: FERC Authority to Require Independent System Operators, to Require Divestiture of Generation Facilities, and to Prohibit Preferential Transmission Service Title III: Interconnection Title IV: Exempt Transmitting Utilities Electric System Reliability Act of 1998 - Title I: FERC Authority to Certify Self-Regulating Reliability Organizations - Amends the Federal Power Act to grant the Federal Energy Regulatory Commission (FERC) jurisdiction over electric reliability organizations (EROs), all system operators, and all users of the bulk-power system for purposes of approving and enforcing compliance with U.S. standards. (Sec. 101) Mandates that users of the bulk-power system comply with standards established by the North American Electric Reliability Council and the regional reliability councils that exist on the date of enactment of this Act. Prescribes guidelines governing registration and establishment of standards. Empowers FERC to approve from among competing applications only the one ERO deemed most likely to provide a reliable bulk-power system. Prohibits an ERO from: (1) est…